Okla. Stat. tit. 36, § 36-4606.1
This is the official text of Okla. Stat. tit. 36, § 36-4606.1, part of Oklahoma’s Stat. tit. 36, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 36,." Browse the sections below, each linked to its official government source.
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State-based Exchange Revolving Fund
Official statutory text
A. There is hereby created in the State Treasury a revolving
fund for the Insurance Department, to be designated the "State-based
Exchange Revolving Fund". The fund shall be a continuing fund, not
Oklahoma Statutes - Title 36. Insurance Page 1004
subject to fiscal year limitations, and shall consist of any monies
deposited to the fund for the creation, implementation,
administration, and operation of the State-based Exchange as
authorized in subsection A of Section 1 of this act. All monies
accruing to the credit of the fund are hereby appropriated and may
be budgeted and expended by the Department for the creation,
implementation, administration, and operation of the State-based
Exchange. Warrants for expenditures from the revolving fund shall
be drawn by the State Treasurer, based on claims signed by an
authorized employee or employees of the Insurance Department, and
filed with the Director of the Office of Management and Enterprise
Services.
B. Notwithstanding any law to the contrary, all monies,
including but not limited to user fees, paid to or collected by the
Insurance Commissioner in relation to the State-based Exchange shall
be deposited in the State-based Exchange Revolving Fund. Monies
shall not lapse, unless otherwise specified under federal funding or
federal grant, or a grant or funds from another source, or be
transferred to the State Insurance Commissioner Revolving Fund or
other state funds and shall not be redistributed.
fund for the Insurance Department, to be designated the "State-based
Exchange Revolving Fund". The fund shall be a continuing fund, not
Oklahoma Statutes - Title 36. Insurance Page 1004
subject to fiscal year limitations, and shall consist of any monies
deposited to the fund for the creation, implementation,
administration, and operation of the State-based Exchange as
authorized in subsection A of Section 1 of this act. All monies
accruing to the credit of the fund are hereby appropriated and may
be budgeted and expended by the Department for the creation,
implementation, administration, and operation of the State-based
Exchange. Warrants for expenditures from the revolving fund shall
be drawn by the State Treasurer, based on claims signed by an
authorized employee or employees of the Insurance Department, and
filed with the Director of the Office of Management and Enterprise
Services.
B. Notwithstanding any law to the contrary, all monies,
including but not limited to user fees, paid to or collected by the
Insurance Commissioner in relation to the State-based Exchange shall
be deposited in the State-based Exchange Revolving Fund. Monies
shall not lapse, unless otherwise specified under federal funding or
federal grant, or a grant or funds from another source, or be
transferred to the State Insurance Commissioner Revolving Fund or
other state funds and shall not be redistributed.
Status: in_force · Read it on the official government site
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