A. There is hereby assessed a fee of two cents ($0.02) per bushel upon all wheat marketed by wheat producers in this state and sold through commercial channels. The fee is assessed and imposed on the producer at the time of sale or delivery, and shall be collected and remitted by the first purchaser to the Oklahoma Wheat Commission. Under the provisions of the Oklahoma Wheat Resources Act, no wheat shall be subject to a fee more than once.
B. The Commission shall allocate twenty percent (20%) of the two-cent fee levied and collected pursuant to subsection A of this section to the Oklahoma Wheat Research Foundation for the purpose of conducting wheat research, including, but not limited to, utilization and educational projects, less the cost of collecting the fee, such cost not to exceed fifty percent (50%) of the total of the office rental and clerical costs, and the costs of supplies and postage and such cost to be prorated on the basis of eighty percent (80%) to the Commission and twenty percent (20%) to the Oklahoma Wheat Research Foundation.
C. In order for the Oklahoma Wheat Research Foundation to qualify for the allocation of twenty percent (20%) of collected fees, the Commission shall appoint a member of the Oklahoma Wheat Commission to the Oklahoma Wheat Research Foundation board of directors.
D. Any unexpended balance contained in the revolving fund designated for the Wheat Utilization, Research and Market Development Commission as of November 1, 2016, shall be transferred and deposited to the credit of the General Revenue Fund of the State Treasury.
Added by Laws 1965, c. 59, § 10, emerg. eff. April 7, 1965. Amended by Laws 1976, c. 91, § 1, emerg. eff. May 6, 1976; Laws 1978, c. 145, § 1, emerg. eff. April 5, 1978; Laws 1981, c. 298, § 6, emerg. eff. June 29, 1981; Laws 1998, c. 16, § 1, eff. July 1, 1998; Laws 2001, c. 146, § 27, emerg. eff. April 30, 2001. Renumbered from § 1030 of this title by Laws 2001, c. 146, § 250, emerg. eff. April 30, 2001. Amended by Laws 2011, c. 87, § 1, eff. Jan. 1, 2012; Laws 2016, c. 269, § 5, eff. Nov. 1, 2016.
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