Oklahoma § 59-1694 - Electrical Revolving Fund

§ 59-1694. Electrical Revolving Fund

All monies received by the Construction Industries Board under

the Electrical License Act, including the administrative fines

authorized by Section 1695 of this title, shall be deposited with

the State Treasurer and credited to the "Electrical Revolving Fund".

The revolving fund shall be a continuing fund not subject to fiscal

year limitations and may be budgeted and expended by the

Construction Industries Board. Expenditures from this fund shall be

made pursuant to the purposes of the Electrical License Act and

shall include, but not be limited to, payment of operating costs and

the costs of programs designed to promote public awareness of the

electrical industry, and expenditures for the preparation and

printing of regulations, bulletins or other documents and the

furnishing of copies of such documents to those persons engaged in

the electrical industry or the public, and the fully adjudicated

fine revenue received into this fund may be transferred to the

Skilled Trade Education and Workforce Development Fund created in

subsection E of Section 1 of this act. 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 1982, c. 337, § 15. Amended by Laws 1993, c. 236, §

5, eff. Sept. 1, 1993; Laws 1994, c. 155, § 7, eff. July 1, 1994;

Laws 2001, c. 394, § 48, eff. Jan. 1, 2002; Laws 2004, c. 163, § 6,

emerg. eff. April 26, 2004; Laws 2010, c. 413, § 21, eff. July 1,

2010; Laws 2012, c. 304, § 281; Laws 2018, c. 244, § 4, eff. Nov. 1,

2018.

Oklahoma Statutes - Title 59. Professions and Occupations