Okla. Stat. tit. 74, § 74-85.58N
This is the official text of Okla. Stat. tit. 74, § 74-85.58N, 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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Quick Settlement Account
Official statutory text
The Special Agency Account Board shall create in the official
depository of the State Treasury an agency special account for the
Office of Management and Enterprise Services to be designated as the
"Quick Settlement Account". The purpose of the account shall be the
payment of liability claims against the state after a determination
by the Risk Management Administration that such payments are in the
best interest of the state, are in accordance with the laws and
regulations governing the Comprehensive Professional Risk Management
Program, and are in an amount not exceeding Ten Thousand Dollars
($10,000.00). No monies shall be expended from the Quick Settlement
Account except as provided for in this section.
The Office of Management and Enterprise Services shall transfer
funds as necessary from the Risk Management Revolving Fund to the
Quick Settlement Account, provided that the maximum sum held in the
Quick Settlement Account shall not exceed Ten Thousand Dollars
($10,000.00), excluding funds in transit. Expenditures from the
Quick Settlement Account shall be exempt from the provisions of The
Oklahoma Central Purchasing Act.
depository of the State Treasury an agency special account for the
Office of Management and Enterprise Services to be designated as the
"Quick Settlement Account". The purpose of the account shall be the
payment of liability claims against the state after a determination
by the Risk Management Administration that such payments are in the
best interest of the state, are in accordance with the laws and
regulations governing the Comprehensive Professional Risk Management
Program, and are in an amount not exceeding Ten Thousand Dollars
($10,000.00). No monies shall be expended from the Quick Settlement
Account except as provided for in this section.
The Office of Management and Enterprise Services shall transfer
funds as necessary from the Risk Management Revolving Fund to the
Quick Settlement Account, provided that the maximum sum held in the
Quick Settlement Account shall not exceed Ten Thousand Dollars
($10,000.00), excluding funds in transit. Expenditures from the
Quick Settlement Account shall be exempt from the provisions of The
Oklahoma Central Purchasing Act.
Status: in_force · Read it on the official government site
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