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Oklahoma · Snapshot open-us-law v2026.08, retrieved 2026-09-14

Okla. Stat. tit. 74, § 74-85.47c: Small Business Surety Bond Guaranty Fund

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Where this section sits in the code
  1. OK Code
  2. Title 74

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

fund for the Small Business Surety Bond Guaranty Program to be

designated the "Small Business Surety Bond Guaranty Fund". The fund

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

and shall consist of:

1. Premiums, fees, and any other amounts received with respect

to bonding assistance provided under this program;

2. Proceeds from the sale, lease, or other disposition of

property or contracts held or acquired by the Office of Management

and Enterprise Services pursuant to this program;

3. Income from investments that the State Treasurer makes from

monies in the fund; and

4. Any other monies made available under this program.

B. The fund shall be used:

1. For the purposes provided for in this program; and

2. To pay part or all of the expenses of administering the

program.

C. All monies accruing to the credit of the fund shall be

deposited with the State Treasurer and invested and reinvested in

the same manner as other state funds, and any investment earnings

shall be paid into the fund. All monies accruing to the credit of

the fund are hereby appropriated and may be budgeted and expended

for the purposes provided in subsection B of this section.

Expenditures from said 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.

Collected 2026-09-14T18:32:36Z. Source file · JSON

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