Okla. Stat. tit. 70, § 70-4305

Any one of the institutions comprising The Oklahoma State System

of Higher Education as defined in Section 1 of Article XIII-A of the

Constitution of Oklahoma and any other institutions of Higher

Education which have become coordinated with the Oklahoma State

System of Higher Education under the provisions of Section 4 of said

Article XIII-A of said Constitution may accept grants of airport

property from the United States and hold and operate the same, and

may accept, receive, receipt for, disburse, and expend federal

monies granted by the United States in aid of airport development

upon such terms and conditions as are prescribed by the United

States and are consistent with state law, and consistent with the

terms of the grants by which said properties are acquired or said

federal monies are received from the United States, and any

amendment to any grants or release of any restriction found in the

grants; and such institutions operating or controlling any airport

shall have exclusive management and control of such airport and are

hereby permitted to authorize and regulate the use of such airports

by aircraft not owned and operated by such institutions under the

conditions and subject to the restrictions hereinafter set forth.

A state educational institution may make or amend such

reasonable rules, regulations, and orders as it may deem necessary

for the operation, government and use of any such airport under its

control not inconsistent with this section, with the laws of this

state or of the United States, or any rules, regulations or orders

promulgated pursuant to either, or with the terms of any grant of

airport property or money from the United States, or any amendment

to any grants or release of any restriction in any grants. Such

institution may fix and charge for such services and facilities for

aircraft not owned and operated by it, either rented by it or under

concession contract, as are customarily provided and deemed

necessary at any public airport; provided that all income received

from the services and facilities herein provided for shall be kept

by such institution in a separate fund to be used solely for the

operation, upkeep and maintenance of such institutional airport. A

state educational institution airport may use, lease, rent, sell or

otherwise dispose of any of the property acquired for any purpose

not inconsistent with the terms of any grant or money from the

United States or any amendment of any grants or release of

restriction found in any grants.