Oklahoma § 59-3118 - Consumer Credit Counseling Revolving Fund

§ 59-3118. Consumer Credit Counseling Revolving Fund

There is hereby created in the State Treasury a revolving fund

for the Commission on Consumer Credit to be designated the "Consumer

Credit Counseling Revolving Fund". The fund shall consist of fees

received by the Administrator of Consumer Credit from deferred

deposit lenders for consumer credit counseling services pursuant to

the provisions of Section 3119 of this title. The revolving fund

shall be a continuing fund not subject to fiscal year limitations

and shall be under the administrative direction of the

Administrator. Monies accruing to the credit of this fund are

hereby appropriated and may be budgeted and expended by the

Administrator 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 2003, c. 240, § 18, eff. Sept. 1, 2003. Amended by

Laws 2004, c. 557, § 8, emerg. eff. June 10, 2004; Laws 2010, c.

415, § 35, eff. July 1, 2010; Laws 2012, c. 304, § 294.