Okla. Admin. Code § 650:45-3-3

Current through Vol. 42, No. 8, January 2, 2025

Section 650:45-3-3 - OIT Trust Fund Board of Trustees

(a)Composition. The OIT Trust Fund is administered by the Board of Trustees of the Oklahoma Institute of Technology Trust Fund ("Trustees"). The Trustees shall consist of seven members of the OSTRaD Board who are the presidents of Oklahoma State University, the University of Oklahoma, and the private university offering graduate engineering degrees and the four chief executive officers or senior executive officers of corporations or foundations.

(b)Chair. The Chair shall be elected from among the four chief executive or senior executive officers. The Chair shall serve a one year term.

(c)Additional members. The Board of Trustees may by unanimous vote expand the number of trustees at any time. No more than three added members may serve concurrently. The added members must be representatives of industries that have supported the OIT, shall have full voting rights, and shall serve four-year terms. [74 O.S. Supp. 2002, § 5060.30].

(d)Meetings. The Board of Trustees shall meet upon call by the Chair or upon written request by a majority of the Trustees or upon call of the chief executive officer of the OIT.

Okla. Admin. Code § 650:45-3-3

Added at 21 Ok Reg 3177, eff 9-11-04