Okla. Stat. tit. 70, § 70-628.2: Study of income received for revolving funds

The State Regents should make a thorough study of the income

received for the revolving fund of each institution and other budget

agency to determine that all educational budget income, as defined

by the law creating the revolving fund, the State Budget Law, and

the manual of the National Committee on Standard Reports, is being

collected and deposited by each institution into the revolving fund

of the State Treasury as provided by law; but, in keeping with the

definition of "revolving fund" recommended in the Second Annual

Report of the Oklahoma Commission on Education, income from gifts,

research grants and contracts which is deposited for the revolving

fund of any institution shall not be considered by the Oklahoma

State Regents for Higher Education in determining the allocation of

state appropriated funds to each institution.