{"data":{"id":"us-ok/okla.-stat.-tit.-68-68-1403","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 68, § 68-1403","heading":"Purpose of article - Apportionment of revenues","body":"A. It is hereby declared to be the purpose of Section 1401 et\n\nseq. of this title to provide for the support of the functions of\n\nthe state and local government of Oklahoma; and for this purpose and\n\nto this end, it is hereby expressly provided that the revenues\n\nderived hereunder, subject to the apportionment provided in\n\nsubsection B of this section and to the apportionment requirements\n\nfor the Oklahoma Tax Commission and Office of Management and\n\nEnterprise Services Joint Computer Enhancement Fund provided by\n\nSection 265 of this title, are hereby apportioned as follows:\n\n1. The following amounts shall be paid by the Tax Commission to\n\nthe State Treasurer and placed to the credit of the General Revenue\n\nFund to be paid out pursuant to direct appropriation by the\n\nLegislature:\n\nFiscal Year Amount\n\nFY 2004 85.35%\n\nFY 2005 85.14%\n\nFY 2006 85.54%\n\nFY 2007 85.04%\n\nFY 2008 through FY 2022 83.61%\n\nFY 2023 through FY 2027 83.36%\n\nFY 2028 and each fiscal year thereafter 83.61%;\n\n2. The following amounts shall be paid to the State Treasurer\n\nto be placed to the credit of the Education Reform Revolving Fund of\n\nthe State Department of Education:\n\na. for FY 2020, ten and forty-six one-hundredths percent\n\n(10.46%),\n\nb. for FY 2021:\n\n(1) for the month beginning July 1, 2020, through the\n\nmonth ending August 31, 2020, ten and forty-six\n\none-hundredths percent (10.46%), and\n\n(2) for the month beginning September 1, 2020,\n\nthrough the month ending June 30, 2021, eleven\n\nand ninety-six one-hundredths percent (11.96%),\n\nand\n\nc. for FY 2022 and each fiscal year thereafter, ten and\n\nforty-six one-hundredths percent (10.46%);\n\n3. The following amounts shall be paid to the State Treasurer\n\nto be placed to the credit of the Teachers' Retirement System\n\nDedicated Revenue Revolving Fund:\n\nFiscal Year Amount\n\nFY 2003 and FY 2004 3.54%\n\nFY 2005 3.75%\n\nFY 2006 4.0%\n\nFY 2007 4.5%\n\nFY 2008 through FY 2020 5.0%\n\nFY 2021:\n\na. for the month beginning July\n\n1, 2020, through the month\n\nending August 31, 2020 5.0%\n\nb. for the month beginning\n\nSeptember 1, 2020, through\n\nthe month ending June 30,\n\n2021 3.5%\n\nFY 2022 5.0%\n\nFY 2023 through FY 2027 5.25%\n\nFY 2028 and each fiscal year thereafter 5.0%;\n\n4. a. except as otherwise provided in subparagraph b of this\n\nparagraph, for the fiscal year beginning July 1, 2015,\n\nand for each fiscal year thereafter, eighty-seven one-\n\nhundredths percent (0.87%) shall be paid to the State\n\nTreasurer to be further apportioned as follows:\n\n(1) thirty-six percent (36%) shall be placed to the\n\ncredit of the Oklahoma Tourism Promotion\n\nRevolving Fund, but in no event shall such\n\napportionment exceed the total amount apportioned\n\npursuant to this division for the fiscal year\n\nending on June 30, 2015, and\nRevenue and Taxation Page 656\n\nhundredths percent (0.87%) shall be paid to the State\n\nTreasurer to be further apportioned as follows:\n\n(1) thirty-six percent (36%) shall be placed to the\n\ncredit of the Oklahoma Tourism Promotion\n\nRevolving Fund, but in no event shall such\n\napportionment exceed the total amount apportioned\n\npursuant to this division for the fiscal year\n\nending on June 30, 2015, and\n\n(2) sixty-four percent (64%) shall be placed to the\n\ncredit of the Oklahoma Tourism Capital\n\nImprovement Revolving Fund, but in no event shall\n\nsuch apportionment exceed the total amount\n\napportioned pursuant to this division for the\n\nfiscal year ending on June 30, 2015, and\n\nb. any amounts which exceed the limitations of\n\nsubparagraph a of this paragraph shall be placed to\n\nthe credit of the General Revenue Fund; and\n\n5. For the fiscal year beginning July 1, 2015, and for each\n\nfiscal year thereafter, six one-hundredths percent (0.06%) shall be\n\nplaced to the credit of the Oklahoma Historical Society Capital\n\nImprovement and Operations Revolving Fund, but in no event shall\n\nsuch apportionment exceed the total amount apportioned pursuant to\n\nthis paragraph for the fiscal year ending on June 30, 2015. Any\n\namounts which exceed the limitations of this paragraph shall be\n\nplaced to the credit of the General Revenue Fund.\n\nB. Prior to the apportionments otherwise provided in this\n\nsection, there shall be apportioned to the Education Reform\n\nRevolving Fund of the State Department of Education the following\n\namounts in the following state fiscal years:\n\nFY 2019 $19,600,000.00; and\n\nFY 2020 and each year thereafter $20,500,000.00.","path":["OK Code","Title 68"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os68.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"8b5b4079203912924aa36a5f37e797ebc1ac9092a05c11c483d9cb2fe51bd06a","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-68-68-1402","next":"us-ok/okla.-stat.-tit.-68-68-1404"},"notice":"GroundRules: Original legal text. Not legal advice."}