§74-5012. Oklahoma Department of Commerce Revolving Fund.
226 words·~1 min read·
/ok/title-74-state-government/74-5012·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A. There is hereby created the "Oklahoma Department of Commerce Revolving Fund". The fund shall consist of all monies, other than appropriated monies, received by the Department which are not directed to be placed into another fund. The fund shall be a continuing fund not subject to fiscal year limitations and shall be subject to the administrative direction of the Oklahoma Department of Commerce. Expenditures from the fund shall be made upon warrants issued by the State Treasurer against claims submitted to the Director of the Office of Management and Enterprise Services.
Monies in the fund may be expended for the operating expenses of the Department and shall be made pursuant to the laws of this state.
B. On July 1, 1986, any unallotted cash balance in the funds created in Sections 678 and 2008 of this title shall be transferred to the Oklahoma Department of Commerce Revolving Fund. All outstanding financial obligations and encumbrances of the funds created in Sections 678 and 2008 of this title are hereby transferred to the Oklahoma Department of Commerce. After November 15, 1986, any unexpended balance in the funds created in Sections 678 and 2008 of this title shall be transferred to the Oklahoma Department of Commerce Revolving Fund. Added by Laws 1986, c. 207, § 18, operative July 1, 1986. Amended by Laws 2012, c. 304, § 1027.