A.The Oklahoma State Regents for Higher Education shall make educational program resources at institutions in The Oklahoma State System of Higher Education available to the people in the Ponca City area. This program shall be known as the University Center at Ponca City.
B.The State Regents shall draw upon the educational programs of institutions best suited to provide the kind of educational programs needed and shall, in pursuance of Article XIII-A of the Oklahoma Constitution and appropriate statutes, set the standards of education as they relate to the programs operated to assure that credits earned by students will be fully accepted at institutions of higher education to which the students may transfer the credit to apply toward an educational study objective.
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A. The Oklahoma State Regents for Higher Education shall make educational program resources at institutions in The Oklahoma State System of Higher Education available to the people in the Ponca City area. This program shall be known as the University Center at Ponca City. B. The State Regents shall draw upon the educational programs of institutions best suited to provide the kind of educational programs needed and shall, in pursuance of Article XIII-A of the Oklahoma Constitution and appropriate statutes, set the standards of education as they relate to the programs operated to assure that credits earned by students will be fully accepted at institutions of higher education to which the students may transfer the credit to apply toward an educational study objective. C. The State Regents may establish appropriate funds and accounts, including a revolving fund, in the Office of Management and Enterprise Services for servicing the fiscal operations of the University Center at Ponca City. The funds and accounts shall be subject to the direct supervision, management, and control of the board of trustees created by subsection D of this section. The people locally shall provide suitable physical plant accommodations for the University Center at Ponca City. D. There is hereby created a board of nine (9) trustees to be appointed by the Governor by and with the consent of the Senate to serve as the administrative agency for the University Center at Ponca City. The board shall be a body corporate and shall adopt and use an official seal. The board so created shall have the authority to submit a budget annually to the Oklahoma State Regents for Higher Education, administer monies budgeted by the State Regents, provide educational facilities, recommend courses and programs to be offered by participating institutions, select a chief executive officer whose duties include the general coordination of approved programs and services and the selection of other appropriate nonteaching personnel. The board of trustees is authorized to expend all monies allocated to the University Center at Ponca City as may be necessary to perform the duties and responsibilities imposed upon the board by this section. For purposes of acquiring and taking title to real and personal property from sources other than state appropriations, the board is authorized to enter into contracts and to adopt rules and regulations pertaining to such actions. The initial nine (9) members shall serve their terms for the period to which originally appointed, in numbered positions having dates of expiration identical to the dates of expiration of the original appointments: Position No. 1. The term of office of one member shall expire on June 30, 2013, and each nine (9) years thereafter; Position No. 2. The term of office of one member shall expire on June 30, 2014, and each nine (9) years thereafter; Position No. 3. The term of office of one member shall expire on June 30, 2015, and each nine (9) years thereafter; Position No. 4. The term of office of one member shall expire on June 30, 2016, and each nine (9) years thereafter; Position No. 5. The term of office of one member shall expire on June 30, 2017, and each nine (9) years thereafter; Position No. 6. The term of office of one member shall expire on June 30, 2018, and each nine (9) years thereafter; Position No. 7. The term of office of one member shall expire on June 30, 2019, and each nine (9) years thereafter; Position No. 8. The term of office of one member shall expire on June 30, 2020, and each nine (9) years thereafter; and Position No. 9. The term of office of one member shall expire on June 30, 2021, and each nine (9) years thereafter. The board shall organize and elect a chair, vice-chair, and secretary annually. E. The board of trustees may establish and maintain plans for tenure and retirement of its employees and for payment of deferred compensation of employees and may provide hospital and medical benefits, accident, health and life insurance and annuity contracts for employees and pay for all or part of the cost with funds available for payment of its operating expenses. F. The board may establish with the State Treasurer any accounts as are necessary to operate retirement, deferred compensation or benefits plans for its employees. The accounts shall be revolving funds not subject to fiscal year limitations. Funds deposited in the accounts may be invested in any of the types of instruments in which the State Treasurer is authorized by law to invest.