§ 34.78. Higher educational institution claim settlement systems
Oklahoma Statutes AnnotatedTitle 62. Public Finance
62 Okl.St.Ann. § 34.78
§ 34.78. Higher educational institution claim settlement systems
A. The Oklahoma State Regents for Higher Education and the Director of the Office of Management and Enterprise Services shall jointly establish a system for the settlement of claims, except for payroll, by institutions of The Oklahoma State System of Higher Education. The settlement system shall include policy, procedures, and performance criteria for participation. The State Regents may approve or disapprove the participation of any institution or other entity of the State System in the claims settlement system.
B. The Department of Education and the Oklahoma Department of Career and Technology Education may establish a preaudit and settlement system for claims and/or payments of state-funded assistance to school districts and institutions within The Oklahoma State System of Higher Education. The payment system shall be neutral as to interest income to the state and the school districts.
Credits
Laws 2009, c. 441, § 55, eff. July 1, 2009; Laws 2012, c. 304, § 399.
62 Okl. St. Ann. § 34.78, OK ST T. 62 § 34.78
Current with emergency effective legislation through Chapter 257 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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