Title 70 — Title 70 — Schools

24, 2005.

issuance of obligations - Authorized projects. A. For the purpose of paying the costs for acquisition, reimbursement and construction of real and personal property and making repairs, refurbishments and improvements to real and personal property, and providing funding for the her…

A. It is the intent of the Legislature to authorize the Board of Regents of the University of Oklahoma, acting for the benefit of the University of Oklahoma, the Board of Regents for the Oklahoma Agricultural and Mechanical Colleges, acting for the benefit of Oklahoma State Unive…

As used in the Oklahoma Higher Education Promise of Excellence Act of 2005, and unless the context clearly requires otherwise: 1. “Authorized issuer” means: a. the Oklahoma State Regents for Higher Education acting for the benefit of any institution within The Oklahoma State Syst…

Approval procedures for issuance of obligations - Restrictions on issuance. A. The Oklahoma State Regents for Higher Education shall be authorized to issue indebtedness for capital projects to benefit each and every institution within The Oklahoma State System of Higher Education…

The authorized issuers are for purposes of this act hereby granted, have and may exercise all powers necessary or appropriate to carry out and effectuate their respective corporate purposes, including, without limiting the generality thereof, the following: 1. To make and execute…

resolutions - Bonds deemed negotiable instruments. A. An authorized issuer shall have the power and is hereby authorized to borrow money and to issue bonds in such principal amounts as the authorized issuer determines shall be necessary to provide sufficient funds for: 1. The pro…

The obligations issued pursuant to this act by an authorized issuer, the transfer thereof and the interest earned on such obligations, including any profit derived from the sale thereof, shall not be subject to taxation of any kind by the State of Oklahoma, or by any county, muni…

The Oklahoma State Regents for Higher Education, the Board of Regents of the University of Oklahoma and the Board of Regents for the Oklahoma Agricultural and Mechanical Colleges shall make application for a credit rating from a nationally recognized rating agency with expertise …

§70-4-1. Repealed by Laws 1971, c. 281, § 24-127, eff. July 2, 1971. §70-4-2. Repealed by Laws 1971, c. 281, § 24-127, eff. July 2, 1971. §70-4-3. Repealed by Laws 1971, c. 281, § 24-127, eff. July 2, 1971. §70-4-4. Repealed by Laws 1971, c. 281, § 24-127, eff. July 2, 1971. §70-…

additions, public utilities, etc. - Fees and charges - Sale of surplus commodities and services - Cooperative agreements. A. Subject to and in accordance with the terms hereof, the boards of regents for all state educational institutions for and in behalf of any university, colle…

(a) For the purpose of paying all or part of the cost of acquisition of any such lands, rights-of-way, easements, licenses and permits and the construction, acquisition, equipment and furnishing of any such building or buildings or structure or structures, plants or systems, or o…

Legislative approval expressed by concurrent resolution, except as provided by Section 121, Chapter 189, O.S.L. 1993, shall be required prior to commencing any action in anticipation of issuance by a Board of Regents of revenue bonds authorized by Section 4002 of Title 70 of the …

network - Revenue bonds. The Oklahoma State Regents for Higher Education are hereby authorized to issue revenue bonds in the sum not to exceed Two Million Dollars ($2,000,000.00) for the purpose of planning and constructing a communications and telecommunications network and the …

obligations of State. No provision of this article shall be construed to authorize the pledging or use of revenue of existing buildings and facilities other than auxiliary enterprises and other self-liquidating buildings and facilities, nor shall any provisions of this article be…

bonds - Agreements and terms. (a) The bonds issued hereunder shall not be an indebtedness of the State of Oklahoma or of the institution for which they are issued or the board of regents thereof, but shall be special obligations payable solely from the revenue to be derived from …

The board may enter into any agreement or contracts with the United States of America or any agency or instrumentality thereof which it may consider advisable or necessary in order to obtain a grant of funds or other aid to be used in connection with the proceeds of the bonds in …

The proceeds derived from the sale of the bonds herein authorized shall be deposited in the State Treasury to the credit of the board and kept in a separate fund and used solely for the purpose for which the bonds are authorized. The board is authorized to make all contracts and …

Except as to revenues paid directly to a trustee under the provisions of Section 1004(a) (5) hereof, all income and revenues derived from the operation of the building shall be deposited as collected in a fund in the State Treasury to be applied solely to the payment of the princ…

All bonds issued hereunder shall have on the backs thereof the certificate required by Section 29 of Article X of the Constitution of Oklahoma. Such bonds and any bonds or other obligations issued under the Oklahoma Higher Education Promise of Excellence Act of 2005 shall be subm…

Any bank, trust or insurance company organized under the laws of Oklahoma may invest its capital, surplus and reserves in bonds issued under the provisions of this article. The officers having charge of any sinking fund or any other fund of the state or any department, agency or …

70 O.S. § 401 Repealed by Laws 1949, p. 607, art. 20, § 9

issue. Whenever the board shall have adopted a resolution authorizing the issuance of any series of bonds hereunder and said bonds have been sold but prior to the time as of which the bonds can be delivered the board finds it necessary to borrow money for the purpose for which th…

The board is authorized in its discretion to file an application with the Supreme Court of Oklahoma for the approval of any series of bonds to be issued hereunder, and exclusive original jurisdiction is hereby conferred upon the Supreme Court to hear and determine each such appli…

§ 5, eff. Sept. 1, 2000.

The Board of Regents which by the Constitution and/or by the laws of this State is charged with the control, management and government of one or more of the universities, colleges, schools or institutions of higher education shall have for each of the universities, colleges, scho…

For each of the proposed bond issues to be issued pursuant to Sections 4001 through 4014, Title 70 of the Oklahoma Statutes, a Statement of Essential Facts shall be prepared by the issuing Board of Regents for the use and information of prospective bond purchasers. It shall be th…

- Revenue bonds. A. The board of trustees of any community junior college operating under the provisions of Sections 4401 through 4418 of Title 70, Oklahoma Statutes, may construct a building for use as a social and recreation center for the students and members of the faculty of…

The Board of Regents which by the Constitution and/or by the laws of this state is charged with the control, management and government of one or more of the universities, colleges, schools or institutions of higher education shall have for each of the universities, colleges, scho…

Contractual arrangements with public trusts - Capital expenditures. The boards of regents for educational institutions who are members of The Oklahoma State System of Higher Education are authorized to enter into loan agreements, investment agreements or other appropriate contrac…

In any instance in which the board shall consider it preferable to acquire the building or additions to existing buildings or equipment in the manner authorized in this section rather than through the issuance of bonds by the board, it may do so by complying with this section. In…

endowed chairs and positions - Issuance of obligations. A. The Oklahoma Capitol Improvement Authority is hereby authorized, consistent with the statutes pertaining to the Oklahoma State Regents' Endowment Trust Fund, to establish a program to provide for the advance funding of th…

70 O.S. § 402 Repealed by Laws 1949, p. 607, art. 20, § 9

70 O.S. § 403 Repealed by Laws 1949, p. 607, art. 20, § 9

70 O.S. § 404 Repealed by Laws 1949, p. 607, art. 20, § 9

70 O.S. § 405 Repealed by Laws 1949, p. 607, art. 20, § 9

Any person or persons, group, or other entity, establishing a private educational institution shall do so only as a corporation organized or domesticated under the laws of Oklahoma. Added by Laws 1965, c. 396, § 1101, eff. July 1, 1965.

All property, real or personal, of a private educational institution shall be held and used solely for the purposes of education and not for the individual benefit of itself or any contributor to the endowment thereof, unless the private educational institution is organized for p…

granting institutions. A. As used in this section: 1. “Degree-granting institution” means an institution that offers education leading to an associate’s degree or higher; 2. “Non-degree-granting activity” means offering education or training that does not lead to an associate’s d…

There is hereby created in the State Treasury a revolving fund for the Oklahoma State Regents for Higher Education to be designated the “Tuition Recovery Revolving Fund”. The fund shall be a continuing fund, not subject to fiscal year limitations, and shall consist of all monies …

A. A private educational institution shall grant only those degrees authorized by the Oklahoma State Regents for Higher Education unless approved otherwise by a national or regional accrediting agency which is recognized by the Secretary of the United States Department of Educati…

Nothing in this article shall affect any private educational institution in existence when this Code becomes effective if such institution is accredited as provided in this article. Laws 1965, c. 396, § 1105.

70 O.S. § 411 Repealed by Laws 1941, pp. 463, 464, § 3

70 O.S. § 412 Repealed by Laws 1941, pp. 463, 464, § 3

70 O.S. § 413 Repealed by Laws 1941, pp. 463, 464, § 3

70 O.S. § 414 Repealed by Laws 1941, pp. 463, 464, § 3

70 O.S. § 415 Repealed by Laws 1949, p. 607, art. 20, § 9

70 O.S. § 416 Repealed by Laws 1941, pp. 463, 464, § 3

70 O.S. § 417 Repealed by Laws 1941, pp. 463, 464, § 3

70 O.S. § 418 Repealed by Laws 1941, pp. 463, 464, § 3