Okla. Stat. tit. 70, § 70-3510

institutions under jurisdiction of - Powers and duties - Institution

personnel - Fidelity bonds - Federal funds - Gifts - Contracts -

Property - Employee benefits.

The Board of Regents of Oklahoma Colleges, also known as the

Regional University System of Oklahoma (RUSO) pursuant to Section

3507.1 of this title, shall have the supervision, management, and

control of the University of Central Oklahoma, East Central

University, Northeastern State University, Northwestern Oklahoma

State University, Southeastern Oklahoma State University, and

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Southwestern Oklahoma State University; and it shall have the

following additional powers and duties:

(a) Adopt such rules and regulations as it deems necessary to

govern each of the institutions under its jurisdiction.

(b) Employ and fix the compensation and duties of such personnel

as it deems necessary including architects, attorneys, engineers,

and other professional and technical persons for its operation and

for the operation of the institutions under its jurisdiction. Any

of such personnel having custody of public funds or other public

property may be required to furnish corporate surety bonds in such

amounts as may be deemed necessary by the Board, payable to this

state and conditioned upon a faithful accounting of all such funds

and property.

(c) Enter into contracts, purchase supplies, materials and

equipment, and incur such other expenses as may be necessary to make

any of its powers effective.

(d) Authorize officials at the several institutions under its

jurisdiction to act in its behalf in the making of contracts, or in

carrying out the powers conferred upon it.

(e) Receive and make disposition of monies, grants, and property

from federal agencies, and administer the same in accordance with

federal requirements.

(f) Accept gifts of real and personal property, money, and other

things, and use or dispose of the same in accordance with the

directions of the donors or grantors thereof.

(g) Direct the disposition of all monies appropriated by the

Legislature or by the Congress or derived from the sale of bonds or

received from any other source by the institutions under its

jurisdiction.

(h) Acquire and take title to real and personal property in its

name, on behalf of any of the institutions under its jurisdiction,

and convey, exchange, or dispose of, or otherwise manage or control,

such property in the interest of such institutions including the

granting of leases, permits, easements, and licenses over or upon

any such real property. The Board shall have the power to institute

any legal action in the name of the Board before any court having

jurisdiction of such actions. The Board shall have custody of

abstracts of title and instruments affecting the ownership of or

title to real property acquired for or belonging to such

institutions.

(i) Have supervision and charge of the construction of all

buildings at institutions under its jurisdiction.

(j) Determine the need for and cause to be constructed

dormitories and other buildings, on a self-liquidating basis, at any

institution under its jurisdiction.

(k) Establish and maintain plans for tenure and retirement of

employees of the Board and of the institutions under its

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jurisdiction, and for payment of deferred compensation of such

employees; and provide hospital and medical benefits, accident,

health, and life insurance, and annuity contracts, for such

employees and their dependents. The Board may pay for all or a part

of the cost thereof for employees, with funds available for the

operation of the institution. Amounts payable by an employee for

such insurance or annuity contracts may, with the consent of the

employee, be deducted from his or her salary.

(l) Maintain an inventory of all property belonging to each of

the institutions under its jurisdiction.
ir dependents. The Board may pay for all or a part

of the cost thereof for employees, with funds available for the

operation of the institution. Amounts payable by an employee for

such insurance or annuity contracts may, with the consent of the

employee, be deducted from his or her salary.

(l) Maintain an inventory of all property belonging to each of

the institutions under its jurisdiction.

(m) Audit all accounts against the funds allocated to the

institutions under its jurisdiction.

(n) Provide penalties and forfeitures by way of damages and

otherwise for the violation of rules and regulations of the Board,

which may be sued for and collected in the name of the Board before

any court having jurisdiction of such actions.

(o) Do all things necessary or convenient to carry out the

powers expressly granted to it by Article XIII-B of the Oklahoma

Constitution and the Statutes of Oklahoma, or to make institutions

under its jurisdiction effective for the purposes for which they are

maintained or operated.

(p) Issue, on behalf of the institutions supervised and managed

by RUSO, special and limited obligations for purposes of such

capital projects as RUSO may deem proper.