Okla. Stat. tit. 74, § 74-85.58N: Quick Settlement Account

The Special Agency Account Board shall create in the official

depository of the State Treasury an agency special account for the

Office of Management and Enterprise Services to be designated as the

"Quick Settlement Account". The purpose of the account shall be the

payment of liability claims against the state after a determination

by the Risk Management Administration that such payments are in the

best interest of the state, are in accordance with the laws and

regulations governing the Comprehensive Professional Risk Management

Program, and are in an amount not exceeding Ten Thousand Dollars

($10,000.00). No monies shall be expended from the Quick Settlement

Account except as provided for in this section.

The Office of Management and Enterprise Services shall transfer

funds as necessary from the Risk Management Revolving Fund to the

Quick Settlement Account, provided that the maximum sum held in the

Quick Settlement Account shall not exceed Ten Thousand Dollars

($10,000.00), excluding funds in transit. Expenditures from the

Quick Settlement Account shall be exempt from the provisions of The

Oklahoma Central Purchasing Act.