Okla. Admin. Code § 610:25-21-5

Current through Vol. 42, No. 4, November 1, 2024

Section 610:25-21-5 - Trust funds

(a) The Oklahoma State Regents for Higher Education will serve as the Board of Trustees for the Heartland Scholarship Trust and the Heart of the Heartland Scholarship Trust. The Board will invest the trust corpus in a reasonable and prudent manner, subject to further limitations and safeguards provided in existing, applicable State Regents' investment policies.

(b) Both the trust capital and earnings income for the trust funds will accrue to the fund and be used for the scholarship awards.

Added at 12 Ok Reg 3588, eff 7-14-95 (emergency); Added at 13 Ok Reg 3077, eff 7-11-96