§70-9008. Elections – Threshold for approval.
If approved by sixty percent (60%) or more of the voters at the election provided for by Section 7 of this act, there shall be created a higher education funding district which shall be governed by the board of regents for the institution within The Oklahoma State System of Higher Education that has managerial control […]
§70-9009. Millage levy – Net assessed value of taxable property.
The millage levied by a higher education funding district shall be applied to the net assessed value of all taxable property located within the district each year in the same manner as provided by law for millage imposed by other ad valorem taxing jurisdictions. The county treasurer shall include the tax due resulting from such […]
§70-9010. Revenues – General fund of institution – Authorized expenditures.
A. All revenues derived from the net assessed value of property located within the boundary of the higher education funding district shall be paid by the county treasurer to the general fund of the eligible institution or to such fund as may be specified by the board of regents for the institution, and the board […]
§70-9011. Bond proceeds – Authorized expenditures – Final authority.
A. Proceeds from bonds or other evidence of indebtedness issued by the higher education funding district may be expended on such assets as authorized by the provisions of the Internal Revenue Code of 1986, as amended, or other provisions of federal or state law based on whether the interest income paid to bondholders is exempt […]
§70-9012. Modification of millage rate – Submission to voters – Petition – Limits.
After the formation of a higher education funding district authorized by this act, the question of modification of an operational millage rate may be submitted to the voters of the district by resolution of the board of regents of the institution within The Oklahoma State System of Higher Education for the benefit of which the […]
§70-9013. Annexation or deannexation of territory – Resolution by board of regents – Petition.
After the formation of a higher education funding district authorized by this act, the question of annexation or deannexation of territory comprising the district may be submitted either by resolution of the board of regents for the institution within The Oklahoma State System of Higher Education for whose benefit the district was created or by […]
§70-6006. Types of advance tuition payment contracts.
A. At a minimum, the Trust shall offer advance tuition payment contracts of the two types set forth in paragraphs 1 and 2 of this subsection to be known as Plan A and Plan B, respectively. 1. Under Plan A: a.a payment or series of payments shall be required from the purchaser on behalf of […]
§70-9005. District boundary map – Assessed value.
A. The board of regents of the eligible institution shall cause a map to be prepared depicting the boundary of the proposed district with the assets constituting the main campus of the institution to be located at some point within such boundary. B. The county assessor of the county or counties within which the district […]
§70-6007. Payments on behalf of beneficiaries – Scholarship refunds.
A. Within thirty (30) days of written notice to the Regents that a qualified beneficiary is enrolled in and attending classes for a given semester, quarter, term, or session, the Regents shall pay to the appropriate institution of higher education the then actual in-state fees on behalf of the qualified beneficiary. B. If a qualified […]
§70-9006. Precinct boundary map – County election board.
The county election board of the county or counties within which the proposed higher education funding district is to be located shall provide a precinct boundary map of the proposed area to the board of regents which has approved the resolution to call for a vote to form and organize a higher education funding district. […]