SECTION 610:20-1-4. Report on activities supported by Endowment Fund

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Each participating institution shall submit reports as requested to the State Regents in which the investments of the matching funds, earned interest income (including capital gains and losses) and the costs of managing the investments are presented in detail. The report shall also include a full accounting of the expenditures of earnings of both the public monies and the private matching monies. Diminution of the original private matching amount may, at the discretion of the State Regents, constitute a forfeiture of the Regents' Endowment Funds which the institutional monies were to match.

[Source: Amended at 27 Ok Reg 1276, eff 5-27-10]

                    
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