Okla. Stat. tit. 69, § 69-506
This is the official text of Okla. Stat. tit. 69, § 69-506, part of Oklahoma’s Stat. tit. 69, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 69,." Browse the sections below, each linked to its official government source.
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High Priority State Bridge Revolving Fund
Official statutory text
A. There is hereby created in the State Treasury a revolving
fund to be known as the "High Priority State Bridge Revolving Fund".
The fund shall be a continuing fund, not subject to fiscal year
limitations, and shall consist of all appropriations and transfers
made by the Legislature and the apportionments made pursuant to
Sections 500.6 and 500.7 of Title 68 of the Oklahoma Statutes. All
monies accruing to the credit of said fund are hereby appropriated
and may be budgeted and expended beginning with the fiscal year
ending June 30, 2008, and each fiscal year thereafter pursuant to
subsection B of this section. Expenditures from said fund shall be
made upon warrants issued by the State Treasurer against claims
filed as prescribed by law with the Director of the Office of
Management and Enterprise Services for approval and payment.
B. The funds shall be used for the sole purpose of construction
or reconstruction of bridges on the state highway system that are of
the highest priority as defined by the Transportation Commission.
The fund shall be invested in whatever instruments are authorized by
law for investments by the State Treasurer and the interest earned
by any investment of monies from the fund shall be credited to the
fund which shall earn the same, if there is any unexpended balance
of such fund to which to credit the interest.
fund to be known as the "High Priority State Bridge Revolving Fund".
The fund shall be a continuing fund, not subject to fiscal year
limitations, and shall consist of all appropriations and transfers
made by the Legislature and the apportionments made pursuant to
Sections 500.6 and 500.7 of Title 68 of the Oklahoma Statutes. All
monies accruing to the credit of said fund are hereby appropriated
and may be budgeted and expended beginning with the fiscal year
ending June 30, 2008, and each fiscal year thereafter pursuant to
subsection B of this section. Expenditures from said fund shall be
made upon warrants issued by the State Treasurer against claims
filed as prescribed by law with the Director of the Office of
Management and Enterprise Services for approval and payment.
B. The funds shall be used for the sole purpose of construction
or reconstruction of bridges on the state highway system that are of
the highest priority as defined by the Transportation Commission.
The fund shall be invested in whatever instruments are authorized by
law for investments by the State Treasurer and the interest earned
by any investment of monies from the fund shall be credited to the
fund which shall earn the same, if there is any unexpended balance
of such fund to which to credit the interest.
Status: in_force · Read it on the official government site
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