Oklahoma § 62-46.1 - Transfer of surplus funds accruing to General Revenue

§ 62-46.1. Transfer of surplus funds accruing to General Revenue

Fund to certain funds.

A. On July 1, 2005, or as soon thereafter as feasible, the

Office of Management and Enterprise Services shall transfer any

surplus funds which accrue to the General Revenue Fund of this state

for the fiscal year ending June 30, 2005, over and above that which

is placed in the Constitutional Reserve Fund pursuant to Section 23

of Article X of the Constitution of the State of Oklahoma for the

fiscal year ending June 30, 2005, to the following funds and in the

specified amounts:

1. Fifty percent (50%) to the Oklahoma Dynamic Economy and

Budget Security Fund established in Section 46.2 of this title; and

2. Fifty percent (50%) to the Oklahoma Taxpayer Relief

Revolving Fund established in Section 2355.2 of Title 68 of the

Oklahoma Statutes.

B. On July 1, 2006, or as soon thereafter as feasible, the

Office of Management and Enterprise Services shall transfer the

following amounts of surplus funds which accrue to the General

Revenue Fund of this state for the fiscal year ending June 30, 2006,

over and above that which is placed in the Constitutional Reserve

Fund pursuant to Section 23 of Article X of the Constitution of the

State of Oklahoma for the fiscal year ending June 30, 2006:

1. The first Eighty-five Million Five Hundred Thousand Dollars

($85,500,000.00) to the State Regents Revolving Fund of the Oklahoma

Oklahoma Statutes - Title 62. Public Finance

State Regents for Higher Education, to be used for operations of The

Oklahoma State System of Higher Education;

2. Contingent upon passage and approval of Enrolled House Bill

No. 1169 of the 2nd Extraordinary Session of the 50th Oklahoma

Legislature, the next Forty-five Million Dollars ($45,000,000.00) to

the Oklahoma Opportunity Fund created in Section 48 of this title;

3. Contingent upon passage and approval of Enrolled Senate Bill

No. 99 of the 2nd Extraordinary Session of the 50th Oklahoma

Legislature, the next One Hundred Fifty Million Dollars

($150,000,000.00) to the Economic Development Generating Excellence

(EDGE) Fund created in Section 47 of this title;

4. The next Twenty-five Million Dollars ($25,000,000.00) to the

County Bridges and Road Improvement Fund, to be expended for repair,

renovation, rehabilitation, or replacement of county bridges;

5. The next Seven Million Dollars ($7,000,000.00) to the

Oklahoma Department of Veterans Affairs Revolving Fund, to be used

for expenses associated with the State Veterans Home in Sulphur;

6. The next Five Million Dollars ($5,000,000.00) to the Rural

Fire Equipment Grant Revolving Fund of the Oklahoma Department of

Agriculture, Food, and Forestry;

7. The next Eighty Million Dollars ($80,000,000.00) to the

Comprehensive University Capital Projects Revolving Fund created in

Section 2, Chapter 84, O.S.L. 2006;

8. The next Eight Million Dollars ($8,000,000.00) to the

Tourism Equipment Revolving Fund of the Oklahoma Tourism and

Recreation Department, to be used for operations, capital

improvements and maintenance of state parks;

9. The next Fifteen Million Dollars ($15,000,000.00) to the

State Emergency Fund created in Section 139.42 of this title;

10. The next Nine Hundred Thousand Dollars ($900,000.00) to the

Oklahoma Tax Commission Fund created pursuant to Section 221 of this

title for the implementation of a digital license plate system;

11. The next Thirty-five Million Dollars ($35,000,000.00) to

the Oklahoma Firefighters Pension and Retirement System in order to

replace monies that would otherwise have been apportioned over a

period of years pursuant to paragraph 1 of subsection C of Section

312.1 of Title 36 of the Oklahoma Statutes if such modified

apportionment is enacted pursuant to legislation passed during the

2nd Extraordinary Session of the 50th Oklahoma Legislature. If such

modification to the apportionment is not enacted as a result of the

passage of such legislation, the sum specified by this paragraph

shall not be transferred to the Oklahoma Firefighters Pension and

Retirement System; and

12. The next Nine Hundred Thousand Dollars ($900,000.00) to the

Oklahoma Tax Commission Fund created pursuant to Section 221 of this

title for the acquisition of a main frame computer.

Oklahoma Statutes - Title 62. Public Finance

The transfers authorized pursuant to the provisions of

paragraphs 1 through 12 of this subsection shall not be subject to

fiscal year 2007 agency category or budget limits.

Added by Laws 2005, c. 446, § 1, eff. July 1, 2005. Amended by Laws

2006, c. 7, § 5, emerg. eff. March 14, 2006; Laws 2006, 2nd Ex.

Sess., c. 84, § 1, emerg. eff. June 27, 2006; Laws 2012, c. 304, §

425; Laws 2022, c. 83, § 6, emerg. eff. April 25, 2022.