Oklahoma § 62-57.187 - Appropriation

§ 62-57.187. Appropriation

There is hereby appropriated to the Oklahoma State Regents for

Higher Education from the proceeds of the sale of Series E Bonds,

Section 1, this act, deposited in the State of Oklahoma Building

Bonds of 1968 Fund in the State Treasury the sum of Eighteen Million

Seven Hundred Fifty Thousand Dollars ($18,750,000.00) to be

allocated by the Regents to the constituent institutions comprising

the Oklahoma State System of Higher Education according to the needs

of said institutions for planning and construction, furnishing and

equipping new buildings and for remodeling, modernizing, repairing,

furnishing and equipping existing buildings, and for other capital

additions and improvements. The governing boards of the

Oklahoma Statutes - Title 62. Public Finance

institutions of higher education are authorized to enter into

necessary contracts and exercise supervision of the expenditure of

funds appropriated by this section. It is the intention of the

Legislature that the Regents shall allocate and the governing board

shall utilize the funds so as to gain the maximum available federal

participation consistent with the priorities of need established by

the Regents.

Added by Laws 1974, c. 167, § 7, emerg. eff. May 9, 1974.