§ 3A-204.1A. Oklahoma Horse Racing Commission Revolving Fund abolished.  


Latest version.
  • A.  The Oklahoma Horse Racing Commission Revolving Fund is hereby abolished.

    B.  All unencumbered balances contained in the Oklahoma Horse Racing Commission Revolving Fund as of July 1, 1986, shall be deposited to the credit of the General Revenue Fund of the State Treasury.  The Director of State Finance shall be authorized to transfer the unencumbered balance described by this subsection to the General Revenue Fund.

    C.  Any unexpended balance contained in the Oklahoma Horse Racing Commission Revolving Fund as of November 15, 1986, shall be transferred and deposited to the credit of the General Revenue Fund of the State Treasury.  The Director of State Finance shall be authorized to transfer the unexpended balance described by this subsection to the General Revenue Fund.

    D.  All funds received by the Commission from fees, fines, reimbursements, and sale of materials shall be deposited to the credit of the General Revenue Fund of the State Treasury.

Added by Laws 1986, c. 223, § 9, operative July 1, 1986.