Oklahoma § 68-1403 - Purpose of article - Apportionment of revenues

§ 68-1403. Purpose of article - Apportionment of revenues

A. It is hereby declared to be the purpose of Section 1401 et

seq. of this title to provide for the support of the functions of

the state and local government of Oklahoma; and for this purpose and

to this end, it is hereby expressly provided that the revenues

derived hereunder, subject to the apportionment provided in

subsection B of this section and to the apportionment requirements

for the Oklahoma Tax Commission and Office of Management and

Enterprise Services Joint Computer Enhancement Fund provided by

Section 265 of this title, are hereby apportioned as follows:

1. The following amounts shall be paid by the Tax Commission to

the State Treasurer and placed to the credit of the General Revenue

Fund to be paid out pursuant to direct appropriation by the

Legislature:

Oklahoma Statutes - Title 68. Revenue and Taxation

Fiscal Year

Amount

FY 2004

85.35%

FY 2005

85.14%

FY 2006

85.54%

FY 2007

85.04%

FY 2008 through FY 2022

83.61%

FY 2023 through FY 2027

83.36%

FY 2028 and each fiscal year thereafter

83.61%;

2. The following amounts shall be paid to the State Treasurer

to be placed to the credit of the Education Reform Revolving Fund of

the State Department of Education:

a.

for FY 2020, ten and forty-six one-hundredths percent

(10.46%),

b.

for FY 2021:

(1) for the month beginning July 1, 2020, through the

month ending August 31, 2020, ten and forty-six

one-hundredths percent (10.46%), and

(2) for the month beginning September 1, 2020,

through the month ending June 30, 2021, eleven

and ninety-six one-hundredths percent (11.96%),

and

c.

for FY 2022 and each fiscal year thereafter, ten and

forty-six one-hundredths percent (10.46%);

3. The following amounts shall be paid to the State Treasurer

to be placed to the credit of the Teachers' Retirement System

Dedicated Revenue Revolving Fund:

Fiscal Year

Amount

FY 2003 and FY 2004

3.54%

FY 2005

3.75%

FY 2006

4.0%

FY 2007

4.5%

FY 2008 through FY 2020

5.0%

FY 2021:

a.

for the month beginning July

1, 2020, through the month

ending August 31, 2020

5.0%

b.

for the month beginning

September 1, 2020, through

the month ending June 30,

2021

3.5%

FY 2022

5.0%

FY 2023 through FY 2027

5.25%

FY 2028 and each fiscal year thereafter

5.0%;

4. a.

except as otherwise provided in subparagraph b of this

paragraph, for the fiscal year beginning July 1, 2015,

and for each fiscal year thereafter, eighty-seven one-

Oklahoma Statutes - Title 68. Revenue and Taxation

hundredths percent (0.87%) shall be paid to the State

Treasurer to be further apportioned as follows:

(1) thirty-six percent (36%) shall be placed to the

credit of the Oklahoma Tourism Promotion

Revolving Fund, but in no event shall such

apportionment exceed the total amount apportioned

pursuant to this division for the fiscal year

ending on June 30, 2015, and

(2) sixty-four percent (64%) shall be placed to the

credit of the Oklahoma Tourism Capital

Improvement Revolving Fund, but in no event shall

such apportionment exceed the total amount

apportioned pursuant to this division for the

fiscal year ending on June 30, 2015, and

b.

any amounts which exceed the limitations of

subparagraph a of this paragraph shall be placed to

the credit of the General Revenue Fund; and

5. For the fiscal year beginning July 1, 2015, and for each

fiscal year thereafter, six one-hundredths percent (0.06%) shall be

placed to the credit of the Oklahoma Historical Society Capital

Improvement and Operations Revolving Fund, but in no event shall

such apportionment exceed the total amount apportioned pursuant to

this paragraph for the fiscal year ending on June 30, 2015. Any

amounts which exceed the limitations of this paragraph shall be

placed to the credit of the General Revenue Fund.

B. Prior to the apportionments otherwise provided in this

section, there shall be apportioned to the Education Reform

Revolving Fund of the State Department of Education the following

amounts in the following state fiscal years:

FY 2019

$19,600,000.00; and

FY 2020 and each year thereafter

$20,500,000.00.

Added by Laws 1963, c. 368, § 2, emerg. eff. June 18, 1963.

Renumbered from § 14-1403 of this title by Laws 1965, c. 215, § 2.

Amended by Laws 1977, c. 113, § 2, eff. July 1, 1977; Laws 1996, c.

269, § 4, eff. June 1, 1996; Laws 1999, c. 254, § 9, eff. June 30,

1999; Laws 2002, c. 482, § 2, eff. July 1, 2002; Laws 2003, c. 3, §

65, emerg. eff. March 19, 2003; Laws 2005, c. 479, § 15, eff. July

1, 2005; Laws 2006, 2nd Ex. Sess., c. 44, § 18, eff. July 1, 2007;

Laws 2007, c. 105, § 4, eff. Nov. 1, 2007; Laws 2007, c. 366, § 4,

eff. Nov. 1, 2007; Laws 2008, c. 278, § 9, eff. July 1, 2008; Laws

2010, c. 466, § 2, eff. July 1, 2010; Laws 2012, c. 304, § 542; Laws

2015, c. 349, § 2, eff. July 1, 2015; Laws 2018, 2nd Ex. Sess., c.

17, § 9, emerg. eff. April 10, 2018; Laws 2020, c. 15, § 2, eff.

Sept. 1, 2020; Laws 2021, c. 490, § 1, eff. July 1, 2021.

NOTE: Laws 2002, c. 458, § 8 repealed by Laws 2003, c. 3, § 66,

emerg. eff. March 19, 2003.

Oklahoma Statutes - Title 68. Revenue and Taxation