Title 70 — Title 70 — Schools
0 chapters · 2,698 sections in this title.
70 O.S. § 3706 Board of Regents for Northern Oklahoma College -
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Jurisdiction over Northern Oklahoma College - Powers and duties - Institution personnel - Fidelity bonds - Federal funds - Gifts - Contracts - Property - Employee benefits. The Board of Regents of the Northern Oklahoma College shall have the supervision, management and control of…
70 O.S. § 3707 Branch campus of Northern Oklahoma College at Enid
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A. The Oklahoma State Regents for Higher Education shall make resident college credit courses and programs available to the people of Enid. B. The Oklahoma State Regents for Higher Education shall provide courses and programs through a branch campus of Northern Oklahoma College, …
70 O.S. § 38 Repealed by Laws 1941, p. 410, § 9
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70 O.S. § 38 Repealed by Laws 1941, p. 410, § 9
70 O.S. § 3801 Claremore Junior College - Location
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The state educational institution located at Claremore, presently known and designated as Claremore Junior College, shall continue in the same location and its official name hereafter shall be Rogers State College. Any reference in the statutes to the Oklahoma Military Academy or…
70 O.S. § 3802 Repealed by Laws 1996, c. 5, § 7, eff. April 1, 1996
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70 O.S. § 3802 Repealed by Laws 1996, c. 5, § 7, eff. April 1, 1996
70 O.S. § 3803 Repealed by Laws 1982, c. 62, § 7, operative July 1
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1982.
70 O.S. § 3804 Repealed by Laws 1996, c. 5, § 7, eff. April 1, 1996
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70 O.S. § 3804 Repealed by Laws 1996, c. 5, § 7, eff. April 1, 1996
70 O.S. § 3805 Repealed by Laws 1996, c. 5, § 7, eff. April 1, 1996
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70 O.S. § 3805 Repealed by Laws 1996, c. 5, § 7, eff. April 1, 1996
70 O.S. § 3806 Repealed by Laws 1996, c. 5, § 7, eff. April 1, 1996
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70 O.S. § 3806 Repealed by Laws 1996, c. 5, § 7, eff. April 1, 1996
70 O.S. § 39 Repealed by Laws 1949, p. 607, art. 20, § 9
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70 O.S. § 39 Repealed by Laws 1949, p. 607, art. 20, § 9
70 O.S. § 3901 Revolving funds - Sources of income - Use - Rules and
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regulations. (a) There are hereby established two revolving funds for each state educational institution and for each agency thereof. The Educational and General Operations Revolving Fund shall consist of any appropriations made by the Legislature for such purpose and shall inclu…
70 O.S. § 3902 Official depository - State Treasurer as official
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depository for State Regents, State educational institutions and constituent agencies. As provided in Sections 7.1 through 7.5 and Section 74, Title 62, Oklahoma Statutes 1961, the State Treasurer shall be the official depository for all monies, funds, rentals, penalties, costs, …
70 O.S. § 3903 State System of Higher Education - Allocations -
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Allotments - Accounting classification - Petty cash funds - Expenses of Boards - Educational and general income. (a) The Oklahoma State System of Higher Education shall operate an allotment system similar to the procedure set out in the Oklahoma State Finance Act, Section 34 et s…
70 O.S. § 3904 School land funds - Proceeds of Section Thirteen and
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indemnity lands - Disposition and distribution - Purposes for which Section Thirteen Fund and New College Fund may be expended. A. The income, interest, rentals and proceeds of the sale of Section Thirteen in this state, and any indemnity lands in lieu of Section Thirteen which w…
70 O.S. § 3905 Payroll deductions
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Institutions, agencies, and boards in The Oklahoma State System of Higher Education may withhold from the compensation payable for the employee's services, with the consent of the employee, amounts necessary for participation in the Oklahoma Teachers' Retirement System, hospital …
70 O.S. § 3906 Standard guidelines and criteria for accounts, funds and
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expenditures - Accrual of interest income. A. It is the intent of the Legislature that the Oklahoma State Regents for Higher Education establish uniform standard guidelines and criteria for all institutions of The Oklahoma State System of Higher Education for all special accounts…
70 O.S. § 3907 College and university related foundations - Priorities
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and guidelines for use of unrestricted income. It is the intent of the Legislature that trustees of college- and university-related foundations establish priorities and guidelines for the use of unrestricted income. It is the further intent of the Legislature that unrestricted in…
70 O.S. § 3908 Attorney General - Intervention in action concerning
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performance of charitable trust. The Attorney General of Oklahoma is authorized, pursuant to the provisions of Section 175.18 of Title 60 of the Oklahoma Statutes, to intervene in any action concerning the performance of a charitable trust. Added by Laws 1987, c. 229, § 5, eff. J…
70 O.S. § 3909 Audits - Audit Committee - Audit procedures and reports
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A. In addition to such other audits as may be required of or desired by the various boards of regents responsible for the institutions of The Oklahoma State System of Higher Education, each board shall annually obtain the services of an independent accounting firm or individual h…
70 O.S. § 391 Repealed by Laws 1949, p. 607, art. 20, § 9
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70 O.S. § 391 Repealed by Laws 1949, p. 607, art. 20, § 9
70 O.S. § 3910 Limitation on contracts for accounting services
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A board of regents shall not contract for or otherwise obtain the services of an independent accounting firm or individual to perform financial audits for an institution for more than five (5) consecutive years. If an independent accounting firm or individual has conducted financ…
70 O.S. § 3911 Methods for keeping financial accounts
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Pursuant to the provisions of Section 213 of Title 74 of the Oklahoma Statutes, the State Auditor and Inspector may prescribe and enforce changes in methods for keeping of financial accounts by the institutions of The Oklahoma State System of Higher Education or by the Oklahoma S…
70 O.S. § 3912 Commingling of certain funds prohibited - Separate
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accounting of funds - Uses of certain income of certain school districts limited. (a) Neither the ad valorem funds received by a local school district which operates an institution of higher education nor the ad valorem funds received by a technical area school district shall be …
70 O.S. § 3913 Construction or maintenance of roads, streets and parking
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areas. Unless otherwise prohibited by federal law, the Oklahoma Constitution or a municipal home rule charter, any municipality or county in this state may provide funding to state-supported institutions of higher education or higher education centers in The Oklahoma State System…
70 O.S. § 3914 Administrative expenditures - Legislative intent
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It is the intent of the Legislature that the Oklahoma State Regents for Higher Education establish levels of administrative expenditures under the functional category of Institutional Support at each of the public higher education institutions and constituent agencies. The Regent…
70 O.S. § 392 Repealed by Laws 1949, p. 607, art. 20, § 9
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70 O.S. § 392 Repealed by Laws 1949, p. 607, art. 20, § 9
70 O.S. § 393 Repealed by Laws 1949, p. 607, art. 20, § 9
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70 O.S. § 393 Repealed by Laws 1949, p. 607, art. 20, § 9
70 O.S. § 3951 Trustees - Fund principal - Income or investment return -
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Administrative expenses. A. There is hereby created a trust fund to be known as the "Oklahoma State Regents' Endowment Trust Fund". The Oklahoma State Regents for Higher Education shall be the trustees of the Trust Fund. B. The State Regents shall utilize the Trust Fund to implem…
70 O.S. § 3952 Disposition of principal - Endowment accounts -
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Allocation of investment return - Matching requirement. A. The principal held in the Oklahoma State Regents' Endowment Trust Fund shall be made available for the establishment of and allocation to endowment accounts within the Trust Fund for the benefit of individual public insti…
70 O.S. § 3953 Oklahoma State Regents' Academic Scholars Trust Fund -
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Principal - Income and investment return - Administrative expenses. 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 …
70 O.S. § 3953.1 Oklahoma Higher Learning Access Trust Fund
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A. There is hereby created a trust fund to be known as the “Oklahoma Higher Learning Access Trust Fund”. The Oklahoma State Regents for Higher Education shall be the trustees of the Trust Fund. B. The State Regents shall utilize the Trust Fund to implement the provisions of Secti…
70 O.S. § 3953.2 Repealed by Laws 2002, c. 99, § 6, eff. July 1, 2002
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70 O.S. § 3953.2 Repealed by Laws 2002, c. 99, § 6, eff. July 1, 2002
70 O.S. § 3953.3 Trust fund - Scholarships
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A. There is hereby created a trust fund to be known as the "Oklahoma GEAR UP Scholarship 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 fund scholarships in accordance wi…
70 O.S. § 3953.4 Oklahoma Tuition Equalization Grant Trust Fund
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A. There is hereby created a trust fund to be known as the "Oklahoma Tuition Equalization Grant Trust Fund". The Oklahoma State Regents for Higher Education shall be the trustees of the Trust Fund. B. The State Regents shall utilize the Trust Fund to implement the provisions of S…
70 O.S. § 3954 Trustee duty of care - Indemnity insurance - Investment
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committee - Investment managers - Fund custodian - Investment plan - Financial reports - Annual reports. A. The Oklahoma State Regents for Higher Education shall discharge their duties as trustees of the Oklahoma State Regents' Endowment Trust Fund, as trustees of the Oklahoma St…
70 O.S. § 3955 Fiduciary duties - Conflict of interest
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A. A fiduciary with respect to the Oklahoma State Regents' Endowment Trust Fund, the Oklahoma State Regents' Academic Scholars Trust Fund, the Oklahoma Higher Learning Access Trust Fund, the Oklahoma GEAR UP Scholarship Trust Fund, or the Oklahoma Tuition Equalization Grant Trust…
70 O.S. § 3970.1 Short title
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This act shall be known and may be cited as the "Oklahoma College Savings Plan Act". Added by Laws 1998, c. 366, § 1, eff. July 1, 1998.
70 O.S. § 3970.10 Limitations
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A. Nothing in this act shall be construed to: 1. Give a designated beneficiary any rights or legal interest with respect to an account unless the designated beneficiary is the account owner; 2. Guarantee that a designated beneficiary will be admitted to a higher education institu…
70 O.S. § 3970.11 Reports
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The Board of Trustees of the Oklahoma College Savings Plan shall submit a report summarizing any findings and recommendations concerning the program to the Speaker of the House of Representatives, the President Pro Tempore of the Senate, and the Governor by February 1 of each yea…
70 O.S. § 3970.12 Effective date for opening of accounts
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No account under the Oklahoma College Savings Program shall be opened prior to January 1, 1999, and until the Board of Trustees of the Oklahoma College Savings Plan determines it is appropriate. Added by Laws 1998, c. 366, § 12, eff. July 1, 1998.
70 O.S. § 3970.2 Purpose
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It is the purpose of this act, given the cost of higher education, the importance of encouraging savings for tuition, and the correlation of economic growth and education, to permit Oklahomans to benefit from tax benefits for qualified college savings programs allowed by federal …
70 O.S. § 3970.3 Definitions
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As used in this act: 1. "Account" means an individual trust account or savings account established as prescribed in this act; 2. "Account owner" means the person or other entity allowable under Section 529 of the Internal Revenue Code designated at the time an account is opened a…
70 O.S. § 3970.4 Board of Trustees
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A. There is hereby created the Board of Trustees of the Oklahoma College Savings Plan program composed of seven (7) members as follows: 1. The State Treasurer; 2. The State Auditor and Inspector; 3. The State Superintendent of Public Instruction; 4. The Chancellor of the Oklahoma…
70 O.S. § 3970.5 Board duties
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The Board of Trustees of the Oklahoma College Savings Plan shall: 1. Develop and implement the program in a manner consistent with this act through the adoption of guidelines and procedures; 2. Retain professional services, if necessary, including accountants, auditors, consultan…
70 O.S. § 3970.6 Financial institutions as depositories and managers
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A. The Board of Trustees of the Oklahoma College Savings Plan shall implement the program through the use of one or more financial institutions to act as the depositories and managers. Under the program, persons may establish accounts through the program at a depository that has …
70 O.S. § 3970.7 Program accounts
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A. The program shall be operated through the use of accounts. An account may be opened by any person who desires to save to pay the qualified higher education expenses of a person by: 1. Completing an application in the form prescribed by the Board; 2. Paying the one-time applica…
70 O.S. § 3970.8 Repealed by Laws 2002, c. 144, § 5, emerg. eff. April
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29, 2002.
70 O.S. § 3970.9 Balance to be treated as asset of parent - Exceptions
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A. Any student loan program, student grant program, or other financial assistance program established or administered by this state shall treat the balance in an account of which the student is a designated beneficiary as if it were an asset of the parent of the designated benefi…
70 O.S. § 3980.1 Short title
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This act shall be known and may be cited as the “Oklahoma Higher Education Promise of Excellence Act of 2005”. Added by Laws 2005, c. 2, § 1, emerg. eff. March 31, 2005.
70 O.S. § 3980.10 Audited financial statements
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A. Each authorized issuer and each institution within The Oklahoma State System of Higher Education that receives proceeds from the sale of any obligations issued pursuant to the Oklahoma Higher Education Promise of Excellence Act of 2005 shall issue financial statements audited …