Okla. Stat. tit. 10, § 10-640.3: School readiness foundation

A. There is hereby authorized the establishment of a not-for-

profit school readiness foundation to raise funds and to assist in

the implementation of the Oklahoma Partnership for School Readiness

Act and the achievement of the goals of the act.

B. Costs to underwrite implementation of the responsibilities

of the Oklahoma Partnership for School Readiness Board may be borne

from revenues of the foundation.

C. The foundation created pursuant to this section may receive

funds from any public or private source to carry out the purposes of

this act, including, but not limited to, gifts or grants from any

department, agency, or instrumentality of the United States or of

this state for any purpose consistent with the provisions of this

act.

D. Upon proper incorporation, the foundation shall secure tax-

exempt status under the appropriate provision of Section 501(c) of

the Internal Revenue Code, 26 U.S.C., Section 501(c).

E. Any member of the foundation who may have a financial

interest in an action under consideration by the foundation shall

abstain from voting on such matter.