Okla. Stat. tit. 74, § 74-85.47c
This is the official text of Okla. Stat. tit. 74, § 74-85.47c, 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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Small Business Surety Bond Guaranty Fund
Official statutory text
A. There is hereby created in the State Treasury a revolving
fund for the Small Business Surety Bond Guaranty Program to be
designated the "Small Business Surety Bond Guaranty Fund". The fund
shall be a continuing fund, not subject to fiscal year limitations
and shall consist of:
1. Premiums, fees, and any other amounts received with respect
to bonding assistance provided under this program;
Oklahoma Statutes - Title 74. State Government Page 200
2. Proceeds from the sale, lease, or other disposition of
property or contracts held or acquired by the Office of Management
and Enterprise Services pursuant to this program;
3. Income from investments that the State Treasurer makes from
monies in the fund; and
4. Any other monies made available under this program.
B. The fund shall be used:
1. For the purposes provided for in this program; and
2. To pay part or all of the expenses of administering the
program.
C. All monies accruing to the credit of the fund shall be
deposited with the State Treasurer and invested and reinvested in
the same manner as other state funds, and any investment earnings
shall be paid into the fund. All monies accruing to the credit of
the fund are hereby appropriated and may be budgeted and expended
for the purposes provided in 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.
fund for the Small Business Surety Bond Guaranty Program to be
designated the "Small Business Surety Bond Guaranty Fund". The fund
shall be a continuing fund, not subject to fiscal year limitations
and shall consist of:
1. Premiums, fees, and any other amounts received with respect
to bonding assistance provided under this program;
Oklahoma Statutes - Title 74. State Government Page 200
2. Proceeds from the sale, lease, or other disposition of
property or contracts held or acquired by the Office of Management
and Enterprise Services pursuant to this program;
3. Income from investments that the State Treasurer makes from
monies in the fund; and
4. Any other monies made available under this program.
B. The fund shall be used:
1. For the purposes provided for in this program; and
2. To pay part or all of the expenses of administering the
program.
C. All monies accruing to the credit of the fund shall be
deposited with the State Treasurer and invested and reinvested in
the same manner as other state funds, and any investment earnings
shall be paid into the fund. All monies accruing to the credit of
the fund are hereby appropriated and may be budgeted and expended
for the purposes provided in 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.
Status: in_force · Read it on the official government site
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