§64-1009. Commissioners of the Land Office Fund - Deposit of funds
225 words·~1 min read·
/ok/title-64-public-lands/64-1009·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
- Use of funds.
A. There is hereby created in the State Treasury a fund to be designated the Commissioners of the Land Office Fund. The fund shall be subject to legislative appropriations and certification by the Board of Equalization. The fund shall consist of revenues deposited to the fund pursuant to subsection B of this section and other revenues deposited to the fund by law. The fund shall be a continuing fund, not subject to fiscal year limitations.
B. Beginning July 1, 1992, the Commissioners of the Land Office shall deposit six percent (6%) of the revenue generated from the Common School Fund, the Education Institutions Fund, the University of Oklahoma Fund, the University Preparatory School Fund, the Oklahoma State University Fund, the Normal Schools Fund, the Langston University Fund, the Public Building Fund, and the Greer 33 Fund to the credit of the Commissioners of the Land Office Fund.
C. Funds in the Commissioners of the Land Office Fund shall be used exclusively for carrying out the duties of the Commissioners of the Land Office as the law may prescribe. Added by Laws 1992, c. 324, § 2, eff. July 1, 1992. Amended by Laws 1997, c. 118, § 1, eff. July 1, 1997. Renumbered from § 15 of this title by Laws 2010, c. 41, § 61, emerg. eff. April 2, 2010.