Okla. Stat. tit. 29, § 29-4-134

A. There is hereby created in the State Treasury a revolving

fund for the Oklahoma Wildlife Conservation Commission to be

designated the "Wildlife Heritage Fund". The fund shall be a

continuing fund, not subject to fiscal year limitations, and shall

consist of all monies received from senior citizen lifetime licenses

issued pursuant to the provisions of paragraphs 4 through 6 of

subsection B of Section 4-114 of this title by the Oklahoma Wildlife

Conservation Commission. The Oklahoma Wildlife Conservation

Commission is hereby authorized to invest all or part of the monies

of said fund in any investment permitted by a written investment

policy adopted by the Wildlife Conservation Commission; provided,

all investments shall be made in accordance with the Oklahoma

Uniform Prudent Investor Act. Any interest or dividends accruing

from such investments shall be deposited in the Wildlife Heritage

Fund. Only interest and dividends derived from the principle can be

expended and are hereby appropriated and may be budgeted and

expended by the Oklahoma Wildlife Conservation Commission for the

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purposes specified in subsection B of this section. Any monies

withdrawn from said fund by the Oklahoma Wildlife Conservation

Commission for investment pursuant to this subsection shall be

deemed to be for the purposes specified in subsection B of this

section. Expenditures from said 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.

B. The Wildlife Heritage Fund shall be used by the Oklahoma

Wildlife Conservation Commission for the acquisition of land on a

willing-seller willing-buyer basis only, leasing of land, and the

taking of easements, and for the development, management, and

enhancement of such lands acquired pursuant to this section for the

following purposes:

1. Management of game animals, protected animals and birds,

furbearing animals, game birds, fish, and their restoration,

propagation, and protection; and

2. Creation and management of public hunting, fishing, and

trapping areas as places where the public may hunt, fish, or trap as

authorized by law.

C. The Oklahoma Wildlife Conservation Commission may accept

private contributions, grants, and donations made for the purposes

of this section. Any monies received pursuant to this subsection

shall be deposited in the Wildlife Heritage Fund created in

subsection A of this section. Any property received pursuant to

this subsection which is not suitable for the purposes of this

section may be sold by the Oklahoma Wildlife Conservation Commission

and the proceeds from such sales shall be deposited in the Wildlife

Heritage Fund created in subsection A of this section.

D. Whenever the Oklahoma Wildlife Conservation Commission

acquires title to land pursuant to this section, the Commission

shall annually make in lieu of tax payments equal to the average ad

valorem tax per acre paid on similar land in that county. Said

payments shall be made to the county treasurer of the county in

which the land is located to be distributed by said county treasurer

in the manner provided for by law for ad valorem tax payments.