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Oklahoma Administrative Code (Last Updated: March 11, 2021) |
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TITLE 432. Commission on Marginally Producing Oil and Gas Wells |
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Chapter 1. Administrative Operations |
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Subchapter 3. Organization, Funding and Actions of the Commission |
SECTION 432:1-3-2. Funding
Latest version.
- (a) The activities of the Commission are funded primarily by the Fee, which shall be deposited into the Revolving Fund after deduction of the Administrative Fee of the Oklahoma Tax Commission.(b) Other revenues may be credited to the Revolving Fund, including grants from government or private sources for the purpose of administering programs of research and disseminating the results of such research.(c) All revenues accruing to the credit of the Revolving Fund may be budgeted and expended by the Commission for any and all necessary expenses for the operation of said Commission.(d) Expenditures from the Revolving Fund shall be made upon warrants issued by the State Treasurer against claims filed as prescribed by law to the Director of State Finance for approval and payment.