§70-6-132. Oklahoma Teacher Recruitment Revolving Fund.
205 words·~1 min read·
/ok/title-70-schools/70-6-132·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A. Twenty Dollars ($20.00) of the fee authorized by Section 1 of Enrolled Senate Bill No. 14 of the 1st Session of the 56th
Oklahoma Legislature, for Oklahoma License to Educate license plates shall be deposited to the Oklahoma Teacher Recruitment Revolving Fund created in subsection B of this section.
B. There is hereby created in the State Treasury a revolving fund for the State Department of Education to be designated the "Oklahoma Teacher Recruitment Revolving Fund". The fund shall be a continuing fund, not subject to fiscal year limitations, and shall consist of all monies received by the State Department of Education pursuant to the provisions of subsection A of this section and any donations, grants and gifts from any public or private source. All monies accruing to the credit of the fund are hereby appropriated and may be budgeted and expended by the State Department of Education for the purpose of operating teacher recruitment programs.
Expenditures from the fund shall be made upon warrants issued by the State Treasurer against claims filed as prescribed by law with the Director of the Office of Management and Enterprise Services for approval and payment. Added by Laws 2017, c. 149, § 2, eff. July 1, 2017.