Oklahoma § 74-5064.8 - Inventors and Entrepreneurs Program Fund
Full text of Oklahoma Oklahoma Statutes § 74-5064.8 — Inventors and Entrepreneurs Program Fund, with citation guidance and answers to common questions.
§ 74-5064.8. Inventors and Entrepreneurs Program Fund
A. There is hereby created in the State Treasury a separate
revolving fund for the Oklahoma Department of Commerce, to be
designated the "Inventors and Entrepreneurs Program Fund". The fund
shall be a continuing fund, not subject to fiscal year limitations,
and shall consist of all monies received by the Department for
implementation of this act from all funds appropriated thereto by
the Legislature, all fees received pursuant to this act, any federal
funds, gifts, private and matching funds and all contributions
dedicated thereto from private, state, federal or whatever source.
All monies accruing to the credit of said fund are hereby
appropriated and may be budgeted and expended by the Department for
the purpose of implementing this act; however, monies expended for
administrative costs shall not exceed five percent (5%) of the total
amount of monies in said fund. Any amount in said fund not directly
needed to implement the provisions of this act shall go to the
General Revenue Fund of the state. 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.
B. On July 1, 1998, the Inventors and Entrepreneurs Program
Fund shall be abolished and any unencumbered funds remaining in the
Inventors and Entrepreneurs Program Fund shall be transferred to the
credit of the OCAST Research Support Revolving Fund. Any unexpended
funds remaining in the Inventors and Entrepreneurs Program Fund
after November 1, 1998, shall be transferred to the credit of the
OCAST Research Support Revolving Fund.
Added by Laws 1987, c. 121, § 8, eff. Nov. 1, 1987. Amended by Laws
1988, c. 313, § 5, emerg. eff. July 1, 1988; Laws 1994, c. 322, §
30, emerg. eff. June 8, 1994; Laws 1998, c. 250, § 5, eff. July 1,
1998; Laws 2012, c. 304, § 1041.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 74-5064.8
What does Oklahoma Statutes § 74-5064.8 cover?
Section 74-5064.8 ("Inventors and Entrepreneurs Program 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 § 74-5064.8?
A common citation format is "Oklahoma Statutes § 74-5064.8" (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 § 74-5064.8 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.