Oklahoma § 74-5013.1 - Minority Business Development Program Fund

§ 74-5013.1. Minority Business Development Program Fund

There is hereby created in the State Treasury a revolving fund

for the Oklahoma Department of Commerce to be designated the

"Minority Business Development Program Fund". The fund shall be a

continuing fund, not subject to fiscal year limitations. The fund

shall consist of all monies authorized by law for deposit in such

fund including, but not limited to appropriations, gifts, grants,

private donations, fee revenues and funds by governmental entities

authorized to provide funding for the purposes authorized for the

use of the fund. Monies deposited or apportioned to the credit of

the fund may be expended for the purposes of job creation and

enhancement and business creation and expansion of Oklahoma minority

owned businesses pursuant to law. All monies accruing to the credit

of said fund are hereby appropriated and may be budgeted and

expended by the Oklahoma Department of Commerce for purposes

authorized by law. Expenditures from said 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.

Oklahoma Statutes - Title 74. State Government

Added by Laws 1990, c. 266, § 29, operative July 1, 1990.

by Laws 2012, c. 304, § 1029.

Amended