Okla. Stat. tit. 52, § 52-288.5C: Transferring the authority of the Commission on

Marginally Producing Oil - terminating terms - transferring funds.

A. Effective July 1, 2013, all duties, assets and obligations

of the Commission on Marginally Producing Oil and Gas Wells created

pursuant to Section 700 of Title 52 of the Oklahoma Statutes shall

be transferred to the authority of the Committee for Sustaining

Oklahoma's Energy Resources created pursuant to Section 288.5A of

Title 52 of the Oklahoma Statutes.

B. Effective July 1, 2013, the terms of the members of the

Commission on Marginally Producing Oil and Gas Wells appointed

pursuant to the provisions of Section 700 of Title 52 of the

Oklahoma Statutes shall be terminated.

C. Effective July 1, 2013, all unclassified full-time-

equivalent, part-time, and temporary employees of the Commission on

Marginally Producing Oil and Gas Wells shall be terminated.

Employees shall be paid for any accrued annual leave and may be

eligible for other benefits as provided by law.

D. Activities and functions previously performed by the

Commission on Marginally Producing Oil and Gas Wells shall be under

the responsibility of the Committee for Sustaining Oklahoma's Energy

Resources or a successor committee as provided by law. The

Committee may organize itself, create subcommittees or adopt

procedures as deemed necessary and appropriate and consistent with

the provisions of this act to implement the provisions of this act

and carry out the functions and duties of the Commission on

Marginally Producing Oil and Gas Wells with the exception of making

annual reports as required by paragraph 7 of subsection A of Section

701 of Title 52 of the Oklahoma Statutes.

E. Monies remaining in the Commission on Marginally Producing

Oil and Gas Wells Revolving Fund created in Section 705 of Title 52

of the Oklahoma Statutes shall be transferred to the credit of the

Sustaining Oklahoma's Energy Resources Revolving Fund created in

Section 288.5B of Title 52 of the Oklahoma Statutes for use as

provided in this act.

F. The Committee for Sustaining Oklahoma's Energy Resources

with the advice and consent of the Oklahoma Energy Resources Board

is authorized to promulgate any rules necessary to implement the

provisions of this act. The Secretary of Energy may provide

assistance as necessary to oversee the transfer of duties, assets

and obligations pursuant to this act.