Okla. Stat. tit. 70, § 70-3209
This is the official text of Okla. Stat. tit. 70, § 70-3209, 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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Endowments, gifts, bequests and indirect cost
Official statutory text
reimbursements.
A. All endowments, gifts, bequests, and indirect cost
reimbursements from sponsored grants and contracts given to, or
received by, any constituent institution, and the income therefrom,
shall belong to and be used only for and by the recipient
institution.
B. The State Regents shall not take into consideration either
the principal or income of paid endowments, gifts and bequests, or
any indirect cost reimbursements from sponsored grants and contracts
in allocating the state-appropriated funds to such constituent
institution, but shall allocate the state-appropriated funds to such
institution as though such funds did not exist.
A. All endowments, gifts, bequests, and indirect cost
reimbursements from sponsored grants and contracts given to, or
received by, any constituent institution, and the income therefrom,
shall belong to and be used only for and by the recipient
institution.
B. The State Regents shall not take into consideration either
the principal or income of paid endowments, gifts and bequests, or
any indirect cost reimbursements from sponsored grants and contracts
in allocating the state-appropriated funds to such constituent
institution, but shall allocate the state-appropriated funds to such
institution as though such funds did not exist.
Status: in_force · Read it on the official government site
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