Oklahoma § 82-1801.4 - Funding – Voluntary Participation Account

§ 82-1801.4. Funding – Voluntary Participation Account

A. Funding to administer the provisions of the Oklahoma Weather

Modification Act shall be provided by an appropriation of up to One

Million Dollars ($1,000,000.00) made pursuant to law. In addition,

voluntary participation by insurance companies and other interested

persons, firms or corporations to reach a goal of Two Million

Dollars ($2,000,000.00) for a total of Three Million Dollars

($3,000,000.00) for the first year of the program. Goals for

Oklahoma Statutes - Title 82. Waters and Water Rights

successive years will be Three Million Dollars ($3,000,000.00) from

the insurance companies and other interested parties. Voluntary

assessments for insurance companies pursuant to this section shall

be based on the amount of insurance premiums written in this state

on property insurance, as defined in Section 704 of Title 36 of the

Oklahoma Statutes, and casualty insurance as defined in Section 707

of Title 36 of the Oklahoma Statutes, excluding accident and health

insurance, workers' compensation insurance, burglary and theft

insurance, leakage and fire extinguishing equipment insurance,

credit insurance, malpractice insurance, and entertainments

insurance.

B. Funding assessments to the insurance companies related to

the provisions of this section shall be administered by the State

Insurance Department. The Insurance Department shall be authorized

to employ one additional full-time employee to perform these duties,

funding for which shall be provided by proceeds derived from the

provisions of this act. The State Insurance Department is hereby

authorized to promulgate rules necessary to implement the provisions

of this section.

C. There is hereby created an account within the Oklahoma

Weather Modification Revolving Fund created pursuant to Section

1085.6 of this title. The account shall be designated as the

"Voluntary Participation Account" and shall consist of all monies

received on behalf of the Oklahoma Weather Modification program

pursuant to this act. All monies accruing to the credit of the

account are hereby appropriated and may be budgeted and expended by

the Oklahoma Weather Modification Advisory Board for expenses

relating to administration, duties, operations, maintenance, special

projects and acquisitions for the Weather Modification Program.

Expenditures from the account 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 1999, c. 400, § 4, emerg. eff. June 10, 1999. Amended

by Laws 2012, c. 304, § 1073.

Oklahoma Statutes - Title 82. Waters and Water Rights