Okla. Stat. tit. 74, § 74-9030.7

Revolving Fund - Transfer of funds in excess of One Million Dollars.

A. 1. There is hereby created in the State Treasury a

revolving fund for the Oklahoma Arts Council to be designated the

"Art in Public Places Administrative and Maintenance Revolving

Fund". All monies accruing to the credit of said fund are hereby

appropriated and may be budgeted and expended by the Council. The

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

Oklahoma Statutes - Title 74. State Government Page 1243

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

from the sources provided for in Section 9030.5 of this title.

2. This fund shall consist of two subaccounts, one account for

maintenance and repair purposes and one account for administrative

and education purposes. Monies accruing to the credit of the

subaccount for maintenance and repair shall be used for the purpose

of restoring art in all state public buildings including, but not

limited to, public buildings at institutions within The Oklahoma

State System of Higher Education.

3. Expenditures 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. Whenever the unencumbered balance in this fund exceeds One

Million Dollars ($1,000,000.00), the assessment shall be placed in

the Commissioning of Art in Public Places Revolving Fund to the

credit of the subaccount established for the project upon which the

assessment was made.