Okla. Stat. tit. 59, § 59-519.8a: Physician Assistant Preceptor Tax Credit Revolving

Fund.

There is hereby created in the State Treasury a revolving fund

for the State Board of Medical Licensure and Supervision to be

designated the “Physician Assistant Preceptor Tax Credit Revolving

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

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

Board from a portion of licensure fees received from physician

assistants under subsection I of Section 1 of this act. All monies

accruing to the credit of the fund are hereby appropriated and the

fund shall be used to make a transfer payment to the Oklahoma Tax

Commission in an amount equal to the amount of tax credits awarded

pursuant to this act. The Oklahoma Tax Commission shall apportion

monies transferred from the fund in the same manner as provided by

Section 2352 of Title 68 of the Oklahoma Statutes. Monies in the

fund which are not required for payment of administrative expenses

to the Health Care Workforce Training Commission, which shall not

exceed five percent (5%) of monies apportioned to the fund, or which

are not required to be transferred to the Oklahoma Tax Commission as

otherwise required by this act to offset the revenue impacted by the

use of the income tax credits awarded pursuant to Section 1 of this

act may be used to implement programs required or authorized by law.