GroundRules
← Search the law
Oklahoma · Snapshot open-us-law v2026.08, retrieved 2026-09-14

Okla. Stat. tit. 52, § 52-288.7: Energy Resources Revolving Fund

Read at publisher ↗
Where this section sits in the code
  1. OK Code
  2. Title 52

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

fund for the Oklahoma Energy Resources Board to be designated the

"Energy Resources Revolving Fund". The fund shall be a continuing

fund, not subject to fiscal year limitations and shall consist of

all monies received by the Oklahoma Energy Resources Board from

assessments received and collected pursuant to Section 288.8A of

this title, donations, grants, contributions and gifts from any

public or private source. The Board may expend funds as provided

for by law. Expenditures from said 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.

B. Of the monies collected and not refunded pursuant to

Sections 288.8A and 288.9A of this title, a minimum of fifty percent

(50%) of said monies collected, including a prorated share of

administrative costs incurred from the effective date of this act,

and not subsequently refunded, shall be expended on environmental

cleanup and remediation projects related to oil and gas pollution

authorized by the Board from a priority list of projects submitted

by the Corporation Commission or, only in the absence of Corporation

Commission jurisdiction, projects submitted by other appropriate

state agencies.

C. None of the monies collected and not refunded pursuant to

Sections 288.8A and 288.9A of this title shall be used for travel

expenses of any member of the Oklahoma Legislature.

Collected 2026-09-14T18:32:36Z. Source file · JSON

Browse this collection