Okla. Stat. tit. 62, § 62-2006
This is the official text of Okla. Stat. tit. 62, § 62-2006, part of Oklahoma’s Stat. tit. 62, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 62,." Browse the sections below, each linked to its official government source.
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Rural Economic Action Plan Fund - Establishment -
Official statutory text
Accounts.
A. There is hereby established a fund within the State Treasury
to be known as the Rural Economic Action Plan Fund, to be
administered by the Oklahoma Department of Commerce. The fund shall
be a continuing fund not subject to fiscal year limitations. Within
the Rural Economic Action Plan Fund there shall be established
separate accounts as prescribed by Section 2004 of this title into
which shall be deposited such funds as may be provided by law.
B. Except as otherwise provided by Section 2004 of this title,
one of nine accounts shall be available to each entity described in
subsection A of Section 2007 of this title.
C. Except as otherwise provided by Section 2004 of this title,
one account shall be divided equally into two subaccounts. One of
the two subaccounts shall be available to each of the entities
described by subsection B of Section 2007 of this title for
distribution to any city or town within the respective jurisdiction
of the entity if the population of such city or town does not exceed
seven thousand (7,000) persons according to the latest Federal
Decennial Census or for the benefit of an unincorporated area.
Funds may also be expended for any city or town with a population
below seven thousand (7,000) persons based upon the current
population estimate according to the U.S. Census Bureau. Funds may
be expended for such cities and towns until the next following
Federal Decennial Census.
D. No funds deposited into one account or subaccount shall be
transferred to any other account. No entity may access any more
than one account per fiscal year and the total expenditure from any
one account for each fiscal year may not exceed the amount of funds
available to each account as may be provided by law.
E. No monies in the Rural Economic Action Plan Fund shall be
used for the payment of administrative expenses, salaries or any
other continuing obligation of the Oklahoma Department of Commerce.
A. There is hereby established a fund within the State Treasury
to be known as the Rural Economic Action Plan Fund, to be
administered by the Oklahoma Department of Commerce. The fund shall
be a continuing fund not subject to fiscal year limitations. Within
the Rural Economic Action Plan Fund there shall be established
separate accounts as prescribed by Section 2004 of this title into
which shall be deposited such funds as may be provided by law.
B. Except as otherwise provided by Section 2004 of this title,
one of nine accounts shall be available to each entity described in
subsection A of Section 2007 of this title.
C. Except as otherwise provided by Section 2004 of this title,
one account shall be divided equally into two subaccounts. One of
the two subaccounts shall be available to each of the entities
described by subsection B of Section 2007 of this title for
distribution to any city or town within the respective jurisdiction
of the entity if the population of such city or town does not exceed
seven thousand (7,000) persons according to the latest Federal
Decennial Census or for the benefit of an unincorporated area.
Funds may also be expended for any city or town with a population
below seven thousand (7,000) persons based upon the current
population estimate according to the U.S. Census Bureau. Funds may
be expended for such cities and towns until the next following
Federal Decennial Census.
D. No funds deposited into one account or subaccount shall be
transferred to any other account. No entity may access any more
than one account per fiscal year and the total expenditure from any
one account for each fiscal year may not exceed the amount of funds
available to each account as may be provided by law.
E. No monies in the Rural Economic Action Plan Fund shall be
used for the payment of administrative expenses, salaries or any
other continuing obligation of the Oklahoma Department of Commerce.
Status: in_force · Read it on the official government site
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