Oklahoma § 74-3909 - One-year period for ceasing affairs - Abolition Transfer of funds to General Revenue Fund - Payment of debts Equipment and supplies - Other obligations

§ 74-3909. One-year period for ceasing affairs - Abolition Transfer of funds to General Revenue Fund - Payment of debts Equipment and supplies - Other obligations

Oklahoma Statutes - Title 74. State Government

A. Except as otherwise provided by law, any statutory entity

listed in Sections 3903 through 3908 of this title which is

terminated shall have a period of one (1) year after its termination

date for the purpose of ceasing its affairs and termination shall

not reduce or otherwise limit the powers, duties, or functions of

said entity. Upon the expiration of the one-year period, the entity

and its personnel positions shall be abolished.

B. Except as otherwise provided by law, one (1) year after the

termination date of a statutory entity, the State Treasurer shall

transfer all funds of that entity to the General Revenue Fund. All

debts of that entity shall be paid by the State Treasurer from the

funds of that statutory entity. All equipment, files, fixtures,

furniture, and supplies of the terminated entity shall be

transferred to the Office of Management and Enterprise Services to

be stored or disposed of as specified by law. Any other outstanding

obligations or functions remaining to be performed after termination

of an entity shall be performed by the Office of Management and

Enterprise Services until provisions are made for such obligations

or functions by the Legislature.

Added by Laws 1977, c. 9, § 9, emerg. eff. March, 10, 1977. Amended

by Laws 1983, c. 304, § 160, eff. July 1, 1983; Laws 1985, c. 92, §

1, eff. July 1, 1985; Laws 2012, c. 304, § 1009.