Okla. Stat. tit. 70, § 70-3953
This is the official text of Okla. Stat. tit. 70, § 70-3953, 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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Oklahoma State Regents' Academic Scholars Trust Fund -
Official statutory text
Principal - Income and investment return - Administrative expenses.
Oklahoma Statutes - Title 70. Schools Page 1578
A. There is hereby created a trust fund to be known as the
"Oklahoma State Regents' Academic Scholars Trust Fund." The
Oklahoma State Regents for Higher Education shall be the trustees of
said Trust Fund.
B. The State Regents shall utilize said Trust Fund to implement
the provisions of Sections 4 through 10 of this act.
C. The Trust Fund principal shall consist of monies the
Legislature appropriates or transfers to the Oklahoma State Regents
for Higher Education for the Trust Fund and any monies or assets
contributed to the Trust Fund from any other source, public or
private.
D. Notwithstanding other provisions of law, income and
investment return on Trust Fund principal shall accrue to the Trust
Fund for use as provided by authorization of the trustees for the
purposes provided in Sections 4 through 10 of this act. The State
Regents may also utilize the Trust Fund principal for the purposes
provided in Sections 4 through 10 of this act. No such income or
investment return or principal shall be used for administrative
expenses; expenses incurred by the State Regents in the
administration of the Trust Fund and of the Oklahoma State Regents
Academic Scholarship Program established by this act shall be paid
from monies appropriated to the State Regents coordinating board for
their general operating budget.
Oklahoma Statutes - Title 70. Schools Page 1578
A. There is hereby created a trust fund to be known as the
"Oklahoma State Regents' Academic Scholars Trust Fund." The
Oklahoma State Regents for Higher Education shall be the trustees of
said Trust Fund.
B. The State Regents shall utilize said Trust Fund to implement
the provisions of Sections 4 through 10 of this act.
C. The Trust Fund principal shall consist of monies the
Legislature appropriates or transfers to the Oklahoma State Regents
for Higher Education for the Trust Fund and any monies or assets
contributed to the Trust Fund from any other source, public or
private.
D. Notwithstanding other provisions of law, income and
investment return on Trust Fund principal shall accrue to the Trust
Fund for use as provided by authorization of the trustees for the
purposes provided in Sections 4 through 10 of this act. The State
Regents may also utilize the Trust Fund principal for the purposes
provided in Sections 4 through 10 of this act. No such income or
investment return or principal shall be used for administrative
expenses; expenses incurred by the State Regents in the
administration of the Trust Fund and of the Oklahoma State Regents
Academic Scholarship Program established by this act shall be paid
from monies appropriated to the State Regents coordinating board for
their general operating budget.
Status: in_force · Read it on the official government site
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