Oklahoma § 62-9010.5 - Pay for Success Innovation Fund
Full text of Oklahoma Oklahoma Statutes § 62-9010.5 — Pay for Success Innovation Fund, with citation guidance and answers to common questions.
§ 62-9010.5. Pay for Success Innovation Fund
A. There is hereby created in the State Treasury a revolving
fund for the Office of Management and Enterprise Services to be
designated the "Pay for Success Innovation Fund". The fund shall be
a continuing fund, not subject to fiscal year limitations, and shall
consist of all monies designated by state agencies to the Pay for
Success Innovation Fund and monies which may otherwise be available
to the Office of Management and Enterprise Services for use as
provided for in this section.
B. All monies appropriated to the fund shall be budgeted and
expended by the Office of Management and Enterprise Services for the
purpose of funding contracts as authorized by this act. Pursuant to
contract, the Office of Management and Enterprise Services shall
provide payment to private entities for the delivery of performance
targets and outcome measures at the direction of the agency engaged
in the contract and only in accordance with the terms of the payfor-success contract.
C. To the extent that any money credited to this fund for a
particular pay-for-success contract remains unpaid at the time the
particular contract expires or is terminated, as soon after the
contract expiration as is practicable, the Office of Management and
Enterprise Services shall return the unpaid amount to the agency to
which the money was originally appropriated.
D. The Office of Management and Enterprise Services may enter
into memorandums of understanding with other agencies and promulgate
rules as necessary to administer this section and pay-for-success
contracts entered into under this section.
Added by Laws 2019, c. 202, § 5, eff. Nov. 1, 2019.
Oklahoma Statutes - Title 62. Public Finance
Oklahoma Statutes - Title 62. Public Finance
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 62-9010.5
What does Oklahoma Statutes § 62-9010.5 cover?
Section 62-9010.5 ("Pay for Success Innovation Fund") is part of the Oklahoma Statutes, the codified statutory law of Oklahoma. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Oklahoma § 62-9010.5?
A common citation format is "Oklahoma Statutes § 62-9010.5" (Oklahoma). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Oklahoma law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Oklahoma official source linked on this page or consult a licensed Oklahoma attorney.
How does Oklahoma § 62-9010.5 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Oklahoma can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Oklahoma.