Okla. Stat. tit. 70, § 70-5-129.1: Funds exempted from provisions of Section 5-129 of

this title.

Those funds which are collected by programs for student

achievement and by parent-teacher associations and organizations

that are sanctioned by the school district board of education shall

be exempt from the provisions as outlined in Section 5-129 of this

title. Each school district board of education shall adopt policies

providing guidelines for the sanctioning of organizations and

associations exempted or applying to be exempted pursuant to the

provisions of this section. The guidelines may include but not be

limited to examinations of financial and performance audits

performed on each such organization and association.