Okla. Stat. tit. 70, § 70-3209: Endowments, gifts, bequests and indirect cost

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.