Okla. Stat. tit. 70, § 70-6-204.5: Professional Development Institutes Revolving Fund

There is hereby created in the State Treasury a revolving fund

for the Oklahoma Commission for Teacher Preparation to be designated

the "Professional Development Institutes 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

Oklahoma Commission for Teacher Preparation to develop and

administer professional development programs for teachers and

administrators and training for residency committee members.

Expenditures 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.