Okla. Stat. tit. 36, § 36-976
This is the official text of Okla. Stat. tit. 36, § 36-976, 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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Strengthen Oklahoma Homes 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 "Strengthen
Oklahoma Homes Revolving Fund". The fund shall be a continuing
fund, not subject to fiscal year limitations, and shall consist of
any monies deposited to the fund from the receipt of federal grants
or funds or from other sources of grants or funds. All monies
accruing to the credit of the fund are hereby appropriated and may
be budgeted and expended by the Department for the purpose of
assisting the Strengthen Oklahoma Homes (SOH) Program in performing
all acts that relate to the function and purpose of the SOH Program.
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. Monies collected pursuant to this act shall be deposited in
the Strengthen Oklahoma Homes 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.
C. Notwithstanding any other provision of law, the Insurance
Commissioner may transfer from the State Insurance Commissioner
Revolving Fund to the Strengthen Oklahoma Homes Revolving Fund up to
fifty percent (50%), but in an amount not to exceed Ten Million
Dollars ($10,000,000.00), of the balance remaining in the State
Oklahoma Statutes - Title 36. Insurance Page 228
Insurance Commissioner Revolving Fund at the end of each fiscal year
beginning with the fiscal year ending on June 30, 2024.
fund for the Insurance Department, to be designated the "Strengthen
Oklahoma Homes Revolving Fund". The fund shall be a continuing
fund, not subject to fiscal year limitations, and shall consist of
any monies deposited to the fund from the receipt of federal grants
or funds or from other sources of grants or funds. All monies
accruing to the credit of the fund are hereby appropriated and may
be budgeted and expended by the Department for the purpose of
assisting the Strengthen Oklahoma Homes (SOH) Program in performing
all acts that relate to the function and purpose of the SOH Program.
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. Monies collected pursuant to this act shall be deposited in
the Strengthen Oklahoma Homes 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.
C. Notwithstanding any other provision of law, the Insurance
Commissioner may transfer from the State Insurance Commissioner
Revolving Fund to the Strengthen Oklahoma Homes Revolving Fund up to
fifty percent (50%), but in an amount not to exceed Ten Million
Dollars ($10,000,000.00), of the balance remaining in the State
Oklahoma Statutes - Title 36. Insurance Page 228
Insurance Commissioner Revolving Fund at the end of each fiscal year
beginning with the fiscal year ending on June 30, 2024.
Status: in_force · Read it on the official government site
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