Okla. Stat. tit. 63, § 63-3221
This is the official text of Okla. Stat. tit. 63, § 63-3221, part of Oklahoma’s Stat. tit. 63, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 63,." Browse the sections below, each linked to its official government source.
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University Hospitals Authority Disbursing Fund
Official statutory text
A. There is hereby created in the State Treasury a revolving
fund for the University Hospitals Authority, to be designated the
"University Hospitals Authority Disbursing Fund". The fund shall be
a continuing fund, not subject to fiscal year limitations, and shall
consist of appropriated revenues, revenues earned by the Authority,
donations and federal entitlements. All monies accruing to the
credit of said fund are hereby appropriated and may be budgeted and
expended by the University Hospitals Authority.
B. Following the execution of a lease of real properties under
the jurisdiction of the University Hospitals Authority to the
University Hospitals Trust pursuant to Section 3226 of this title,
monies from the fund may be expended by the Authority for the fiscal
year ending June 30, 1998, for the operations of the Authority after
the execution of the lease to the University Hospitals Trust for
payment of any costs to the Authority associated with the transfer
of operations of facilities under the jurisdiction of the Authority,
and legal obligations of the Authority. After July 1, 1998, the
operation of the Authority may be funded from the interest earned by
the fund.
C. After July 1, 2010, the principal and interest earned on the
fund may be expended by the Authority for the operation of the
Authority and for the completion of the mission of the Authority.
D. It is the intent of the Legislature to restore the fund to
the June 30, 2010, balance in the event that the state resumes
operations of any of the facilities operated by the Authority prior
to a lease being executed.
fund for the University Hospitals Authority, to be designated the
"University Hospitals Authority Disbursing Fund". The fund shall be
a continuing fund, not subject to fiscal year limitations, and shall
consist of appropriated revenues, revenues earned by the Authority,
donations and federal entitlements. All monies accruing to the
credit of said fund are hereby appropriated and may be budgeted and
expended by the University Hospitals Authority.
B. Following the execution of a lease of real properties under
the jurisdiction of the University Hospitals Authority to the
University Hospitals Trust pursuant to Section 3226 of this title,
monies from the fund may be expended by the Authority for the fiscal
year ending June 30, 1998, for the operations of the Authority after
the execution of the lease to the University Hospitals Trust for
payment of any costs to the Authority associated with the transfer
of operations of facilities under the jurisdiction of the Authority,
and legal obligations of the Authority. After July 1, 1998, the
operation of the Authority may be funded from the interest earned by
the fund.
C. After July 1, 2010, the principal and interest earned on the
fund may be expended by the Authority for the operation of the
Authority and for the completion of the mission of the Authority.
D. It is the intent of the Legislature to restore the fund to
the June 30, 2010, balance in the event that the state resumes
operations of any of the facilities operated by the Authority prior
to a lease being executed.
Status: in_force · Read it on the official government site
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