Oklahoma § 74-5060.11 - Research Support Revolving Fund

§ 74-5060.11. Research Support Revolving Fund

There is hereby created in the State Treasury a revolving fund

for the Oklahoma Center for the Advancement of Science and

Technology to be designated the "Research Support Revolving 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, gifts,

grants, private donations, fee revenues and funds by government

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 in excess of that required for implementation of

the program or programs for which expenditures from the fund are

authorized may be transferred to any other fund under the control of

the Center. All monies accruing to the credit of said fund are

hereby appropriated and may be budgeted and expended by the Oklahoma

Center for the Advancement of Science and Technology 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.

Added by Laws 1987, c. 222, § 26, operative July 1, 1987. Amended

by Laws 1988, c. 246, § 11, operative July 1, 1988; Laws 1995, c.

279, § 2, eff. July 1, 1995; Laws 2012, c. 304, § 1036.