{"data":{"id":"us-ok/okla.-stat.-tit.-69-69-687.3","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 69, § 69-687.3","heading":"Emergency and Transportation Revolving Fund","body":"A. There is hereby created in the State Treasury a revolving\n\nfund to be designated the \"Emergency and Transportation Revolving\n\nFund\". The fund shall be a continuing fund, not subject to fiscal\n\nyear limitations, and shall consist of all monies received by any\n\ndonations, deposits designated by law, or appropriations. All\n\nmonies accruing to the credit of the fund are hereby appropriated\n\nand may be budgeted and expended by any qualified county or counties\n\npursuant to subsection B of this section for the purpose of funding\n\nemergency or transportation projects of a county that are\n\nreimbursable and subsection C of this section for the purpose of\n\nfunding loans to purchase compressed natural gas vehicles or convert\n\nfleet vehicles to compressed natural gas. No more than fifty\n\npercent (50%) of the fund's balance at the beginning of each fiscal\n\nyear shall be expended pursuant to subsection C of this section.\n\nThe fund shall be invested in whatever instruments are authorized by\n\nlaw for investments by the State Treasurer and the interest earned\n\nby any investment of monies from the fund shall be credited to the\n\nStatewide Circuit Engineering District Revolving Fund created\n\npursuant to Section 687.2 of this title for expenditure as provided\n\nby law. Expenditures from the Emergency and Transportation\n\nRevolving Fund shall be made upon warrants issued by the State\n\nTreasurer against claims filed as prescribed by law with the\n\nDirector of the Office of Management and Enterprise Services for\n\napproval and payment.\n\nB. The Statewide Circuit Engineering Board shall develop and\n\nadopt rules governing the application and qualification procedures\n\nfor counties seeking funding pursuant to subsection A of this\n\nsection. Such rules shall also specify criteria in determining\n\nreimbursable projects and the procedures for reimbursement of the\n\nfund upon completion of projects.\n\nC. 1. The Statewide Circuit Engineering Board shall develop\n\nand adopt rules governing application and qualification procedures\n\nfor counties requesting a loan pursuant to subsection A of this\n\nsection to purchase compressed natural gas vehicles or convert\n\nexisting fleet vehicles to compressed natural gas.\n\n2. Loans shall be provided at no interest for a maximum term of\n\nfive (5) years.\n\n3. Counties that borrow funds for the purpose of purchasing\n\ncompressed natural gas vehicles shall provide documentation showing\n\nthat an amount of gas- or diesel-powered vehicles equal to or\n\ngreater than those purchased have been sold or disposed of.","path":["OK Code","Title 69"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os69.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"fedf6550de16388b569da67693bc9be21ed09c3977c46a6b382a79ef04407152","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-69-69-687.2","next":"us-ok/okla.-stat.-tit.-69-69-689"},"notice":"GroundRules: Original legal text. Not legal advice."}