{"data":{"id":"us-ok/okla.-stat.-tit.-70-70-3953","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 70, § 70-3953","heading":"Oklahoma State Regents' Academic Scholars Trust Fund -","body":"Principal - Income and investment return - Administrative expenses.\n\nA. There is hereby created a trust fund to be known as the\n\n\"Oklahoma State Regents' Academic Scholars Trust Fund.\" The\n\nOklahoma State Regents for Higher Education shall be the trustees of\n\nsaid Trust Fund.\n\nB. The State Regents shall utilize said Trust Fund to implement\n\nthe provisions of Sections 4 through 10 of this act.\n\nC. The Trust Fund principal shall consist of monies the\n\nLegislature appropriates or transfers to the Oklahoma State Regents\n\nfor Higher Education for the Trust Fund and any monies or assets\n\ncontributed to the Trust Fund from any other source, public or\n\nprivate.\n\nD. Notwithstanding other provisions of law, income and\n\ninvestment return on Trust Fund principal shall accrue to the Trust\n\nFund for use as provided by authorization of the trustees for the\n\npurposes provided in Sections 4 through 10 of this act. The State\n\nRegents may also utilize the Trust Fund principal for the purposes\n\nprovided in Sections 4 through 10 of this act. No such income or\n\ninvestment return or principal shall be used for administrative\n\nexpenses; expenses incurred by the State Regents in the\n\nadministration of the Trust Fund and of the Oklahoma State Regents\n\nAcademic Scholarship Program established by this act shall be paid\n\nfrom monies appropriated to the State Regents coordinating board for\n\ntheir general operating budget.","path":["OK Code","Title 70"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os70.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"c4cb77e4ceb3a576073b6a1e5301827a12e170b7c47eec870863e90522ba4c2e","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-70-70-3952","next":"us-ok/okla.-stat.-tit.-70-70-3953.1"},"notice":"GroundRules: Original legal text. Not legal advice."}