of Oklahoma – Establishment – Funding. A. The Oklahoma State Legislature requests the Board of Regents at the University of Oklahoma to establish a cancer treatment and research program under the administrative direction of the Provost for the Health Sciences Centers in Oklahoma City and Tulsa. The program should provide statewide leadership in cancer research, prevention and information, and treatment and seek to gain national recognition for excellence in the fight against cancer by being named as a comprehensive cancer center by the National Cancer Institute. B. 1. The Board of Regents for the University of Oklahoma may create a not-for-profit corporation to raise funds and name a board of directors for the corporation to assist in the development of the cancer treatment and research program requested by this act. 2. The board of directors of the corporation authorized in paragraph 1 of this subsection may select a name for the corporation. The board shall choose its own chairperson. C. After proper incorporation, the not-for-profit corporation shall apply for tax-exempt status under Section 501(c)(3) of the Internal Revenue Code (26 U.S.C., Section 501(c)(3)).
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