Okla. Stat. tit. 69, § 69-4032: Allocation of funds to eligible entities

A. The Oklahoma Department of Transportation may allocate

monies in the Mass Transit Revolving Fund created in Section 1 of

this act to eligible agencies in the manner and for the purposes

specified in this act.

B. Except for those monies specified in Section 5 of this act,

all monies appropriated to the Public Transit Revolving Fund shall

be distributed to eligible entities not later than June 30 of each

year.

C. As used in this act, "eligible entities" means those

entities receiving federal financial assistance for approved

programs pursuant to 49 U.S.C., Sections 1607a and 1614, as amended,

and other public mass transit programs provided by entities,

municipalities, and community action programs, and which have

submitted an audited financial statement showing total reported

mileage to the Department of Transportation. For those programs not

currently receiving federal funds, the Department, using industry-

wide standards and guidelines and regulations, shall certify the

program as being a public mass transit system.