Okla. Stat. tit. 70, § 70-7-203.1: Determination of number of districts intending to

annex or consolidate - Transfer of funds when qualified combined

districts is two or less.

Beginning July 1, 2006, and each year thereafter, the State

Board of Education shall determine the number of districts that

notified the Board of their intent to annex or consolidate by June

30 of the previous fiscal year. If the Board determines the number

of qualified combined districts to be two or less, the Board is

authorized to transfer up to one-half of the funds transferred to

the School Consolidation Assistance Fund for that fiscal year for

allocation to the Financial Support of Public Schools for

distribution to school districts in the State Aid Formula, provided

in Section 18-200.1 of Title 70 of the Oklahoma Statutes. The State

Board of Education is further authorized to transfer up to one-half

of the funds not allocated to school districts for annexation or

consolidation for the fiscal year ending June 30, 2006, for

allocation to the Financial Support of Public Schools.