Okla. Stat. tit. 52, § 52-288.7
This is the official text of Okla. Stat. tit. 52, § 52-288.7, part of Oklahoma’s Stat. tit. 52, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 52,." Browse the sections below, each linked to its official government source.
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Energy Resources Revolving Fund
Official statutory text
A. There is hereby created in the State Treasury a revolving
fund for the Oklahoma Energy Resources Board to be designated the
"Energy Resources Revolving Fund". The fund shall be a continuing
fund, not subject to fiscal year limitations and shall consist of
all monies received by the Oklahoma Energy Resources Board from
assessments received and collected pursuant to Section 288.8A of
this title, donations, grants, contributions and gifts from any
public or private source. The Board may expend funds as provided
for by law. 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. Of the monies collected and not refunded pursuant to
Sections 288.8A and 288.9A of this title, a minimum of fifty percent
(50%) of said monies collected, including a prorated share of
administrative costs incurred from the effective date of this act,
and not subsequently refunded, shall be expended on environmental
cleanup and remediation projects related to oil and gas pollution
authorized by the Board from a priority list of projects submitted
by the Corporation Commission or, only in the absence of Corporation
Commission jurisdiction, projects submitted by other appropriate
state agencies.
C. None of the monies collected and not refunded pursuant to
Sections 288.8A and 288.9A of this title shall be used for travel
expenses of any member of the Oklahoma Legislature.
fund for the Oklahoma Energy Resources Board to be designated the
"Energy Resources Revolving Fund". The fund shall be a continuing
fund, not subject to fiscal year limitations and shall consist of
all monies received by the Oklahoma Energy Resources Board from
assessments received and collected pursuant to Section 288.8A of
this title, donations, grants, contributions and gifts from any
public or private source. The Board may expend funds as provided
for by law. 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. Of the monies collected and not refunded pursuant to
Sections 288.8A and 288.9A of this title, a minimum of fifty percent
(50%) of said monies collected, including a prorated share of
administrative costs incurred from the effective date of this act,
and not subsequently refunded, shall be expended on environmental
cleanup and remediation projects related to oil and gas pollution
authorized by the Board from a priority list of projects submitted
by the Corporation Commission or, only in the absence of Corporation
Commission jurisdiction, projects submitted by other appropriate
state agencies.
C. None of the monies collected and not refunded pursuant to
Sections 288.8A and 288.9A of this title shall be used for travel
expenses of any member of the Oklahoma Legislature.
Status: in_force · Read it on the official government site
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