Okla. Stat. tit. 68, § 68-3953: Oklahoma Five Major Sports Leagues Rebate Payment Fund

There is hereby created within the State Treasury a special fund

for the Oklahoma Tax Commission to be designated the “Oklahoma Five

Major Sports Leagues Rebate Payment Fund”. The Tax Commission is

hereby authorized and directed to withhold a portion of the taxes

levied and collected pursuant to Section 2355 of Title 68 of the

Oklahoma Statutes for deposit into the fund. The amount deposited

shall equal the sum of an amount determined by multiplying the net

benefit rate provided by the Oklahoma Department of Commerce by the

gross payroll as determined pursuant to the provisions of this act.

All the amounts deposited in the fund shall be used and expended by

the Tax Commission solely for the purposes and in the amounts

authorized by the Oklahoma Five Major Sports Leagues Rebate Program

Act. The liability of the State of Oklahoma to make the rebate

payments under this act shall be limited to the balance contained in

the fund created by this section.