Okla. Stat. tit. 60, § 60-668.1
This is the official text of Okla. Stat. tit. 60, § 60-668.1, part of Oklahoma’s Stat. tit. 60, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 60,." Browse the sections below, each linked to its official government source.
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Unclaimed Property Clearinghouse Fund
Official statutory text
A. There is hereby created in the State Treasury a revolving
fund for the State Treasurer to be designated the "Unclaimed
Property Clearinghouse Fund". The fund shall be a continuing fund,
not subject to fiscal year limitations, and shall consist of monies
deposited to the fund pursuant to Section 668 of this title. All
monies accruing to the credit of the fund are appropriated to the
State Treasurer. The State Treasurer may budget and expend monies
from the fund for the purpose of making payment for the mailing,
publication and sale costs associated with abandoned property, and
to persons, firms, or corporations who are regularly engaged in the
business of notifying states about property which may be subject to
the provisions of unclaimed property statutes of those states. The
State Treasurer may enter into contracts with these persons, firms
or corporations performing these services, which services may
include the examination of any party subject to examination under
the Uniform Unclaimed Property Act. The State Treasurer may
delegate all necessary authority to act in the State Treasurer's
behalf to such persons, firms or corporations to enforce the
provisions of the Uniform Unclaimed Property Act.
B. The State Treasurer shall be authorized to expend monies
from the Unclaimed Property Clearinghouse Fund in payment of a
reasonable fee not to exceed fifteen percent (15%) of the delivered
funds to a person, firm, or corporation contracting with the State
Treasurer providing information leading to the delivery of unclaimed
property held by a holder to the State Treasurer. Such payment
shall not be made until the funds have been deposited with the State
Treasurer.
Oklahoma Statutes - Title 60. Property Page 222
C. The State Treasurer is authorized to purchase services,
including legal services, in order to locate and effect the delivery
of property and related owner information to assist the State
Treasurer in the Treasurer's duties related to the administration of
the Uniform Unclaimed Property Act. The purchase of such services,
other than legal services, shall be chosen by a solicitation of
proposals on a competitive basis, but shall be exempt from the
provisions of The Oklahoma Central Purchasing Act.
fund for the State Treasurer to be designated the "Unclaimed
Property Clearinghouse Fund". The fund shall be a continuing fund,
not subject to fiscal year limitations, and shall consist of monies
deposited to the fund pursuant to Section 668 of this title. All
monies accruing to the credit of the fund are appropriated to the
State Treasurer. The State Treasurer may budget and expend monies
from the fund for the purpose of making payment for the mailing,
publication and sale costs associated with abandoned property, and
to persons, firms, or corporations who are regularly engaged in the
business of notifying states about property which may be subject to
the provisions of unclaimed property statutes of those states. The
State Treasurer may enter into contracts with these persons, firms
or corporations performing these services, which services may
include the examination of any party subject to examination under
the Uniform Unclaimed Property Act. The State Treasurer may
delegate all necessary authority to act in the State Treasurer's
behalf to such persons, firms or corporations to enforce the
provisions of the Uniform Unclaimed Property Act.
B. The State Treasurer shall be authorized to expend monies
from the Unclaimed Property Clearinghouse Fund in payment of a
reasonable fee not to exceed fifteen percent (15%) of the delivered
funds to a person, firm, or corporation contracting with the State
Treasurer providing information leading to the delivery of unclaimed
property held by a holder to the State Treasurer. Such payment
shall not be made until the funds have been deposited with the State
Treasurer.
Oklahoma Statutes - Title 60. Property Page 222
C. The State Treasurer is authorized to purchase services,
including legal services, in order to locate and effect the delivery
of property and related owner information to assist the State
Treasurer in the Treasurer's duties related to the administration of
the Uniform Unclaimed Property Act. The purchase of such services,
other than legal services, shall be chosen by a solicitation of
proposals on a competitive basis, but shall be exempt from the
provisions of The Oklahoma Central Purchasing Act.
Status: in_force · Read it on the official government site
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