Oklahoma § 64-1011 - Revolving fund created - Payments into fund - Payments

§ 64-1011. Revolving fund created - Payments into fund - Payments

from fund – Cash fund.

A. There is hereby created a revolving fund for the

Commissioners of the Land Office to be designated the "Commissioners

of the Land Office Revolving Fund". The fund shall be a continuing

fund not subject to fiscal year limitations and into which shall be

paid all fees that may be collected by the Commissioners of the Land

Office, transfers from other revolving funds of the Commissioners of

the Land Office and any monies designated for transfer into the

fund. In addition, available monies received within an annual

period may be added to the fund upon designation by the Secretary of

the Land Office, in such case the funds are hereby appropriated and

may be budgeted and expended by the Commissioners of the Land Office

within the annual period in which received or thereafter in the

performance of the constitutional and statutory trust duties of the

Commissioners of the Land Office. Monies from the fund may be used

to pay for all books, forms, and other necessary equipment and

supplies for the installation and maintenance of a modern system of

accounting, necessary printing expenses, abstracts, refunds,

expenses incidental to the operation of the Land Office, necessary

communication and traveling expenses incurred by the employees of

the Land Office, attorney fees and litigation expenses, collection

costs and expenses, distributions and conservation and commercial

property upgrades. The Commissioners of the Land Office may also

use monies in the revolving fund for any expenses of the Land Office

related to personal services, operating expenses, the purchase of

equipment and for the performance of all duties necessary and as may

be prescribed to carry out the function of the Land Office. All

funds accruing to the fund are hereby appropriated. Monies in the

fund may be invested by the State Treasurer in the manner prescribed

in Section 89.1a et seq. of Title 62 of the Oklahoma Statutes.

Interest income derived from the investment of monies in the fund

shall be credited to and placed in the fund.

B. There is hereby created a cash drawer change fund for the

Commissioners of the Land Office. The fund shall be used as cash

for the Land Office to make change for customers and for the payment

of emergency purchases and bills. The amount held in the fund shall

not exceed One Thousand Dollars ($1,000.00). The initial amount in

the fund shall be drawn by warrant from the revolving fund created

pursuant to subsection A of this section. All adjustments to the

amount retained in the fund shall be by withdrawal and deposit in

Oklahoma Statutes - Title 64. Public Lands

the revolving fund established pursuant to subsection A of this

section upon the filing of a claim with proper receipts showing the

disbursement therefrom. Officers, employees or agents of the Land

Office shall be prohibited from receiving change from the fund.

Added by Laws 1935, p. 109, § 8, emerg. eff. May 14, 1935. Amended

by Laws 1937, p. 125, § 1, emerg. eff. March 29, 1937; Laws 1961, p.

490, § 1, emerg. eff. July 12, 1961; Laws 2010, c. 41, § 7, emerg.

eff. April 2, 2010. Renumbered from § 41 of this title by Laws

2010, c. 41, § 63, emerg. eff. April 2, 2010. Amended by Laws 2012,

c. 114, § 1, eff. July 1, 2012; Laws 2013, c. 250, § 1, emerg. eff.

May 13, 2013; Laws 2014, c. 117, § 1, eff. July 1, 2014.

NOTE: Laws 1961, p. 649, § 4 repealed by Laws 1989, c. 353, § 14,

emerg. eff. June 3, 1989.