Oklahoma § 70-3209 Endowments, gifts, bequests and indirect cost

Oklahoma Statutes

§ 70-3209 — Endowments, gifts, bequests and indirect cost

Oklahoma § 70-3209

Title 70Schools

This text of Oklahoma § 70-3209 (Endowments, gifts, bequests and indirect cost) is published on Counsel Stack Legal Research, covering Oklahoma primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Okla. Stat. tit. 70, § 70-3209 (2026).

Text

reimbursements.

A.All endowments, gifts, bequests, and indirect cost reimbursements from sponsored grants and contracts given to, or received by, any constituent institution, and the income therefrom, shall belong to and be used only for and by the recipient institution.

B.The State Regents shall not take into consideration either the principal or income of paid endowments, gifts and bequests, or any indirect cost reimbursements from sponsored grants and contracts in allocating the state-appropriated funds to such constituent institution, but shall allocate the state-appropriated funds to such institution as though such funds did not exist.

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reimbursements. A. All endowments, gifts, bequests, and indirect cost reimbursements from sponsored grants and contracts given to, or received by, any constituent institution, and the income therefrom, shall belong to and be used only for and by the recipient institution. B. The State Regents shall not take into consideration either the principal or income of paid endowments, gifts and bequests, or any indirect cost reimbursements from sponsored grants and contracts in allocating the state-appropriated funds to such constituent institution, but shall allocate the state-appropriated funds to such institution as though such funds did not exist.