Oklahoma § 70-3209 - Endowments, gifts, bequests and indirect cost
Full text of Oklahoma Oklahoma Statutes § 70-3209 — Endowments, gifts, bequests and indirect cost, with citation guidance and answers to common questions.
§ 70-3209. Endowments, gifts, bequests and indirect cost
reimbursements.
A. All endowments, gifts, bequests, and indirect cost
reimbursements from sponsored grants and contracts given to, or
received by, any constituent institution, and the income therefrom,
shall belong to and be used only for and by the recipient
institution.
B. The State Regents shall not take into consideration either
the principal or income of paid endowments, gifts and bequests, or
any indirect cost reimbursements from sponsored grants and contracts
in allocating the state-appropriated funds to such constituent
institution, but shall allocate the state-appropriated funds to such
institution as though such funds did not exist.
Amended by Laws 1987, c. 204, § 67, operative July 1, 1987; Laws
1989, c. 281, § 9, operative July 1, 1989.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 70-3209
What does Oklahoma Statutes § 70-3209 cover?
Section 70-3209 ("Endowments, gifts, bequests and indirect cost") is part of the Oklahoma Statutes, the codified statutory law of Oklahoma. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Oklahoma § 70-3209?
A common citation format is "Oklahoma Statutes § 70-3209" (Oklahoma). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Oklahoma law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Oklahoma official source linked on this page or consult a licensed Oklahoma attorney.
How does Oklahoma § 70-3209 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Oklahoma can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Oklahoma.