A. There is hereby created the "Oklahoma Tuition Trust". The purposes, powers, and duties of the Oklahoma Tuition Trust are vested in and shall be exercised by the Oklahoma State Regents for Higher Education.
B. The Regents may delegate to its chairperson or any other person such functions and authority as the Regents consider necessary or appropriate. These functions may include, but are not limited to, the oversight and supervision of employees of the Regents which implement the Oklahoma Tuition Trust Act.
C. The Regents may create an investment advisory committee. The committee shall be composed of five (5) members appointed by the Regents. The members shall have skill and experience in the business and financial fields. The members shall serve at the pleasure of the Regents. The committee shall make recommendations to the Regents concerning the investment of the monies of the Trust.
Added by Laws 1988, c. 261, § 4, emerg. eff. June 29, 1988.
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