Section 9103 - [See Note] Not-for-profit foundationA. There is hereby authorized the establishment of a not-for-profit foundation to raise funds for the Mental Wellness Division Revolving Fund, created in Section 2 of this act, and the achievement of the goals of this act.B. The foundation created pursuant to this section may receive funds from any public or private source to carry out the purposes of this act including, but not limited to, gifts or grants from any department, agency, or instrumentality of the United States or of this state for any purpose consistent with the provisions of this act.C. Upon proper incorporation, the foundation shall secure taxexempt status under the appropriate provision of Section 501(c) of the Internal Revenue Code, 26 U.S.C., Section 501(c).D. Any member of the foundation who may have a financial interest in an action under consideration by the foundation shall abstain from voting on such matter.Okla. Stat. tit. 74, § 9103
Added by Laws 2022 , c. 165, s. 3, eff. in accordance with the provisions of Section 58 of Article V of the Oklahoma Constitution.