Oklahoma § 74-5012 - Oklahoma Department of Commerce Revolving Fund
Full text of Oklahoma Oklahoma Statutes § 74-5012 — Oklahoma Department of Commerce Revolving Fund, with citation guidance and answers to common questions.
§ 74-5012. Oklahoma Department of Commerce Revolving Fund
A. There is hereby created the "Oklahoma Department of Commerce
Revolving Fund". The fund shall consist of all monies, other than
appropriated monies, received by the Department which are not
directed to be placed into another fund. The fund shall be a
continuing fund not subject to fiscal year limitations and shall be
subject to the administrative direction of the Oklahoma Department
of Commerce. Expenditures from the fund shall be made upon warrants
issued by the State Treasurer against claims submitted to the
Director of the Office of Management and Enterprise Services.
Monies in the fund may be expended for the operating expenses of the
Department and shall be made pursuant to the laws of this state.
B. On July 1, 1986, any unallotted cash balance in the funds
created in Sections 678 and 2008 of this title shall be transferred
to the Oklahoma Department of Commerce Revolving Fund. All
outstanding financial obligations and encumbrances of the funds
created in Sections 678 and 2008 of this title are hereby
transferred to the Oklahoma Department of Commerce. After November
15, 1986, any unexpended balance in the funds created in Sections
678 and 2008 of this title shall be transferred to the Oklahoma
Department of Commerce Revolving Fund.
Added by Laws 1986, c. 207, § 18, operative July 1, 1986. Amended
by Laws 2012, c. 304, § 1027.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 74-5012
What does Oklahoma Statutes § 74-5012 cover?
Section 74-5012 ("Oklahoma Department of Commerce Revolving 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 § 74-5012?
A common citation format is "Oklahoma Statutes § 74-5012" (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 § 74-5012 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.