Okla. Stat. tit. 70, § 70-2166: Televised instruction system - Cooperative agreements -

Revolving fund - Appropriation.

The Oklahoma State Regents for Higher Education may establish

and maintain as a part of the state system of higher education a

system of televised instruction designed primarily for persons

living in industrial communities remote from campuses of colleges

and universities and for the interchange of classes and teachers

between campuses of the state's public and private colleges and

universities; and may enter into cooperative agreements with federal

agencies, state agencies and public and private educational

institutions and receive, use and administer grants, contributions

and donations of funds and property for such purpose. All such

funds shall be deposited in a revolving fund, which is hereby

created, to be known as the Oklahoma State Regents for Higher

Education Televised Instruction Revolving Fund, which revolving fund

shall be nonfiscal and be used and expended by the State Regents for

the aforesaid purpose. Up to One Million Dollars ($1,000,000.00) of

the funds received by or credited to the account of the State

Regents from investments by the State Treasurer from proceeds of

building bonds as provided by Senate Bill No. 349 and Senate Bill

No. 350 of the First Session of the Thirty-Second Legislature, or

similar funds hereafter provided in legislation vitalizing Section

38, Article X, Oklahoma Constitution, may be used and expended by

the State Regents for the purpose of planning and installing the

televised instruction system. There is also hereby appropriated to

the State Regents from any monies in the General Revenue Fund of the

State Treasury, not otherwise appropriated, the sum of Two Hundred

Thousand Dollars ($200,000.00) for the purpose of establishing,

maintaining and operating the televised instruction system, the sum

so appropriated to be nonfiscal and to be subject to encumbrance at

any time within thirty (30) months after the effective date of this

act.