Oklahoma § 3-415 - Long-Term Aerospace and Aeronautics Infrastructure

§ 3-415. Long-Term Aerospace and Aeronautics Infrastructure

Sustainability Revolving Fund.

There is hereby created in the State Treasury a revolving fund

for the Oklahoma Department of Aerospace and Aeronautics to be

designated the “Long-Term Aerospace and Aeronautics Infrastructure

Sustainability Revolving Fund”. The fund shall be a continuing

fund, not subject to fiscal year limitations, and shall consist of

all monies received by the Department from appropriations designated

for the purpose of construction, maintenance, or other capital

projects. The Director of the Oklahoma Department of Aerospace and

Aeronautics shall, at the end of each month, provide a current

balance and statement of encumbrances of the fund to the Chair of

the Senate Appropriations Committee and the Chair of the House of

Representatives Appropriations and Budget Committee. All monies

accruing to the credit of the fund are hereby appropriated and may

be budgeted and expended by the Oklahoma Department of Aerospace and

Aeronautics for the sole purpose provided for in this section.

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.

Added by Laws 2024, c. 126, § 1, emerg. eff. April 23, 2024.