Oklahoma § 70-4412 - State aid for building purposes

§ 70-4412. State aid for building purposes

The Oklahoma State Regents for Higher Education shall have

authority to allocate state aid to community junior colleges meeting

the standards and criteria for accreditation by the State Regents,

for capital improvements purposes from funds appropriated by the

Oklahoma Statutes - Title 70. Schools

State Legislature for this purpose, provided that a long-range

comprehensive plan for the campus development of the junior college

has been prepared by the institution and approved by the State

Regents. After approval of the plan the State Regents may allocate

from any funds available for such purpose not more than forty

percent (40%) of the estimated cost of proposed construction of

buildings and other capital improvements, provided that the

institution shall have furnished assurance to the State Regents that

the remaining sixty percent (60%) of the estimated cost of the

construction project will be provided in the form of federal and/or

local funds.

Laws 1968, c. 278, § 3.