Oklahoma Administrative Code
Title 610 - State Regents for Higher Education
Chapter 25 - Student Financial Aid and Scholarships
Subchapter 21 - Heartland Scholarship Program
Section 610:25-21-5 - Trust funds
Universal Citation: OK Admin Code 610:25-21-5
Current through Vol. 42, No. 1, September 16, 2024
(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
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