Okla. Stat. tit. 59, § 59-858-205
This is the official text of Okla. Stat. tit. 59, § 59-858-205, part of Oklahoma’s Stat. tit. 59, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 59,." Browse the sections below, each linked to its official government source.
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Oklahoma Real Estate Commission Revolving Fund
Official statutory text
A. There is hereby created in the State Treasury a revolving
fund for the Oklahoma Real Estate Commission, to be designated the
"Oklahoma Real Estate Commission Revolving Fund". The fund shall
consist of all monies received by the Oklahoma Real Estate
Commission other than the Oklahoma Real Estate Education and
Recovery Fund fees or appropriated funds. The revolving fund shall
be a continuing fund not subject to fiscal year limitations and
shall be under the control and management of the Oklahoma Real
Estate Commission.
B. The Oklahoma Real Estate Commission may invest all or part
of the monies of the fund in securities offered through the
"Oklahoma State Treasurer's Cash Management Program". Any interest
or dividends accruing from the securities and any monies generated
at the time of redemption of the securities shall be deposited in
the General Operating Fund of the Oklahoma Real Estate Commission.
All monies accruing to the credit of the fund are hereby
appropriated and may be budgeted and expended by the Oklahoma Real
Estate Commission.
C. Expenditures from this fund shall be made pursuant to the
purposes of this Code and without legislative appropriation.
Warrants for expenditures shall be drawn by the State Treasurer
based on claims signed by an authorized employee or employees of the
Oklahoma Real Estate Commission and approved for payment by the
Director of the Office of Management and Enterprise Services.
fund for the Oklahoma Real Estate Commission, to be designated the
"Oklahoma Real Estate Commission Revolving Fund". The fund shall
consist of all monies received by the Oklahoma Real Estate
Commission other than the Oklahoma Real Estate Education and
Recovery Fund fees or appropriated funds. The revolving fund shall
be a continuing fund not subject to fiscal year limitations and
shall be under the control and management of the Oklahoma Real
Estate Commission.
B. The Oklahoma Real Estate Commission may invest all or part
of the monies of the fund in securities offered through the
"Oklahoma State Treasurer's Cash Management Program". Any interest
or dividends accruing from the securities and any monies generated
at the time of redemption of the securities shall be deposited in
the General Operating Fund of the Oklahoma Real Estate Commission.
All monies accruing to the credit of the fund are hereby
appropriated and may be budgeted and expended by the Oklahoma Real
Estate Commission.
C. Expenditures from this fund shall be made pursuant to the
purposes of this Code and without legislative appropriation.
Warrants for expenditures shall be drawn by the State Treasurer
based on claims signed by an authorized employee or employees of the
Oklahoma Real Estate Commission and approved for payment by the
Director of the Office of Management and Enterprise Services.
Status: in_force · Read it on the official government site
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