Oklahoma § 17-325 - Annual reports

§ 17-325. Annual reports

A. The Director of the Petroleum Storage Tank Division shall

make a written report on an annual basis to the Corporation

Commissioners, the Storage Tank Advisory Council, the Speaker of the

House of Representatives and the President Pro Tempore of the Senate

detailing the following:

Oklahoma Statutes - Title 17. Corporation Commission

1. The total number of storage tank applicants requesting

disbursement from the Indemnity Fund during the preceding year;

2. The total number of storage tank applicants receiving

payment during the preceding year and total amount disbursed for

such payments;

3. The average time frame for providing disbursements to

applicants;

4. The total amount of funds needed to complete the corrective

action and achieve closure of all release cases; and

5. Any other information requested by the Speaker of the House

of Representatives or the President Pro Tempore of the Senate

regarding the Indemnity Fund program.

B. The Oklahoma Tax Commission shall submit an annual report to

the Speaker of the House of Representatives and the President Pro

Tempore of the Senate detailing the amount of assessments collected

for deposit to the Indemnity Fund and to the State Transportation

Fund.

C. The Oklahoma Department of Transportation shall submit an

annual report to the Speaker of the House of Representatives and the

President Pro Tempore of the Senate detailing the expenditures made

from the revenue received from the assessment levied pursuant to

Section 327.1 of this title.

D. The Oklahoma Department of Environmental Quality shall

submit an annual report to the Speaker of the House of

Representatives and the President Pro Tempore of the Senate

detailing the expenditures made from the revenue received from the

assessment levied pursuant to Section 327.1 of this title.

E. By December 1, 1998, and every year thereafter, the State

Auditor and Inspector shall conduct an independent audit of the

books, records, files and other such documents of the Corporation

Commission pertaining to and which relate to the administration of

the Petroleum Storage Tank Indemnity Fund. The audit shall include

but shall not be limited to a review of agency compliance with state

statutes regarding the Indemnity Fund, internal control procedures,

adequacy of claim process expenditures from and debits of the

Indemnity Fund regarding administration, personnel, operating and

other expenses charged by the Corporation Commission; the duties

performed in detail by agency personnel and Indemnity Fund personnel

for which payment is made from the Indemnity Fund, and

recommendations for improving claim processing, equipment needed for

claim processing, internal control or structure for administering

the Indemnity Fund; and such other areas deemed necessary by the

State Auditor and Inspector.

F. The cost of the audit shall be borne by the Indemnity Fund.

G. Copies of the audit shall be submitted to the State Auditor

and Inspector, the Governor, the Speaker of the House of

Representatives, the President Pro Tempore of the Senate and the

Oklahoma Statutes - Title 17. Corporation Commission

Chairs of the Appropriation Committees of both the Oklahoma House of

Representatives and the Oklahoma State Senate.

Added by Laws 1998, c. 375, § 5, emerg. eff. June 9, 1998. Amended

by Laws 2018, c. 27, § 23, eff. Nov. 1, 2018; Laws 2019, c. 82, §

10, eff. July 1, 2019.