[Previous] [Next]
§3A-208.3a.
§3A-208.3a.
A. There is hereby created in the State Treasury a revolving fund for
the Oklahoma Horse Racing Commission, to be designated the "Oklahoma
Breeding Development Administration Revolving Fund". The fund shall be
a continuing fund, not subject to fiscal year limitations, and shall
consist of all monies received by the Commission from transfers made
pursuant to paragraph 6 of subsection B of Section 208.3 of this
title. All monies accruing to the credit of said fund are hereby
appropriated and may be budgeted and expended by the Commission for
the purpose of administering the Oklahoma Breeding Development
Program, or additions to purses of Oklahoma-bred races, and for no
other purpose. 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 State Finance for approval and payment.
B. Monies received by and expenditures from said fund shall be subject
to an annual audit pursuant to paragraph 6 of subsection B and
subsection E of Section 208.3 of this title.
At the close of each fiscal year any unencumbered, unobligated, and
unexpended monies in the Oklahoma Breeding Development Administration
Revolving Fund shall be transferred to the Oklahoma Breeding
Development Fund Special Account.
[Previous] [Next]