Okla. Stat. tit. 52, § 52-420.24

The Commission shall have the power and duty to:

1. Administer and enforce the provisions of the Oklahoma

Liquefied Petroleum Gas Research, Marketing and Safety Act;

Oklahoma Statutes - Title 52. Oil and Gas Page 202

2. Establish an office for the Commission within the State of

Oklahoma;

3. Elect a chairperson and whatever other officers may be

necessary to direct operations of the Commission;

4. Employ personnel as shall be deemed necessary to carry out

the purpose and provisions of the Oklahoma Liquefied Petroleum Gas

Research, Marketing and Safety Act and to prescribe their duties and

fix their compensation;

5. Establish and administer the LP Gas Research, Marketing and

Safety Revolving Fund;

6. Approve or disapprove the budget of the Commission;

7. Promulgate rules as it deems necessary to carry out the

provisions of the Oklahoma Liquefied Petroleum Gas Research,

Marketing and Safety Act;

8. Enter into contracts or agreements for studies, research

projects, safety programs, experimental work, supplies or other

services to carry out the purposes of the Oklahoma Liquefied

Petroleum Gas Research, Marketing and Safety Act, and incur those

expenses necessary to carry out those purposes. Any contract or

agreement shall provide that:

a. the person entering the contract or agreement on

behalf of the Commission shall develop and submit to

the Commission a plan or project together with a

budget that shows estimated costs to be incurred for

the plan or project, and

b. the person entering the contract or agreement shall

keep accurate records of all of its transactions,

account for funds received and expended, and make

periodic reports to the Commission of activities

conducted, and any other reports as the Commission may

require;

9. Keep accurate records of all financial transactions

performed pursuant to the Oklahoma Liquefied Petroleum Gas Research,

Marketing and Safety Act. These records shall be audited annually

by an independent auditor and an annual report shall be compiled and

presented to the Governor;

10. Cooperate with any private, local, state or national

commission, organization, agency or group and to make contracts and

agreements for joint programs beneficial to the LP gas industry;

11. Accept donations, grants, contributions and gifts from any

public or private source and deposit the money in the LP Gas

Research, Marketing and Safety Revolving Fund;

12. Approve or disapprove the investment of any monies in the

LP Gas Research, Marketing and Safety Revolving Fund pursuant to

Section 7 of this act; and

13. Keep an accurate record of all assessments collected.