Oklahoma § 74-2276.1 - Oklahoma State Park Trust Fund

§ 74-2276.1. Oklahoma State Park Trust Fund

A. There is hereby created a trust fund to be known as the

“Oklahoma State Park Trust Fund”. The Oklahoma Tourism and

Recreation Commission shall be the trustees of the trust fund.

B. 1. The Commission may utilize five percent (5%) of the

principal of the trust fund annually to:

a.

protect and conserve state park lands, but shall not

include routine maintenance expenses of the state

parks,

b.

preserve historic properties under the jurisdiction of

the Commission,

c.

provide for one-time capital upgrades and improvements

of state park resources, and

d.

pay fees and expenses associated with the services of

a custodian of the trust fund.

2. Beginning July 1, 2012, and ending June 30, 2020, the

Commission may utilize funds not to exceed Fifteen Million Dollars

($15,000,000.00) from the principal of the trust fund to construct

and maintain a lodge and any associated facilities deemed necessary

by the Commission at the Lake Murray State Park.

3. Beginning July 1, 2025, and ending June 30, 2030, the

Commission may utilize funds not to exceed Five Million Dollars

($5,000,000.00) from the principal of the trust fund to construct

and maintain a lodge and any associated facilities deemed necessary

by the Commission.

C. The Commission shall give priority for funding to the state

park from which the revenues were initially derived.

D. The trust fund principal shall consist of monies from any

and all mineral lease payments, seismograph fees, royalty payments,

or other payments associated with oil and gas mineral operations at

state parks that are managed by the Oklahoma Tourism and Recreation

Department, any funds appropriated or transferred to the trust fund

by the Legislature, and any monies or assets contributed to the

trust fund from any other source, public or private.

Oklahoma Statutes - Title 74. State Government

E. Notwithstanding other provisions of law, income and

investment return on trust fund principal shall accrue to the trust

fund for use as provided by authorization of the trustees for the

purposes listed in subsection B of this section. Except as provided

for in subsection B of this section, no income or investment return

or principal shall be used for administrative expenses of the

Oklahoma Tourism and Recreation Department or expenses incurred by

the Commission in the administration of the trust fund.

Added by Laws 2006, c. 67, § 2, emerg. eff. April 20, 2006. Amended

by Laws 2007, c. 106, § 3, eff. July 1, 2007; Laws 2012, c. 178, §

1, eff. July 1, 2012; Laws 2025, c. 435, § 1, eff. July 1, 2025.