Okla. Stat. tit. 68, § 68-1103: Deposit, apportionment and use of proceeds of tax

A. 1. Prior to July 1, 2026, and as provided in Section 1103.1

of this title, all monies derived from the levy of the excise tax on

petroleum oil provided for by Section 1101 of this title shall be

deposited with the State Treasurer, who shall credit and apportion

the same as follows:

a. eighty-two and six hundred thirty-four thousandths

percent (82.634%) of said excise tax shall be credited

to the General Revenue Fund of the State Treasury;

provided, in each fiscal year beginning on or after

July 1, 2013, the first One Million Three Hundred

Fifty Thousand Dollars ($1,350,000.00) which would

otherwise have been apportioned to the General Revenue

Fund pursuant to this subparagraph shall be

transferred to the Oil and Gas Division Revolving Fund

of the Oklahoma Corporation Commission,

b. ten and five hundred twenty-six thousandths percent

(10.526%) shall be credited and apportioned to a

separate and distinct fund to be known as the

"Corporation Commission Plugging Fund", and

c. the remaining six and eighty-four hundredths percent

(6.84%) of said excise tax shall be credited and

apportioned to a separate and distinct fund to be

known as "The Interstate Oil Compact Fund of

Oklahoma", which fund is hereby created.

2. Prior to July 1, 2026, and as provided in Section 1103.1 of

this title, all monies derived from the levy of the excise tax on

natural gas and/or casinghead gas provided for by Section 1102 of

this title shall be deposited with the State Treasurer, who shall

credit and apportion the same as follows:

a. eighty-two and six thousand forty-five ten thousandths

percent (82.6045%) of said excise tax shall be

credited to the General Revenue Fund of the State

Treasury; provided, in each fiscal year beginning on

or after July 1, 2013, the first One Million Three

Hundred Fifty Thousand Dollars ($1,350,000.00) which

would otherwise have been apportioned to the General

Revenue Fund pursuant to this subparagraph shall be

transferred to the Oil and Gas Division Revolving Fund

of the Oklahoma Corporation Commission,

b. ten and five thousand five hundred fifty-five ten

thousandths percent (10.5555%) shall be credited and

apportioned to the Corporation Commission Plugging

Fund, and

c. six and eighty-four hundredths percent (6.84%) of said

excise tax shall be credited and apportioned to The

Interstate Oil Compact Fund of Oklahoma.

3. Prior to July 1, 2026, and as provided in Section 1103.1 of

this title, all monies to accrue to The Interstate Oil Compact Fund

of Oklahoma under the provisions of this article, together with all

monies remaining unexpended in The Interstate Oil Compact Fund of

Oklahoma created under this subsection are hereby appropriated and

shall be used for the payment of the compensation of the assistant

representative of the State of Oklahoma on The Interstate Oil

Compact Commission, the compensation of such clerical, technical and

legal assistants as he or she may with the consent of the Governor

employ; the actual and necessary traveling expenses of the assistant

representative and employees, and of the Governor when traveling in

the Governor's capacity as official representative of the State of

Oklahoma on The Interstate Oil Compact Commission; all items of

office expense including the cost of office supplies and equipment;

such contributions as the Governor shall deem necessary and proper

to pay to The Interstate Oil Compact Commission to defray its

expenses; and such other necessary expenses as may be incurred in

enabling the State of Oklahoma to fully cooperate in accomplishing

the objects of the Interstate Compact to conserve oil and gas. The

fund shall be disbursed by the State Treasurer upon sworn, itemized

claims approved by the assistant representative and the Governor;

provided, that if at the end of any fiscal year any part of the

penses; and such other necessary expenses as may be incurred in

enabling the State of Oklahoma to fully cooperate in accomplishing

the objects of the Interstate Compact to conserve oil and gas. The

fund shall be disbursed by the State Treasurer upon sworn, itemized

claims approved by the assistant representative and the Governor;

provided, that if at the end of any fiscal year any part of the

special fund shall remain unexpended, such balance shall be

transferred by the State Treasurer to, and become a part of, the

General Revenue Fund of the state for the ensuing fiscal year.

Provided, further, that if the State of Oklahoma withdraws from the

Interstate Compact to conserve oil and gas, any unencumbered monies

in The Interstate Oil Compact Fund of Oklahoma shall be transferred

to and become a part of the General Revenue Fund of the State

Treasury and thereafter the excise tax on petroleum oil, natural gas

and/or casinghead gas levied by this article shall be levied,

collected and deposited in the General Revenue Fund of the State

Treasury.

4. All monies to accrue to the Corporation Commission Plugging

Fund are hereby appropriated and shall be used for payment of

expenses related to the statutory purpose of the fund.

The provisions of this subsection shall terminate on June 30,

2026.

B. 1. Beginning on July 1, 2026, all monies derived from the

levy of the excise tax on petroleum oil provided for by Section 1101

of this title shall be deposited with the State Treasurer, who shall

credit and apportion the same as follows:

a. ninety-two and thirty-five hundredths percent (92.35%)

of said excise tax shall be credited and apportioned

to the General Revenue Fund of the State Treasury;

provided, in each fiscal year beginning on or after

July 1, 2013, the first One Million Three Hundred

Fifty Thousand Dollars ($1,350,000.00) which would

otherwise have been apportioned to the General Revenue

Fund pursuant to this subparagraph shall be

transferred to the Oil and Gas Division Revolving Fund

of the Oklahoma Corporation Commission, and

b. the remaining seven and sixty-five hundredths percent

(7.65%) of said excise tax shall be credited and

apportioned to a separate and distinct fund to be

known as "The Interstate Oil Compact Fund of

Oklahoma", which fund is hereby created.

2. Beginning on July 1, 2026, all monies derived from the levy

of the excise tax on natural gas and/or casinghead gas provided for

by Section 1102 of this title shall be deposited with the State

Treasurer, who shall credit and apportion the same as follows:

a. ninety-two and thirty-five hundredths percent (92.35%)

of said excise tax shall be credited and apportioned

to the General Revenue Fund of the State Treasury;

provided, in each fiscal year beginning on or after

July 1, 2013, the first One Million Three Hundred

Fifty Thousand Dollars ($1,350,000.00) which would

otherwise have been apportioned to the General Revenue

Fund pursuant to this subparagraph shall be

transferred to the Oil and Gas Division Revolving Fund

of the Oklahoma Corporation Commission, and

b. seven and sixty-five hundredths percent (7.65%) of

said excise tax shall be credited and apportioned to

The Interstate Oil Compact Fund of Oklahoma.

3. Beginning on July 1, 2026, all monies to accrue to The

Interstate Oil Compact Fund of Oklahoma under the provisions of this

article, together with all monies remaining unexpended in The

Interstate Oil Compact Fund of Oklahoma created under this

subsection are hereby appropriated and shall be used for the payment

of the compensation of the assistant representative of the State of

Oklahoma on The Interstate Oil Compact Commission, the compensation

of such clerical, technical and legal assistants as he or she may

with the consent of the Governor employ; the actual and necessary

Interstate Oil Compact Fund of Oklahoma created under this

subsection are hereby appropriated and shall be used for the payment

of the compensation of the assistant representative of the State of

Oklahoma on The Interstate Oil Compact Commission, the compensation

of such clerical, technical and legal assistants as he or she may

with the consent of the Governor employ; the actual and necessary

traveling expenses of the assistant representative and employees,

and of the Governor when traveling in the Governor's capacity as

official representative of the State of Oklahoma on The Interstate

Oil Compact Commission; all items of office expense including the

cost of office supplies and equipment; such contributions as the

Governor shall deem necessary and proper to pay to The Interstate

Oil Compact Commission to defray its expenses; and such other

necessary expenses as may be incurred in enabling the State of

Oklahoma to fully cooperate in accomplishing the objects of the

Interstate Compact to conserve oil and gas. The fund shall be

disbursed by the State Treasurer upon sworn, itemized claims

approved by the assistant representative and the Governor; provided,

that if at the end of any fiscal year any part of the special fund

shall remain unexpended, such balance shall be transferred by the

State Treasurer to, and become a part of, the General Revenue Fund

of the State Treasury for the ensuing fiscal year. Provided,

further, that if the State of Oklahoma withdraws from the Interstate

Compact to conserve oil and gas, any unencumbered monies in The

Interstate Oil Compact Fund of Oklahoma shall be transferred to and

become a part of the General Revenue Fund of the State Treasury and

thereafter the excise tax on petroleum oil, natural gas and/or

casinghead gas levied by this article shall be levied, collected and

deposited in the General Revenue Fund of the State Treasury.