Oklahoma § 74-5060.41 - Science and Technology Council Revolving Fund

§ 74-5060.41. Science and Technology Council Revolving Fund

There is hereby created in the State Treasury a revolving fund

for the Science and Technology Council to be designated the Science

and Technology Council Revolving Fund. The fund shall be a

continuing fund, not subject to fiscal year limitations, and shall

consist of monies appropriated to the Oklahoma Center for the

Advancement of Science and Technology designated for the Council and

of such gifts or other income as may be designated for the use of

the Council. All monies accruing to the credit of the fund are

hereby appropriated and may be budgeted and expended by the Oklahoma

Center for the Advancement of Science and Technology for the

Council. Purposes for use of the monies shall include, but not be

limited to, salaries and other personnel expenses, travel, contracts

for marketing analysis, and expertise and other expenses for

business plan development. The Center shall review all uses of the

monies and provide for audit of the fund by the State Auditor and

Inspector at least once every three (3) years.

Added by Laws 2001, c. 420, § 1, eff. July 1, 2001.