Okla. Stat. tit. 70, § 70-6-204.4: Oklahoma National Board Certification Revolving Fund

There is hereby created in the State Treasury a revolving fund

for the State Board of Education to be designated the "Oklahoma

National Board Certification Revolving Fund". The fund shall be a

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

consist of all monies appropriated or transferred to the fund by the

Legislature. All monies accruing to the credit of the fund are

hereby appropriated and may be budgeted and expended by the State

Board of Education to provide an annual bonus for those teachers

possessing National Board certification. Expenditures from the fund

shall be made upon warrants issued by the State Treasurer against

claims filed as prescribed by law with the Director of the Office of

Management and Enterprise Services for approval and payment. The

State Board of Education shall transfer all funds deposited into the

Oklahoma National Board Certification Revolving Fund for the fiscal

year ending June 30, 1998, to the Education Leadership Oklahoma

Revolving Fund, created in Section 6-204.3 of this title, less

expenditures and encumbrances as adjusted by transfer on July 1,

1998.