As used in the Taxpayer Endowment Trust Fund Act:

1. 1. "Appreciation" means any increase in the value of assets held in the Trust Fund;
2. 2. "Board" means the Invest in Oklahoma Board as established in Section 71.1 of Title 62 of the Oklahoma Statutes, or its successor;
3. 3. "Corpus" means the principal of the Trust Fund;
4. 4. "Distributable earnings" means an amount that equals up to four percent (4%) of the immediately preceding five-year average fiscal-year end asset valuation of the Trust Fund, as determined by the Board;
5. 5. "Earnings" means all income derived from the investment of monies in the Trust Fund including but not limited to income, earnings, interest, and investment returns;
6. 6. "Trust Fund" means the Taxpayer Endowment Trust Fund;
7. 7. "Interest" means income earned from the investment of funds in interest-bearing instruments, including but not limited to bonds, notes, and other fixed-income securities; and
8. 8. "Initial deposit" means the first transfer of funds into the Trust Fund as provided by law.

Laws 2026, HB 4072, c. 51, § 2.