Okla. Stat. tit. 37A, § 37A-5-128

This is the official text of Okla. Stat. tit. 37A, § 37A-5-128, part of Oklahoma’s Stat. tit. 37A, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 37A,." Browse the sections below, each linked to its official government source.

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Alcoholic Beverage Control Fund - Alcoholic Beverage

Official statutory text

Governance Revolving Fund.

Oklahoma Statutes - Title 37a. Alcoholic Beverages Page 166

A. There is hereby created in the State Treasury a fund to be

known as the "Alcoholic Beverage Control Fund" which shall consist

of revenues collected by the state from license and registration

fees, with any interest, fines or penalties levied and collected by

the ABLE Commission pursuant to the provisions of the Oklahoma

Alcoholic Beverage Control Act; provided, the first Three Hundred

Thousand Dollars ($300,000.00) of such revenues collected each

fiscal year shall be deposited to the Community-Based Substance

Abuse Revolving Fund and the next Twenty Thousand Dollars

($20,000.00) of such revenues collected each fiscal year shall be

deposited in the Prevention of Youth Access to Alcohol Revolving

Fund. Any unappropriated balance in the Oklahoma Alcoholic Beverage

Control Fund at the close of each fiscal year shall revert to the

General Revenue Fund of the State of Oklahoma, except for the amount

necessary to satisfy any appropriations made or to be made from the

fund by the Oklahoma State Legislature for the ensuing fiscal year.

All such monies collected by the ABLE Commission pursuant to the

provisions of the Oklahoma Alcoholic Beverage Control Act shall be

deposited in the State Treasury for credit to the General Revenue

Fund of the state, except as provided in subsection B of this

section.

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

fund for the ABLE Commission to be designated the "Alcoholic

Beverage Governance Revolving Fund". The fund shall be a continuing

fund, not subject to fiscal year limitations, and shall consist of

any monies received from the surcharge collected by the Tax

Commission pursuant to subsection F of Section 13 of this act and

any other sources of funds provided by law. All monies accruing to

the credit of the fund shall be budgeted and expended by the ABLE

Commission for general operations. 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.

Status: in_force · Read it on the official government site

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