Okla. Stat. tit. 74, § 74-5085.11

This is the official text of Okla. Stat. tit. 74, § 74-5085.11, 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 Capital Formation Revolving Fund

Official statutory text

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

fund for the Oklahoma Center for the Advancement of Science and

Technology to be designated the “Oklahoma Capital Formation

Revolving Fund”. The fund shall be a continuing fund, not subject

to fiscal year limitations, and shall consist of appropriated funds.

All monies accruing to the credit of the fund are hereby

appropriated and, as authorized by the Oklahoma Science and

Technology Research and Development Board, shall be expended by the

Oklahoma Center for the Advancement of Science and Technology to

perform the duties imposed upon the Board by law. Expenditures of

appropriated funds from the 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. On July 1, 1991, any unencumbered funds remaining in the

Oklahoma Capital Investment Board Revolving Fund shall be

Oklahoma Statutes - Title 74. State Government Page 1172

transferred to the credit of the Oklahoma Capital Formation

Revolving Fund. Any unexpended funds remaining in the Oklahoma

Capital Investment Board Revolving Fund after November 15, 1991,

shall be transferred to the credit of the Oklahoma Capital Formation

Revolving Fund.

Status: in_force · Read it on the official government site

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