Oklahoma § 1-26 - Oklahoma Abstractors Board Revolving Fund

§ 1-26. Oklahoma Abstractors Board Revolving Fund

There is hereby created in the State Treasury a revolving fund

for the Oklahoma Abstractors Board to be designated the "Oklahoma

Abstractors Board Revolving Fund". Beginning July 1, 2007, any

monies collected pursuant to the Oklahoma Abstractors Law shall be

deposited into the Oklahoma Abstractors Board Revolving Fund.

Beginning January 1, 2008, any monies collected pursuant to the

Oklahoma Abstractors Act shall be deposited into the Oklahoma

Abstractors Board Revolving Fund. The fund shall be a continuing

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

all monies received by the Oklahoma Abstractors Board from any

transfers, fees, bonds, penalties or fines paid to the Board

pursuant to the Oklahoma Abstractors Act. All monies accruing to

the credit of said fund are hereby appropriated and may be budgeted

and expended by the Oklahoma Abstractors Board for the purpose of

effectuating the purposes of the Oklahoma Abstractors Act and to pay

all costs and expenses heretofore and hereafter incurred in

connection therewith. 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.

Added by Laws 2007, c. 359, § 7, eff. July 1, 2007. Amended by Laws

2012, c. 304, § 1.

Oklahoma Statutes - Title 1. Abstracting