Okla. Stat. tit. 74, § 74-62.5
This is the official text of Okla. Stat. tit. 74, § 74-62.5, 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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Special cash fund - Creation
Official statutory text
A. There is hereby created a special cash fund in the State
Treasury for each state agency which requests that the Director
sell, trade, or redistribute to other state agencies any surplus
property.
B. All proceeds received from such transaction, and the
proceeds of any insurance claim arising from the loss by fire, theft
or casualty of insured material, supplies, or equipment shall be
deposited in such special cash fund of such state agency and may be
expended for the purchase or replacement of materials, supplies, or
equipment of such state agency and for the payment of the cost of
conducting any such transaction.
C. Whenever an unencumbered balance exists in said fund after
June 30, the close of each fiscal year, such balance shall lapse and
be transferred to the General Revenue Fund of the current fiscal
year.
Treasury for each state agency which requests that the Director
sell, trade, or redistribute to other state agencies any surplus
property.
B. All proceeds received from such transaction, and the
proceeds of any insurance claim arising from the loss by fire, theft
or casualty of insured material, supplies, or equipment shall be
deposited in such special cash fund of such state agency and may be
expended for the purchase or replacement of materials, supplies, or
equipment of such state agency and for the payment of the cost of
conducting any such transaction.
C. Whenever an unencumbered balance exists in said fund after
June 30, the close of each fiscal year, such balance shall lapse and
be transferred to the General Revenue Fund of the current fiscal
year.
Status: in_force · Read it on the official government site
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