{"data":{"id":"us-ok/okla.-stat.-tit.-70-70-9010","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 70, § 70-9010","heading":"Revenues – General fund of institution – Authorized","body":"expenditures.\n\nA. All revenues derived from the net assessed value of property\n\nlocated within the boundary of the higher education funding district\n\nshall be paid by the county treasurer to the general fund of the\n\neligible institution or to such fund as may be specified by the\n\nboard of regents for the institution, and the board of regents for\n\nthe institution shall be authorized to expend such revenues in\n\nsupport of the operational expenses of the institution, including,\n\nwithout limitation, employee salaries, employee benefits, including\n\nretirement benefits and health care benefits, federal or state\n\nincome or withholding taxes or related payroll taxes, utility costs,\n\ninsurance expenses, books, electronic instructional materials,\n\nsupplies for classrooms, upkeep of grounds and landscaping,\n\nmaintenance of physical plants such as heating and air conditioning\n\nunits, acquisition and maintenance of motor vehicles and such other\n\nexpenditures as may be approved by the board of regents pursuant to\n\nsuch standards and procedures as the board of regents may establish.\n\nB. None of the revenues derived from any millage rate imposed\n\nwithin the boundary of a higher education funding district may be\n\nused by an institution within The Oklahoma State System of Higher\n\nEducation to compete with the services or programs offered by any\n\nexisting career technology district which is either contiguous to\n\nthe boundary of the higher education funding district or located in\n\nsufficiently close proximity to the higher education funding\n\ndistrict that the programs or services offered by such career\n\ntechnology district would be duplicated or adversely impacted by the\n\nexpenditure of funds by the institution which causes the formation\n\nof the higher education funding district pursuant to the provisions\n\nof this act.\n\nC. The Oklahoma State Regents for Higher Education shall not\n\ntake into consideration revenues derived from any millage levy\n\nimposed pursuant to the provisions of the Higher Education\n\nInstitution Local Funding Act when allocating state-appropriated\n\nfunds for support of the institution which established a higher\n\neducation funding district pursuant to the provisions of this act.","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":"71cf0133f4dd09828eee2317bfb20c8ea1210aea0118aa869ea3ef7b3a6e91bb","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-70-70-9009","next":"us-ok/okla.-stat.-tit.-70-70-9011"},"notice":"GroundRules: Original legal text. Not legal advice."}