Oklahoma § 68-55010 - Oklahoma Emission Reduction Technology Upstream and
Full text of Oklahoma Oklahoma Statutes § 68-55010 — Oklahoma Emission Reduction Technology Upstream and, with citation guidance and answers to common questions.
§ 68-55010. Oklahoma Emission Reduction Technology Upstream and
Midstream Incentive Revolving Fund — Oklahoma Emission Reduction
Technology Downstream Incentive Revolving Fund.
A. There is hereby created in the State Treasury a revolving
fund for the Oklahoma Tax Commission to be designated the "Oklahoma
Emission Reduction Technology Upstream and Midstream Incentive
Revolving Fund". The fund shall be a continuing fund, not subject
to fiscal year limitations, and shall consist of all monies received
by the Tax Commission from any public or private donations,
contributions, and gifts received for the benefit of the fund and
any amounts appropriated by the Legislature designated for deposit
in the fund. All monies accruing to the credit of the fund are
hereby appropriated and may be budgeted and expended by the Tax
Oklahoma Statutes - Title 68. Revenue and Taxation
Commission for the purpose of paying rebates for emission reduction
projects, except for projects pertaining to refining activities, as
provided in the Oklahoma Emission Reduction Technology Incentive
Act. Expenditures from the 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. Any remaining unencumbered
balance upon the cessation of the Oklahoma Emission Reduction
Technology Rebate Program, as provided in Section 55012 of this
title, shall be transferred to the General Revenue Fund of this
state.
B. There is hereby created in the State Treasury a revolving
fund for the Oklahoma Tax Commission to be designated the "Oklahoma
Emission Reduction Technology Downstream Incentive Revolving Fund".
The fund shall be a continuing fund, not subject to fiscal year
limitations, and shall consist of all monies received by the Tax
Commission from any public or private donations, contributions, and
gifts received for the benefit of the fund and any amounts
appropriated by the Legislature designated for deposit in the fund.
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 for emission reduction projects
pertaining to refining activities as provided in this act.
Expenditures from the 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. Any remaining unencumbered balance upon the
cessation of the Oklahoma Emission Reduction Technology Rebate
Program, as provided in Section 55012 of this title, shall be
transferred to the General Revenue Fund of this state.
Added by Laws 2022, c. 346, § 5, eff. July 1, 2022. Amended by Laws
2024, c. 353, § 4, eff. July 1, 2024.
Frequently Asked Questions About Oklahoma § 68-55010
What does Oklahoma Statutes § 68-55010 cover?
Section 68-55010 ("Oklahoma Emission Reduction Technology Upstream and") 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 § 68-55010?
A common citation format is "Oklahoma Statutes § 68-55010" (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 § 68-55010 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.