Oklahoma § 62-2006 - Rural Economic Action Plan Fund - Establishment Accounts

§ 62-2006. Rural Economic Action Plan Fund - Establishment Accounts

A. There is hereby established a fund within the State Treasury

to be known as the Rural Economic Action Plan Fund, to be

administered by the Oklahoma Department of Commerce. The fund shall

be a continuing fund not subject to fiscal year limitations. Within

the Rural Economic Action Plan Fund there shall be established

separate accounts as prescribed by Section 2004 of this title into

which shall be deposited such funds as may be provided by law.

B. Except as otherwise provided by Section 2004 of this title,

one of nine accounts shall be available to each entity described in

subsection A of Section 2007 of this title.

C. Except as otherwise provided by Section 2004 of this title,

one account shall be divided equally into two subaccounts. One of

the two subaccounts shall be available to each of the entities

described by subsection B of Section 2007 of this title for

distribution to any city or town within the respective jurisdiction

of the entity if the population of such city or town does not exceed

seven thousand (7,000) persons according to the latest Federal

Decennial Census or for the benefit of an unincorporated area.

Funds may also be expended for any city or town with a population

below seven thousand (7,000) persons based upon the current

population estimate according to the U.S. Census Bureau. Funds may

be expended for such cities and towns until the next following

Federal Decennial Census.

D. No funds deposited into one account or subaccount shall be

transferred to any other account. No entity may access any more

than one account per fiscal year and the total expenditure from any

one account for each fiscal year may not exceed the amount of funds

available to each account as may be provided by law.

E. No monies in the Rural Economic Action Plan Fund shall be

used for the payment of administrative expenses, salaries or any

other continuing obligation of the Oklahoma Department of Commerce.

Added by Laws 1996, c. 193, § 6, eff. July 1, 1996. Amended by Laws

1997, c. 382, § 3, eff. July 1, 1997; Laws 1998, c. 373, § 5, eff.

July 1, 1998; Laws 1999, c. 369, § 3, eff. July 1, 1999; Laws 2002,

c. 219, § 3, eff. July 1, 2002; Laws 2007, c. 194, § 2, eff. July 1,

2007; Laws 2008, c. 392, § 2, emerg. eff. June 3, 2008.

NOTE: Laws 2006, c. 317, § 2 amended this section to be effective

contingent upon a sufficient appropriation. The necessary amount

was not appropriated. Laws 2006, c. 317, § 2 repealed by Laws 2009,

c. 2, § 18, emerg. eff. March 12, 2009.