Okla. Stat. tit. 62, § 62-9010.5: Pay for Success Innovation Fund

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

fund for the Office of Management and Enterprise Services to be

designated the "Pay for Success Innovation Fund". The fund shall be

a continuing fund, not subject to fiscal year limitations, and shall

consist of all monies designated by state agencies to the Pay for

Success Innovation Fund and monies which may otherwise be available

to the Office of Management and Enterprise Services for use as

provided for in this section.

B. All monies appropriated to the fund shall be budgeted and

expended by the Office of Management and Enterprise Services for the

purpose of funding contracts as authorized by this act. Pursuant to

contract, the Office of Management and Enterprise Services shall

provide payment to private entities for the delivery of performance

targets and outcome measures at the direction of the agency engaged

in the contract and only in accordance with the terms of the pay-

for-success contract.

C. To the extent that any money credited to this fund for a

particular pay-for-success contract remains unpaid at the time the

particular contract expires or is terminated, as soon after the

contract expiration as is practicable, the Office of Management and

Enterprise Services shall return the unpaid amount to the agency to

which the money was originally appropriated.

D. The Office of Management and Enterprise Services may enter

into memorandums of understanding with other agencies and promulgate

rules as necessary to administer this section and pay-for-success

contracts entered into under this section.