reglab/housing_qa huggingface dataset:
70 OK Stat § 70-695.7 (2021)
2021 Oklahoma Statutes|Title 70. Schools|§70-695.7. Accumulation of loan applications - Disbursal of funds - Interest - Default - Institutional representative.

|A. The Authority shall accumulate individual loan applications from the several participating institutions and shall submit these applications to the appropriate federally approved guarantor for approval and insurance. The Authority may fix deadlines for the receipt of applications relative to each academic term. |B. The Authority may disburse to each of the participating institutions funds sufficient only to enable payments to those participating students whose loans have been approved and insured. Any funds not so disbursed shall be returned to the Authority by the participating institution. The Authority may also disburse loan funds directly to participating students and through institutional officials.C. The Authority shall collect interest payments and interest subsidies paid on behalf of the qualified person by the United States and shall also collect all interest and principal payments made by the student under the terms of his obligation to the Student Loan Fund. When any person who has received a loan fails to make payments due in accordance with an executed note, the Authority may declare the full amount of remaining principal and interest due and payable immediately. In the event of default of payment, the Authority shall undertake collection and, in the event of failure to collect after such reasonable efforts as are prescribed by federal regulations, shall file a claim for payment under the terms of the federal insurance.D. The Authority is authorized to designate the president of each participating institution, or an official of the institution designated by the president, as a representative for the purpose of facilitating and processing loan applications, disbursement and delivery of loan funds to participating students and the receipt of executed notes and payments thereon by participating students. The Authority may promulgate such rules and regulations as shall be deemed necessary and proper to carry out the duties imposed upon the Authority and any institutional representative under the provisions of the Oklahoma Student Loan Act.Amended by Laws 1987, c. 81, § 5, operative July 1, 1987.
70 OK Stat § 70-695.9 (2021)
2021 Oklahoma Statutes|Title 70. Schools|§70-695.9. Oklahoma Student Loan Bonds - Oklahoma Student Loan Notes.

|Upon determination that a need exists under the Oklahoma Student Loan Act, the Authority shall by resolution provide for the issuance of negotiable revenue bonds called the "Oklahoma Student Loan Bonds" or the issuance of notes called the "Oklahoma Student Loan Notes", or both. The bonds of each issue shall be dated and bear interest as prescribed by the Authority. The bonds shall mature serially or otherwise not later than thirty (30) years from their date and may be redeemable before maturity at the option of the Authority at prices and under terms and conditions fixed by the Authority in its resolution providing for the issuance of the bonds. The resolution shall also determine the form of the bonds, including the form of any interest coupon to be attached thereto, and shall fix the denominations of the bonds and the place of the payment of the principal and interest thereon. The bonds shall be executed on behalf of the Authority payable only from the funds specified in the Oklahoma Student Loan Act, and shall not be payable from funds received or to be received from taxation. The bonds shall be signed by the chairman and the secretary of the Authority in accordance with the Uniform Facsimile Signature of Public Officials Act. Interest coupons shall bear the facsimile signature of the secretary of the Authority. If any officer whose manual or facsimile signature appears on any bond or coupon ceases to be an officer before delivery of the bonds, the signature is valid as if he had remained in office until the delivery had been made. The resolution may provide for registration of the bonds as to ownership and for successive conversion and reconversion from registered to bearer bonds and vice versa. Before any bonds are delivered to the purchasers, the record pertaining thereto shall be examined by the Attorney General, and the record and bonds shall be approved by him. After approval, the bonds shall be registered with the Authority. After approval and delivery to the purchasers, the bonds shall constitute obligations of the Authority, and are negotiable instruments under the laws of the state. The bonds may be sold at public or private sale by the Authority at prices and in accordance with procedures and terms it determines to be advantageous and reasonably obtainable. The Authority may provide for replacement of any bond which may be mutilated or destroyed. |Neither the bonds issued under this act nor any loans made pursuant hereto shall be guaranteed by the State of Oklahoma, and the state shall not place the full faith and credit under obligation under the terms of this act.Added by Laws 1972, c. 125, § 9, emerg. eff. April 6, 1972. Amended by Laws 1987, c. 81, § 6, operative July 1, 1987; Laws 1992, c. 278, § 2, eff. July 1, 1992; Laws 1995, c. 305, § 21, eff. July 1, 1995.
70 OK Stat § 70-695.10 (2021)
2021 Oklahoma Statutes|Title 70. Schools|§70-695.10. Refunding bonds.

|The Authority may, by resolution, provide for the issuance of refunding bonds to refund any outstanding bonds issued under the Oklahoma Student Loan Act, together with accrued interest thereon. Provisions governing the issuance and sale of bonds under the Oklahoma Student Loan Act govern the issuance and sale of refunding bonds insofar as applicable. Refunding bonds may be exchanged for the outstanding bonds or may be sold and the proceeds used to retire the outstanding bonds. |Laws 1972, c. 125, § 10, emerg. eff. April 6, 1972.
70 OK Stat § 70-695.11 (2021)
2021 Oklahoma Statutes|Title 70. Schools|§70-695.11. Deposit of proceeds from bond sales.

|All proceeds from the sale of bonds under the Oklahoma Student Loan Act, except amounts set aside as reserves and the expenses of selling the bonds and other essential administrative costs, which may also be paid from the proceeds, shall be deposited to the credit of the Student Loan Fund. |Laws 1972, c. 125, § 11, emerg. eff. April 6, 1972.
70 OK Stat § 70-695.12 (2021)
2021 Oklahoma Statutes|Title 70. Schools|§70-695.12. Repayments to Student Loan Sinking Fund.

|All money received by the Oklahoma Student Loan Authority as repayment of student loans granted under the Oklahoma Student Loan Act and interest on the loans shall be credited to the "Student Loan Sinking Fund" of the Authority. The resolution authorizing the issuance of the bonds may provide for deposit from bond proceeds of not to exceed twenty-four (24) months' interest, and may provide for use of bond proceeds as a reserve for the payment of principal and interest on the bonds. The Authority shall pay or cause to be paid from the "Student Loan Sinking Fund" the principal and interest on the bonds as they mature and come due. |Amended by Laws 1987, c. 81, § 7, operative July 1, 1987.
70 OK Stat § 70-695.13 (2021)
2021 Oklahoma Statutes|Title 70. Schools|§70-695.13. Investment of monies.

|A. Money in the "Student Loan Sinking Fund" and money in the Student Loan Fund in excess of the amount necessary for student loans may be invested by the Authority in: |1. Direct obligations of or obligations whose principal and interest are guaranteed by the United States;2. Direct obligations of or participation certificates guaranteed by the federal intermediate credit bank, federal land banks, Federal National Mortgage Association, federal home loan banks or banks for cooperatives;3. Certificates of deposit of any bank or trust company whose deposits are fully secured by a pledge of securities of any kind specified in this subsection; and4. Bonds of the state or its political subdivisions.B. Money in the "Student Loan Sinking Fund" may be invested only in obligations which are scheduled to mature prior to the date the money must be available for its intended purpose.C. All investments under this section may be sold at the prevailing market price. Income from these investments shall be credited to the "Student Loan Sinking Fund."Laws 1972, c. 125, § 13, emerg. eff. April 6, 1972.
70 OK Stat § 70-695.14 (2021)
2021 Oklahoma Statutes|Title 70. Schools|§70-695.14. Annual audits of accounts.

|Accounts of the Authority shall be audited annually by the State Auditor and Inspector or by a certified public accountant designated by the Authority. |Laws 1972, c. 125, § 14, emerg. eff. April 6, 1972; Laws 1979, c. 30, § 134, emerg. eff. April 6, 1979.
70 OK Stat § 70-695.15 (2021)
2021 Oklahoma Statutes|Title 70. Schools|§70-695.15. Authority of Governor.

|The Governor of Oklahoma is hereby authorized to certify that the State of Oklahoma agrees and undertakes to carry out the provisions of this act. |Added by Laws 1972, c. 125, § 15, emerg. eff. April 6, 1972.
70 OK Stat § 70-695.16 (2021)
2021 Oklahoma Statutes|Title 70. Schools|§70-695.16. Rules and regulations.

|Notwithstanding any provisions of this act, the Authority may adopt such rules and regulations as they deem necessary in order to comply with federal laws and regulations governing the Federally Insured Student Loan Program. |Laws 1972, c. 125, § 16, emerg. eff. April 6, 1972.
70 OK Stat § 70-695.17 (2021)
2021 Oklahoma Statutes|Title 70. Schools|§70-695.17. Authority to make loans.

|The Oklahoma Student Loan Authority and the Oklahoma State Regents for Higher Education functioning as the fiscal agent for the Authority in the administration of the Oklahoma Student Loan Act (Chapter 125, Oklahoma Session Laws 1972; 70 O.S. Supp. 1975, Sections 695.1 to 695.16) shall have authority to make loans to qualified students under provisions of said act if the loans are insured or coinsured by the United States under either Title IV-A or Title IV-B of the Higher Education Act of 1965, as amended. |Added by Laws 1976, S.J.R. No. 69, p. 610, § 1, emerg. eff. May 4, 1976.
70 OK Stat § 70-695.19 (2021)
2021 Oklahoma Statutes|Title 70. Schools|§70-695.19. Transfer of records, files, equipment and other property of Oklahoma Student Loan Program.

|All records, files, equipment and other property associated with the operation of the fiscal agency, also known as the Oklahoma Student Loan Program (OSLP), shall be and are hereby transferred to the Oklahoma Student Loan Authority. |Added by Laws 1987, c. 81, § 9, operative July 1, 1987.
70 OK Stat § 70-695.20 (2021)
2021 Oklahoma Statutes|Title 70. Schools|§70-695.20. Special audits - Filing of report.

|The State Auditor and Inspector shall perform a special audit on the Oklahoma Student Loan Authority during the fiscal year beginning July 1, 1992, and at least once each five (5) years thereafter. The State Auditor and Inspector shall have the power to take custody of any records necessary to the performance of the audit but shall minimize actual physical removal of or denial of access to such records. At the conclusion of the audit, the State Auditor and Inspector shall meet with the chief executive officer and the audit committee of the board of trustees of the Authority to review the audit report to be issued. The report, when issued, shall include any responses to the audit which the chief executive officer or the audit committee wishes to have included. The State Auditor and Inspector shall file the report with the Governor, the President Pro Tempore of the Senate, the Speaker of the House of Representatives, the chairs of the Education Committees of the Senate and the House of Representatives, and the Oklahoma State Regents for Higher Education. The costs of the audit shall be borne by the Authority. |Added by Laws 1992, c. 188, § 1, eff. July 1, 1992.
70 OK Stat § 70-695.21 (2021)
2021 Oklahoma Statutes|Title 70. Schools|§70-695.21. Annual budget.

|On or before June 30 of each year the Oklahoma Student Loan Authority shall submit a budget for the next fiscal year to the Governor, President Pro Tempore of the Senate, and the Speaker of the House of Representatives. The budget shall include amounts to be spent on administration as well as amounts to be allocated for loans. |Added by Laws 1992, c. 188, § 2, eff. July 1, 1992.
70 OK Stat § 70-697.1 (2021)
2021 Oklahoma Statutes|Title 70. Schools|§70-697.1. Legislative intent.

|The Legislature recognizes that there is a need to upgrade the availability of health care services for people of Oklahoma, and thus, there is a need to improve the balance of physician manpower distribution in the state both by type of practice and by geographic location. Furthermore, the Legislature recognizes the need to accomodate the increasing number of graduates from the medical and osteopathic colleges of Oklahoma by retaining their services as practicing physicians in the state and by attracting graduates from schools outside the state. Therefore, it is the intent of the Legislature to increase the number of internship and residency programs offered for the training of physicians throughout the state through the sharing by the state of the costs of such internships and residencies with hospitals and other clinical residency training establishments. These programs shall be designed primarily to emphasize the training of primary health care and family practice physicians and to develop manpower programs to service directly the rural and nonmetropolitan areas of the state. |Laws 1975, c. 271, § 1, emerg. eff. June 5, 1975.
70 OK Stat § 70-697.3 (2021)
2021 Oklahoma Statutes|Title 70. Schools|§70-697.3. Membership of Commission - Travel expenses.

|The Physician Manpower Training Commission shall be composed of seven (7) members appointed by the Governor with the advice and consent of the Senate. Upon the expiration of the term of one of the nonphysician members, three members shall be practicing allopathic physicians, three shall be practicing osteopathic physicians and one shall not be a physician. The membership shall be appointed from diverse geographic areas of the state. No board member serving on November 1, 2001, shall be removed from the board to satisfy the requirements of this section, but appointments to fill vacancies subsequent to November 1, 2001, shall be subject to the requirements of this section. Three members of the Commission shall be appointed for one-year terms, two members shall be appointed for three-year terms and two members shall be appointed for five-year terms, and at the expiration of the initial terms, succeeding terms of office shall be five (5) years in duration. There shall be also twelve additional nonvoting ex officio members of the Commission who shall serve in an advisory capacity only and include the Dean of the University of Oklahoma College of Medicine or designee, the Dean of the University of Oklahoma College of Medicine - Tulsa or designee, the Chair of the Department of Family Medicine of the University of Oklahoma Health Sciences Center or designee, the Chair of the Department of Family Practice of the University of Oklahoma College of Medicine - Tulsa or designee, the Chair of the Department of General Practice of the Oklahoma College of Osteopathic Medicine and Surgery or designee, the President of the Oklahoma Academy of Family Physicians or designee, the President of the Oklahoma State Medical Association or designee, the President of the Oklahoma State Osteopathic Association or designee, the President of the Oklahoma Hospital Association or designee, the State Commissioner of Health or designee, the Provost of the University of Oklahoma Health Sciences Center or designee, and the Dean of the Oklahoma College of Osteopathic Medicine and Surgery or designee. Members of the Commission shall serve without salary, but may be reimbursed for travel expenses in attending meetings and performing their duties pursuant to the State Travel Reimbursement Act, Section 500.1 et seq. of Title 74 of the Oklahoma Statutes. |Added by Laws 1975, c. 271, § 3, emerg. eff. June 5, 1975. Amended by Laws 1977, c. 220, § 5, emerg. eff. June 14, 1977; Laws 1982, c. 330, § 1, emerg. eff. June 1, 1982; Laws 1983, c. 313, § 12, operative July 1, 1983; Laws 1984, c. 260, § 14, operative July 1, 1984; Laws 1985, c. 178, § 58, operative July 1, 1985; Laws 1988, c. 326, § 35, emerg. eff. July 13, 1988; Laws 1989, c. 227, § 37, operative July 1, 1989; Laws 2001, c. 127, § 1, eff. Nov. 1, 2001; Laws 2020, c. 67, § 3, eff. July 1, 2020.
70 OK Stat § 70-697.4 (2021)
2021 Oklahoma Statutes|Title 70. Schools|§70-697.4. Chairman and vice-chairman - Meetings - Quorum.

|The members of the Commission shall elect annually by a simple majority of the total members present at a regular meeting, a member to serve as chairman and a member to serve as vice-chairman. The chairman shall preside at all meetings of the Commission and shall have the power to call meetings of the Commission with proper notice. The vice-chairman shall perform these functions in the absence or incapacity of the chairman. A quorum shall consist of a simple majority of the total membership of the Commission. A quorum shall be necessary to conduct any official business. |Laws 1975, c. 271, § 4, emerg. eff. June 5, 1975.
70 OK Stat § 70-697.6 (2021)
2021 Oklahoma Statutes|Title 70. Schools|§70-697.6. Allocation of funds.

|Funds appropriated to carry out the provisions of this act shall be allocated so that no less than forty percent (40%) of all participating residents and interns in each school year must participate in a rural program outside the Oklahoma City and Tulsa metropolitan areas. The Physician Manpower Training Commission, in accordance with primary care specialty accreditation standards, shall promulgate and adopt rules designating the time allocation spent by the residents and interns participating in this program outside the Oklahoma City and Tulsa metropolitan areas. |Laws 1975, c. 271, § 6, emerg. eff. June 5, 1975; Laws 1977, c. 220, § 6, emerg. eff. June 14, 1977; Laws 1979, c. 250, § 2; Laws 1982, c. 330, § 2, emerg. eff. June 1, 1982; Laws 1994, c. 36, § 1, eff. July 1, 1994.
70 OK Stat § 70-697.7 (2021)
2021 Oklahoma Statutes|Title 70. Schools|§70-697.7. Contractual arrangement with medical programs - Residency Revolving Fund.

|The Physician Manpower Training Commission is hereby authorized to enter into contractual arrangements with residency training programs at the University of Oklahoma College of Medicine, University of Oklahoma-Tulsa Medical College, or the Oklahoma College of Osteopathic Medicine and Surgery, in order to enhance available funding for the training of primary care residents and to pay the cost of the salary stipend and expenses of the resident physician for the period of time spent in the residency programs. Monies received by the Commission from the participating residency training program under the provisions of this section shall be deposited to, and disbursed from, the "Residency Revolving Fund" hereby created in the State Treasury. The fund shall be a continuing fund not subject to legislative appropriation or fiscal year limitations. Expenditures from the fund shall be made on warrants issued by the State Treasurer against claims filed by the Commission with the Director of the Office of Management and Enterprise Services for approval and payment. |Added by Laws 1975, c. 271, § 7, emerg. eff. June 5, 1975. Amended by Laws 1976, c. 212, § 12, emerg. eff. June 7, 1976; Laws 1979, c. 47, § 77, emerg. eff. April 9, 1979; Laws 2011, c. 310, § 1; Laws 2012, c. 304, § 615.
70 OK Stat § 70-697.8 (2021)
2021 Oklahoma Statutes|Title 70. Schools|§70-697.8. Contracts with residents - Community Residency Revolving Fund.

|A community may enter into a contract with a resident physician in training whereby the resident agrees to establish a practice in the community upon the completion of his residency. The Physician Manpower Training Commission shall have the authority to receive funds direct from that community for the purpose of paying the resident involved to the extent of the contractual arrangements. Monies received by the Commission under the provisions of this section shall be deposited to, and disbursed from, the "Community Residency Revolving Fund" hereby created in the State Treasury. The fund shall be a continuing fund not subject to legislative appropriation or fiscal year limitations. Expenditures from said fund shall be made on warrants issued by the State Treasurer against claims filed by the Commission with the Director of the Office of Management and Enterprise Services for approval and payment. |Added by Laws 1975, c. 271, § 8, emerg. eff. June 5, 1975. Amended by Laws 1979, c. 47, § 78, emerg. eff. April 9, 1979; Laws 2012, c. 304, § 616.
70 OK Stat § 70-697.9 (2021)
2021 Oklahoma Statutes|Title 70. Schools|§70-697.9. Community Preceptor Physician Training and Work Experience Scholarship Fund

|There is hereby created and established the Community Preceptor Physician Training and Work Experience Scholarship Fund which fund shall be administered by the Physician Manpower Training Commission for the purpose of providing state matching funds assistance and encouraging the development of a program whereby the state in conjunction with given communities, hospitals or clinical training situations funds the stipends and living expenses for medical students who agree to work in these given communities during the vacation times during the course of their education in the University of Oklahoma College of Medicine or the Oklahoma College of Osteopathic Medicine and Surgery. The Commission shall develop procedures for determining the matching funds participation of communities and of the state for a given student and coordinate with the physician training institutions in the state for the selection of students to participate in the program and the selection of physicians who will supervise students and hospitals and clinical situations in which the training and experience occurs in the delivery of primary health care to rural and medically underserved areas with the purpose of providing medical and osteopathic students an opportunity to develop relationships with communities and encourage them to locate their practices in areas of medical need. |Laws 1976, c. 212, § 7, emerg. eff. June 7, 1976.