SECTION 155:15-1-15. Future set-aside

Latest version.

(a)   The Commission may receive and retain without regard to the three-year limitation referred to in Section 402(g)(1)(D) of the Act, up to 10 percent of the total of the funds distributed annually to the Commission, pursuant to the authority in Sections 402(g)(1) and (5) of SMCRA for a future set-aside fund if such amounts were awarded before December 20, 2006.
(b)   The Commission must deposit all set-aside funds awarded into a special fund established under State law. The Commission must expend amounts awarded (together with all interest earned on such amounts) solely to achieve the priorities stated in section 403(a) of SMCRA.
(c)   Moneys the Commission deposited in the special fund account, together with any interest earned, are considered State moneys.

[Source: Added at 12 Ok Reg 3480, eff 9-11-95; Amended at 27 Ok Reg 2473, eff 8-2-10]

                    
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