Oklahoma § 64-1078 - Apportionment of income among institutions

§ 64-1078. Apportionment of income among institutions

The State Treasurer shall apportion the income derived from the

"Section Thirteen Fund State Educational Institutions" among the

educational institutions entitled thereto, in accordance with the

division and distribution made in Section 1, of Article 11, Chapter

34, Session Laws of 1907-1908, entitled "An Act to provide for the

division and distribution of the income, rentals, interest, and

proceeds from certain lands among certain educational institutions,

and making appropriations of such fund in pursuance thereof,

designating a name by which such fund shall hereafter be known, and

declaring an emergency"; and shall likewise apportion the income

derived from the "New College Fund" to the educational institutions

entitled thereto, in accordance with Section 1, Article 5, Chapter

28, Session Laws of 1909, entitled "An Act to provide for making

available to various educational institutions the income, interest,

rentals, and proceeds from certain lands, and making appropriations

of such funds; designating a name by which such fund shall hereafter

be known and declaring an emergency". The Director of the Office of

Management and Enterprise Services shall notify the chairman of the

board having control of each of said educational institutions, and

the president of each of said institutions, of the amount

apportioned to it. The amount so apportioned to each educational

institution shall, immediately after each successive apportionment,

become available and are hereby appropriated for the use of the

respective institutions, and shall be paid out in accordance with

the law.

Added by Laws 1913, c. 101, p. 177, § 2. Amended by Laws 1979, c.

47, § 71, emerg. eff. April 9, 1979. Renumbered from § 355 of this

Oklahoma Statutes - Title 64. Public Lands

title by Laws 2010, c. 41, § 130, emerg. eff. April 2, 2010.

Amended by Laws 2012, c. 304, § 527.