SECTION 730:10-11-2. Financing; authorized expenditures

(a)   A revolving fund was created and designed as "County Road Machinery and Equipment Revolving Fund," consisting of all appropriations and deposits resulting from lease, lease purchase, sale or resale of equipment purchased out of monies in the revolving fund.

(b)   All purchases of new, surplus or used road machinery and equipment, for use by the counties as provided by this program, shall be charged to this fund.

(c)   Any cost to repair or recondition machinery and equipment performed by the Department may be charged to this fund.

(d)   All cost to administer this program may be charged to this fund.

(e)   The cost to acquire space for storing road machinery and equipment may be charged to this fund.

(f)   Any costs or expenses necessarily incurred by the Department of Transportation in the administration of a county inventory system for materials, supplies, and equipment used for the construction and maintenance of roads and bridges as provided in Section 658 may be paid from this fund.

[Source: Amended at 16 Ok Reg 1258, eff 5-13-99; Amended at 17 Ok Reg 1368, eff 5-11-00]