Oklahoma § 52-207 - Interstate Oil Compact Fund - Purpose for which used Disposition of unexpended balance

§ 52-207. Interstate Oil Compact Fund - Purpose for which used Disposition of unexpended balance

A. There is hereby created in the Office of the State Treasurer

a special fund to be known as "The Interstate Oil Compact Fund of

Oklahoma". All monies accruing to the fund are hereby appropriated

for the purpose of paying the compensation of the assistant

representative referred to in Section 205 of this title, the

compensation of such clerical, technical, and legal assistants as he

or she, with the consent of the Governor, may employ, the actual and

necessary traveling expenses of the assistant representative and his

or her employees and of the Governor when traveling in his or her

capacity as official representative of this state on "The Interstate

Oil Compact Commission", all items of office expense including the

cost of office supplies and equipment, such contributions as the

Governor shall deem proper to pay to The Interstate Oil Compact

Commission to defray its expenses, such other necessary expenses as

may be incurred in enabling this state to fully cooperate in

accomplishing the objects of "The Interstate Compact to Conserve Oil

and Gas".

B. The maintenance of the Oklahoma Energy Initiative as created

in the Oklahoma Energy Initiative Act is hereby declared to be a

part of the accomplishment of the objects of The Interstate Compact

to Conserve Oil and Gas and the Governor is hereby authorized to

contract with appropriate entities for such purposes and to pay the

obligations thereof from the fund created by this section.

C. The fund shall be disbursed upon warrants issued by the

State Treasurer upon sworn itemized claims approved by the assistant

representative and the Governor. If at the end of any fiscal year

any part of the special fund shall remain unexpended or unobligated,

such balance shall be transferred by the State Treasurer to and

become a part of the General Revenue Fund of the state for the

ensuing fiscal year.

Added by Laws 1935, p. 241, § 3, emerg. eff. April 19, 1935.

Amended by Laws 1939, p. 350, § 7, emerg. eff. Jan. 27, 1939; Laws

1941, p. 214, § 7, emerg. eff. Feb. 19, 1941; Laws 1979, c. 47, §

18, emerg. eff. April 9, 1979; Laws 1983, c. 263, § 14, operative

July 1, 1983; Laws 1985, c. 203, § 112, operative July 1, 1985; Laws

1997, c. 275, § 8, eff. July 1, 1997; Laws 2012, c. 248, § 1.