Okla. Stat. tit. 70, § 70-625.4

The Commission shall promulgate and adopt such rules and

regulations as may be necessary to carry out the provisions of this

act. The Commission shall prescribe the form and regulate the

submission of applications for scholarship; conduct conferences and

interviews with applicants; determine the eligibility of applicants;

allow or disallow all applications for scholarships or renewal of

scholarships; contract, increase, decrease, terminate and otherwise

regulate all grants for scholarships and their repayment in cash or

services; and manage, operate and control all funds and property

appropriated or otherwise contributed for this purpose. The

Commission may acquire property or money by the acceptance of gifts,

grants, bequests or devise, and may contract with the federal

government in order to secure the benefit of any federal program

consistent with the provisions of this act. Monies received by the

Commission in repayment of scholarships granted from appropriated

funds shall be deposited with the State Treasurer who shall place

the same to the credit of the Commission in depository funds to be

known as the "Rural Medical Education Scholarship Fund" and the

"Community Physician Education Scholarship Fund" depending on the

program in which the recipient participated, under and subject

exclusively to the control of the Commission for the purpose of

fulfilling and accomplishing the conditions and purposes of the

Health Care Workforce Training Commission. All monies so collected

and deposited in the State Treasury as aforesaid shall constitute a

continuing fund, shall not be subject to fiscal limitations, and the

unexpended balance shall at all times be available for expenditures

for the purposes and in the manner and form provided by this act.

All funds and property, and income therefrom, received by the

Commission through the acceptance of gifts, grants, bequests or

devise shall be held by the Commission in trust, and may be sold,

transferred, invested and reinvested by the Commission in accordance

Oklahoma Statutes - Title 70. Schools Page 1050

with the provisions of the Oklahoma Trust Act, and all such funds

and property, and income therefrom, shall be used by the Commission

in fulfilling and accomplishing the conditions and purposes of the

Health Care Workforce Training Commission.