Oklahoma § 62-891.15 - Community Economic Development Pooled Finance Revolving

§ 62-891.15. Community Economic Development Pooled Finance Revolving

Fund.

There is hereby created in the State Treasury a revolving fund

for the Oklahoma Development Finance Authority to be designated the

"Community Economic Development Pooled Finance Revolving Fund". The

fund shall be a continuing fund, not subject to fiscal year

limitations, and shall consist of all monies received by the

Oklahoma Development Finance Authority from revenues derived from

levies imposed by counties, cities, towns or combinations of such

local governmental entities as provided by this act in addition to

any withholding tax revenues as provided by Section 891.12 of this

title or Section 5 of this act. All monies accruing to the credit

of said fund are hereby appropriated and may be budgeted and

expended by the Oklahoma Development Finance Authority for the

purpose of paying principal, interest and other costs of borrowing

by the Authority as authorized by this act. 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.

Added by Laws 2009, c. 309, § 15, eff. July 1, 2009. Amended by

Laws 2012, c. 304, § 468; Laws 2019, c. 260, § 2, eff. Nov. 1, 2019.