Oklahoma § 44-233.7 - Oklahoma Military Department Revolving Fund

§ 44-233.7. Oklahoma Military Department Revolving Fund

There is hereby created in the State Treasury a revolving fund

for the Oklahoma Military Department to be designated the "Oklahoma

Military Department Revolving Fund". The fund shall be a continuing

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

any monies received by the Oklahoma Military Department from the

sale of surplus property, fees and receipts collected pursuant to

the Oklahoma Open Records Act, interagency reimbursements, federal

funds unless otherwise provided by federal law or regulation, gifts,

bequests, contributions, devises, any other source, and the proceeds

of property sold or otherwise disposed of pursuant to the provisions

of subsection B of Section 233.3 of this title. All monies accruing

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

budgeted and expended by the Oklahoma Military Department for

construction, repairs, and maintenance, equipment for facilities of

the Oklahoma National Guard, or for operating expenses of the

Oklahoma Military Department. 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. All

monies in the fund may, at the direction of the Adjutant General, be

Oklahoma Statutes - Title 44. Militia

invested by the State Treasurer in accordance with state investment

practices. All earnings attributable to such investments shall

likewise accrue to the credit of the fund.

Added by Laws 1985, c. 147, § 4, eff. July 1, 1985. Amended by Laws

1986, c. 210, § 9, operative July 1, 1986; Laws 2008, c. 172, § 5,

eff. Nov. 1, 2008; Laws 2012, c. 304, § 155.