Oklahoma § 68-3645.6 - Large-scale Economic Activity and Development Fund
Full text of Oklahoma Oklahoma Statutes § 68-3645.6 — Large-scale Economic Activity and Development Fund, with citation guidance and answers to common questions.
§ 68-3645.6. Large-scale Economic Activity and Development Fund
(LEAD Fund).
A. There is hereby created in the State Treasury a fund for the
Oklahoma Tax Commission to be designated the "Large-scale Economic
Oklahoma Statutes - Title 68. Revenue and Taxation
Activity and Development Fund", also known as the "LEAD Fund". The
fund shall be a continuing fund, not subject to fiscal year
limitations, and shall consist of all monies designated for deposit
to the fund by law. All monies accruing to the credit of the fund
are hereby appropriated and may be budgeted and expended by the Tax
Commission for the purpose of paying rebates as provided in the
Large-scale Economic Activity and Development Act of 2022.
Expenditures from such 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.
B. All unencumbered funds remaining in the Large-scale Economic
Activity and Development Fund upon the expiration of the Large-scale
Economic Activity and Development Act of 2022 shall be transferred
to the State Treasurer for deposit in the General Revenue Fund.
C. If the Oklahoma Department of Commerce has not received a
binding commitment from a primary establishment for an investment
determined by the Department to qualify for payment under the
provisions of division (1) of subparagraph a of paragraph 1 of
subsection E of Section 3645.4 of this title by April 15, 2023, all
unencumbered funds remaining in the Large-scale Economic Activity
and Development Fund shall be transferred to the State Treasurer for
deposit in the General Revenue Fund of the State Treasury for the
fiscal year ending June 30, 2022.
Added by Laws 2022, c. 66, § 6. Amended by Laws 2023, c. 1, § 2,
emerg. eff. March 2, 2023.
Frequently Asked Questions About Oklahoma § 68-3645.6
What does Oklahoma Statutes § 68-3645.6 cover?
Section 68-3645.6 ("Large-scale Economic Activity and Development 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 § 68-3645.6?
A common citation format is "Oklahoma Statutes § 68-3645.6" (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 § 68-3645.6 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.