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2017 Oklahoma Statutes
Title 70. Schools
§70-3906. Standard guidelines and criteria for accounts, funds and expenditures - Accrual of interest income.
Universal Citation: 70 OK Stat § 70-3906 (2017)
A. It is the intent of the Legislature that the Oklahoma State Regents for Higher Education establish uniform standard guidelines and criteria for all institutions of The Oklahoma State System of Higher Education for all special accounts, special agency accounts, or any other funds and for expenditures from such funds and accounts.
B. Interest income from investments of monies in special accounts and special agency accounts made through the Office of the State Treasurer shall accrue to the fund from which the investment was made.
Added by Laws 1987, c. 229, § 2, eff. July 1, 1987. Amended by Laws 1990, c. 263, § 96, operative July 1, 1990.
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