Oklahoma § 70-6012 - Unauthorized loans and other transfers - Ceiling on
Full text of Oklahoma Oklahoma Statutes § 70-6012 — Unauthorized loans and other transfers - Ceiling on, with citation guidance and answers to common questions.
§ 70-6012. Unauthorized loans and other transfers - Ceiling on
tuition aid grants.
A. Except as provided in subsection B of this section, the
assets of the Trust shall be preserved, invested, and expended
solely pursuant to and for the purposes set forth in the Oklahoma
Tuition Trust Act and shall not be loaned or otherwise transferred
or used by the state for any purpose other than the purposes of the
Oklahoma Tuition Trust Act. This section shall not be construed to
prohibit the Trust from investing in, by purchase or otherwise,
bonds, notes, or other obligations of the state, an agency of the
state, or an instrumentality of the state.
B. Not less than three percent (3%) nor more than ten percent
(10%), as determined by the Regents, of the interest income
generated by the investment of the assets of the Oklahoma College
Tuition Trust Fund shall be used for the purpose of making tuition
aid grants pursuant to the Oklahoma Higher Education Tuition Aid
Act.
Oklahoma Statutes - Title 70. Schools
Added by Laws 1988, c. 261, § 13, emerg. eff. June 29, 1988.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 70-6012
What does Oklahoma Statutes § 70-6012 cover?
Section 70-6012 ("Unauthorized loans and other transfers - Ceiling on") 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 § 70-6012?
A common citation format is "Oklahoma Statutes § 70-6012" (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 § 70-6012 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.