§ 12A-1-9-525.1. Disposition of fees.

DISPOSITION OF FEES

(a)  There is hereby created a cash account to be known as the “Oklahoma County Clerk’s Uniform Commercial Code Central Filing Fund”.  The fund shall be a continuing fund, not subject to fiscal year limitations, and shall consist of all fees and penalties collected pursuant to Section 1-9-525 of this title by the county clerk of Oklahoma County, all monies otherwise credited to the account, and any interest accruing thereon.

(b)  Monies in this account shall be expended in the following amounts for the following purposes:

(1)  Of the fees collected pursuant to paragraphs (1) and (2) of subsection (a) of Section 1-9-525 of this title, Five Dollars ($5.00) shall be paid monthly by the thirtieth day following the month in which collected to the general fund of Oklahoma County as a liquidated fee for capital and other expenses associated with operation of the filing office; and

(2)  All other fees or parts of fees and any interest accruing to this account shall be expended by the county clerk of Oklahoma County for the lawful operation of the filing office.

(c)  The county clerk of Oklahoma County may, by rule, establish prepaid fee accounts.  If adopted, the rule shall provide for at least the following:

(1)  An application for an account on a form prescribed in the rule;

(2)  A one-time application fee of not more than Twenty Dollars ($20.00);

(3)  Acceptable methods of making deposits to an account;

(4)  Any requirements for a minimum initial deposit, a minimum balance, and a minimum amount for subsequent deposits;

(5)  The fees and penalties which may be paid from the account;

(6)  Procedures for making deposits to and payments from an account; and

(7)  Procedures for closing an account.

Added by Laws 2000, c. 371, § 104, eff. July 1, 2001.