Okla. Stat. tit. 70, § 70-628.7: Student Educational Assistance Fund

The sum of One Hundred Thousand Dollars ($100,000.00) of the

appropriation made by the Legislature in House Bill No. 1124 of the

lst Session of the 33rd Oklahoma Legislature shall be allocated to

the Student Educational Assistance Fund provided for in Sections 1

and 2, Chapter 482, O.S.L. 1965, as amended by Section 1, Chapter 3,

O.S.L. 1967 (70 O.S. Supp. 1970, Sections 622 and 623), and be

utilized in carrying out the provisions of this act as amended, and

the State Regents shall allocate, hold, maintain and administer

funds so appropriated under the same regulations and procedures as

are followed in administering the federally guaranteed Student Loan

Program.