{"data":{"id":"us-ok/okla.-stat.-tit.-62-62-34.54","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 62, § 62-34.54","heading":"General Revenue Cash-flow Reserve Fund - Transfer of","body":"funds.\n\nThere is hereby created in the State Treasury a division of the\n\nState General Revenue Fund which shall be designated the \"General\n\nRevenue Cash-flow Reserve Fund\". The purpose of the General Revenue\n\nCash-flow Reserve Fund is to make cash available for the July cash\n\nallocation and so that, insofar as possible, each monthly cash\n\nallocation thereafter can equal one-twelfth (1/12) of the annual\n\nappropriation from the General Revenue Fund.\n\n1. Each year the Director of the Office of Management and\n\nEnterprise Services may transfer monies from the then current fiscal\n\nyear General Revenue Fund to the General Revenue Cash-flow Reserve\n\nFund for the succeeding fiscal year when the apportionment to the\n\nGeneral Revenue Fund is in excess of amounts required for the\n\nallocations necessary to fund appropriations made by the Legislature\n\nfor the then current fiscal year. The amount to be transferred\n\nshall not exceed ten percent (10%) of the amount certified by the\n\nState Board of Equalization as available for appropriation from the\n\nGeneral Revenue Fund for the next succeeding fiscal year.\n\n2. Any monies transferred to the General Revenue Cash-flow\n\nReserve Fund pursuant to paragraph 1 of this section, shall be\n\ntransferred by the Director of the Office of Management and\n\nEnterprise Services as nonrevenue receipts to the State General\n\nRevenue Fund in the amounts necessary to make cash available for the\n\nJuly cash allocation and so that, insofar as possible, each monthly\n\ncash allocation thereafter can equal one-twelfth (1/12) of the\n\nannual appropriation.\n\n3. By the first Monday of each December, the Office of\n\nManagement and Enterprise Services shall analyze and submit to the\n\nState Board of Equalization the amount of monies remaining in the\n\nGeneral Revenue Cash-flow Reserve Fund which are not necessary for\n\ncurrent year cash-flow needs and are available for legislative\n\nappropriation.\n\n4. On the second Monday of June of each year, the Director of\n\nthe Office of Management and Enterprise Services shall close the\n\npreceding fiscal year General Revenue Cash-flow Reserve Fund by\n\ntransfer to the then current fiscal year General Revenue Fund.\n\n5. Any monies in the prior year General Revenue Cash-flow\n\nReserve Fund which are not necessary for the current year cash-flow\n\nneeds shall be subject to legislative appropriation.","path":["OK Code","Title 62"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os62.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"d4aa86eff2956e25c2a8e133e95180e9777194026e80e5389227899bcd0cbc23","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-62-62-34.53","next":"us-ok/okla.-stat.-tit.-62-62-34.55"},"notice":"GroundRules: Original legal text. Not legal advice."}