Okla. Stat. tit. 27A, § 27A-3-3-502: Revolving fund

A. There is hereby created in the State Treasury a revolving

fund for the Oklahoma Conservation Commission to be designated the

"Oklahoma Conservation Commission Municipal Infrastructure Cost-

Share Revolving Fund".

B. The fund shall be a continuing fund, not subject to fiscal

year limitations, and shall consist of all monies received by the

Oklahoma Conservation Commission in the form of gifts, grants,

reimbursements, donations, industry contributions, state

appropriations, funds allocated by federal agencies for cost-share

programs and such other monies specifically designated for the

Oklahoma Conservation Commission Municipal Infrastructure Cost-Share

Program. All monies accruing to the credit of said fund are hereby

appropriated and may be budgeted and expended by the Commission for

the Municipal Infrastructure Conservation Cost-Share Program; and

interest attributable to investment of money in the Oklahoma

Conservation Commission Municipal Infrastructure Cost-Share

Revolving Fund.

C. All donations or other proceeds received by the Commission

pursuant to the provisions of this section shall be deposited with

the State Treasurer to be credited to the Oklahoma Conservation

Commission Municipal Infrastructure Cost-Share Revolving Fund.

Expenditures from the fund shall be made upon warrants issued by the

State Treasurer against claims filed as prescribed by law with the

Director of the Office of Management and Enterprise Services for

approval and payment.

D. All monies accruing to the credit of said fund are hereby

appropriated and may be budgeted and expended by the Oklahoma

Conservation Commission for the purpose of matching municipal or

rural water district funds for the rehabilitation of watershed dams

and for the Conservation Cost-Share Program and the Conservation

Reserve Enhancement Program pursuant to the Oklahoma Conservation

Commission Municipal Infrastructure Cost-Share Program.

E. Expenditures from the fund shall be made upon warrants

issued by the State Treasurer against claims filed as prescribed by

law with the Director of the Office of Management and Enterprise

Services for approval and payment.

F. No more than five percent (5%) of the monies in the fund

shall be used for the payment of administrative expenses, salary or

any other continuing obligation of the Oklahoma Conservation

Commission.