Okla. Stat. tit. 70, § 70-2291
This is the official text of Okla. Stat. tit. 70, § 70-2291, part of Oklahoma’s Stat. tit. 70, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 70,." Browse the sections below, each linked to its official government source.
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William P. Willis Trust Fund
Official statutory text
A. There is hereby created a trust fund to be known as the
"William P. Willis Trust Fund". The Trust Fund shall be managed and
controlled by a Board of Trustees. The Oklahoma State Regents for
Higher Education shall constitute the Board of Trustees of the
William P. Willis Trust Fund.
B. The trust capital shall consist of:
1. any monies the Legislature may appropriate and transfer to
the Trust Fund; and
2. any monies or assets contributed to the Trust Fund from any
other source.
C. The Board of Trustees shall invest the trust capital in a
reasonable and prudent manner which, consistent with any long-term
Oklahoma Statutes - Title 70. Schools Page 1368
investment needs, will produce the greatest trust income over the
term of the investment while preserving the trust capital.
D. All trust income shall be deposited in the William P. Willis
Scholarship Fund to be used for the payment of scholarships awarded
from said Fund.
"William P. Willis Trust Fund". The Trust Fund shall be managed and
controlled by a Board of Trustees. The Oklahoma State Regents for
Higher Education shall constitute the Board of Trustees of the
William P. Willis Trust Fund.
B. The trust capital shall consist of:
1. any monies the Legislature may appropriate and transfer to
the Trust Fund; and
2. any monies or assets contributed to the Trust Fund from any
other source.
C. The Board of Trustees shall invest the trust capital in a
reasonable and prudent manner which, consistent with any long-term
Oklahoma Statutes - Title 70. Schools Page 1368
investment needs, will produce the greatest trust income over the
term of the investment while preserving the trust capital.
D. All trust income shall be deposited in the William P. Willis
Scholarship Fund to be used for the payment of scholarships awarded
from said Fund.
Status: in_force · Read it on the official government site
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