Okla. Stat. tit. 74, § 74-85.58K: Risk Management Revolving Fund

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

fund for the Office of Management and Enterprise Services, to be

designated the “Risk Management Revolving Fund”. The fund shall be

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

consist of any monies transferred thereto by act of the Legislature

and any monies which may be deposited thereto by the Office of

Management and Enterprise Services as provided for by law. The

money in the fund shall be invested by the Risk Management

Administrator, as hired or contracted pursuant to Section 85.58A of

this title, in the manner specified for making investments in

Section 1305.1 of this title. Investment income of the fund shall

be added to the fund.

B. Within the Risk Management Revolving Fund, there is hereby

created the Property and Casualty Account, the Motor Vehicle

Liability Account and the General Tort Liability Account. The

Director of the Office of Management and Enterprise Services is

authorized to establish such additional accounts within the Risk

Management Revolving Fund deemed necessary. The monies in each

account shall be maintained actuarially separate to ensure that

premiums or fees paid for specific insurance coverage are adequate

to pay the expenses and claims for that coverage.

C. All monies accruing to the credit of said fund are hereby

appropriated and may be budgeted and expended by the Office of

Management and Enterprise Services for the purposes of the

Comprehensive Professional Risk Management Program provided for in

Section 85.58A of this title, including but not limited to the

salaries and administrative expenses of the Risk Management

Administrator and support staff and expenses the Department incurs

to support program operations. 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.