Okla. Stat. tit. 74, § 74-130.4

This is the official text of Okla. Stat. tit. 74, § 74-130.4, part of Oklahoma’s Stat. tit. 74, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 74,." Browse the sections below, each linked to its official government source.

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Oklahoma Alternative Fuels Conversion Fund

Official statutory text

A. There is hereby created in the State Treasury a revolving

fund for the Office of Management and Enterprise Services to be

designated as the "Oklahoma Alternative Fuels Conversion Fund". The

fund shall be a continuing fund, not subject to fiscal year

limitations, and shall consist of all monies received by the Office

of Management and Enterprise Services pursuant to Section 130.5 of

this title.

B. All monies accruing to the credit of the revolving fund

shall be expended by the Office of Management and Enterprise

Services to reimburse expenses relative to the conversion of

government vehicles and school vehicles to have the capability of

being fueled or charged by alternative fuels and/or the expenses

relative to the installation of a fill station or charge station.

The maximum amount expended per vehicle shall be the actual cost of

vehicle conversion or Ten Thousand Dollars ($10,000.00), whichever

is less. The maximum amount expended per fill station or charge

station shall be the actual cost of the installation or Three

Hundred Thousand Dollars ($300,000.00), whichever is less. The

balance on deposit in the fund shall never exceed the sum of Five

Million Dollars ($5,000,000.00).

C. Expenditures from the revolving 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.

Status: in_force · Read it on the official government site

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