Oklahoma § 70-3205 - State Regents - Quarters - Personnel - Employee benefits

§ 70-3205. State Regents - Quarters - Personnel - Employee benefits

- Revolving fund - Disbursements.

(a) The Oklahoma State Regents for Higher Education shall be

furnished suitable permanent quarters by the Oklahoma Capitol

Improvement Authority for which the State Regents shall pay an

appropriate rental charge and shall appoint and fix the duties and

compensation of such personnel as the State Regents deems necessary

to perform its functions and duties. Until such time as space can

be provided by the Oklahoma Capitol Improvement Authority the Office

of Management and Enterprise Services shall provide quarters for the

State Regents without rental charge. The State Regents may

establish and maintain plans for tenure and retirement of its

employees and for payment of deferred compensation of such

employees, and may provide hospital and medical benefits, accident,

health, and life insurance, and annuity contracts for such

employees, and pay for all or part of the cost thereof, with funds

available for payment of its operating expenses.

(b) Monies received by the State Regents for payment of the

cost of maintaining offices, payment of personnel, and other

operating expenses shall be deposited in a special fund in the State

Treasury, to be known as the "Oklahoma State Regents for Higher

Education Revolving Fund". Such fund shall be a continuing fund not

subject to appropriation by the Legislature, and shall be subject to

expenditure by and shall be paid out upon the order of the State

Regents at such times and in such amounts as the State Regents may

direct. Disbursements from such revolving fund shall be by state

warrants issued by the State Treasurer.

Added by Laws 1965, c. 396, § 205, eff. July 1, 1965. Amended by

Laws 1974, c. 307, § 1, emerg. eff. May 29, 1974; Laws 1983, c. 304,

§ 70, eff. July 1, 1983; Laws 2012, c. 304, § 625.