Okla. Stat. tit. 70, § 70-6-191: Revolving fund

Until July 1, 1998, there is created in the State Treasury a

revolving fund for the State Board of Education, to be designated

the "Teachers' Curriculum Examination Revolving Fund". The fund

shall consist of curriculum examination fees paid to the Board

pursuant to statutory authority. The revolving fund shall be a

continuing fund not subject to fiscal year limitations and shall be

under the control and management of the administrative authority of

the State Board of Education. Expenditures from said fund shall be

made to maintain the curriculum examination process as set out in

this act. Warrants for expenditure shall be drawn by the State

Treasurer on claims signed by an authorized employee or employees of

the State Board of Education and approved by the Director of the

Office of Management and Enterprise Services.

On July 1, 1997, the State Board of Education shall transfer any

unencumbered funds in the Teachers' Curriculum Examination Revolving

Fund to the Teachers' Competency Examination Revolving Fund. Any

funds which are unexpended on January 1, 1998, shall be transferred

to the Teachers' Competency Examination Revolving Fund. On July 1,

1997, there shall be created in the State Treasury a revolving fund

for the Oklahoma Commission for Teacher Preparation, to be

designated the "Teachers' Competency Examination Revolving Fund".

The fund shall consist of all monies received by the Commission from

competency examination fees paid pursuant to statutory authority.

The revolving fund shall be a continuing fund not subject to fiscal

year limitations and shall be under the control and management of

the administrative authority of the Oklahoma Commission for Teacher

Preparation. Expenditures from said fund shall be made to maintain

the competency examination process set out in the Oklahoma Teacher

Preparation Act. Warrants for expenditure shall be drawn by the

State Treasurer on claims signed by an authorized employee or

employees of the Oklahoma Commission for Teacher Preparation and

approved by the Director of the Office of Management and Enterprise

Services.