Okla. Stat. tit. 70, § 70-9108: Oklahoma NCAA Division II Athletic Conference Exploration

Commission Revolving Fund.

A. There is hereby created in the State Treasury a revolving

fund for the Oklahoma NCAA Division II Athletic Conference

Exploration Commission to be designated the "Oklahoma NCAA Division

II Athletic Conference Exploration Commission Revolving Fund". The

fund shall be a continuing fund, not subject to fiscal year

limitations, and shall consist of all monies received by the

Oklahoma NCAA Division II Athletic Conference Exploration Commission

from appropriations, gifts, grants, donations, and bequests. All

monies accruing to the credit of the fund are hereby appropriated

and may be budgeted and expended by the Oklahoma NCAA Division II

Athletic Conference Exploration Commission for the purpose of

implementing the provisions of this act. 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.

B. The Commission may make expenditures from the Oklahoma NCAA

Division II Athletic Conference Exploration Commission Revolving

Fund to cover expenses related to studies, meetings, consultations,

and other necessary activities. Funding that is not expended by the

Commission may be used as necessary to perform the necessary

activities to create the Conference. These funds can be used for

both the initial operating costs of the Conference as well as funds

required by conference institutions to pay fees to exit their

current conference affiliation. Additional funding may be sought

from private or nonprofit sources, if necessary.

C. The Commission shall explore various funding sources,

including partnerships with private organizations, sponsorships, and

grants to help defray costs associated with the creation of the new

conference.