Okla. Stat. tit. 47, § 47-1104.23

Fund.

A. Twenty Dollars ($20.00) of the fee authorized by Section

1135.5 of Title 47 of the Oklahoma Statutes for Deer Creek Schools

Foundation license plates shall be deposited by Service Oklahoma to

Oklahoma Statutes - Title 47. Motor Vehicles Page 1066

the Deer Creek Schools Foundation License Plate Revolving Fund

created in subsection B of this section.

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

fund for the State Department of Education to be designated the

“Deer Creek Schools Foundation License Plate Revolving Fund”. The

fund shall be a continuing fund, not subject to fiscal year

limitations, and shall consist of all monies received by the State

Department of Education pursuant to subsection A of this section.

All monies accruing to the credit of such fund are hereby

appropriated and may be budgeted and expended by the State

Department of Education for the purpose of providing grants to the

Deer Creek Schools Foundation for purposes of promoting and funding

the academic and artistic achievement of all students and teachers

of Deer Creek Public Schools. Expenditures from such 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.

C. The Oklahoma Legislature hereby finds that the Deer Creek

Schools Foundation provides an important service to the inhabitants

of this state as a community and further finds that the services

performed by the Deer Creek Schools Foundation are adequate

consideration for the funds received pursuant to this section.