Okla. Stat. tit. 70, § 70-4713
This is the official text of Okla. Stat. tit. 70, § 70-4713, 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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Funds for Excellence Fund
Official statutory text
There is hereby created in the State Treasury a revolving fund
for the Office of the State Regents for Higher Education to be
designated the "Funds for Excellence Fund". The fund shall be a
continuing fund, not subject to fiscal year limitations and shall
consist of all monies received by the Office of the State Regents
for Higher Education from all funds appropriated for that purpose by
the Legislature and allocated thereto by the State Regents and all
private contributions, grants, and donations of monies made for the
purposes of Sections 4712 through 4715 of this title. All monies
accruing to the credit of said fund are hereby appropriated and may
be budgeted and expended by the Office of the State Regents for
Higher Education for the purposes specified in Sections 4712 through
4715 of this title and for administering the provisions of Sections
4712 through 4715 of this title; however, such monies expended for
such administrative costs shall not exceed five percent (5%) of the
total amount of monies in said fund. Expenditures from said fund
shall be made upon warrants issued by the State Treasurer against
claims filed as prescribed by law with the Director of the Office of
Management and Enterprise Services for approval and payment.
for the Office of the State Regents for Higher Education to be
designated the "Funds for Excellence Fund". The fund shall be a
continuing fund, not subject to fiscal year limitations and shall
consist of all monies received by the Office of the State Regents
for Higher Education from all funds appropriated for that purpose by
the Legislature and allocated thereto by the State Regents and all
private contributions, grants, and donations of monies made for the
purposes of Sections 4712 through 4715 of this title. All monies
accruing to the credit of said fund are hereby appropriated and may
be budgeted and expended by the Office of the State Regents for
Higher Education for the purposes specified in Sections 4712 through
4715 of this title and for administering the provisions of Sections
4712 through 4715 of this title; however, such monies expended for
such administrative costs shall not exceed five percent (5%) of the
total amount of monies in said fund. Expenditures from said fund
shall be made upon warrants issued by the State Treasurer against
claims filed as prescribed by law with the Director of the Office of
Management and Enterprise Services for approval and payment.
Status: in_force · Read it on the official government site
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