Okla. Stat. tit. 70, § 70-628.2
This is the official text of Okla. Stat. tit. 70, § 70-628.2, 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.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
Study of income received for revolving funds
Official statutory text
The State Regents should make a thorough study of the income
received for the revolving fund of each institution and other budget
agency to determine that all educational budget income, as defined
by the law creating the revolving fund, the State Budget Law, and
the manual of the National Committee on Standard Reports, is being
collected and deposited by each institution into the revolving fund
of the State Treasury as provided by law; but, in keeping with the
definition of "revolving fund" recommended in the Second Annual
Report of the Oklahoma Commission on Education, income from gifts,
research grants and contracts which is deposited for the revolving
fund of any institution shall not be considered by the Oklahoma
State Regents for Higher Education in determining the allocation of
state appropriated funds to each institution.
received for the revolving fund of each institution and other budget
agency to determine that all educational budget income, as defined
by the law creating the revolving fund, the State Budget Law, and
the manual of the National Committee on Standard Reports, is being
collected and deposited by each institution into the revolving fund
of the State Treasury as provided by law; but, in keeping with the
definition of "revolving fund" recommended in the Second Annual
Report of the Oklahoma Commission on Education, income from gifts,
research grants and contracts which is deposited for the revolving
fund of any institution shall not be considered by the Oklahoma
State Regents for Higher Education in determining the allocation of
state appropriated funds to each institution.
Status: in_force · Read it on the official government site
Need a lawyer in Oklahoma?
Find a Oklahoma lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.