A. There is hereby created a revolving fund for the Commissioners of the Land Office to be designated the "Commissioners of the Land Office Revolving Fund". The fund shall be a continuing fund not subject to fiscal year limitations and into which shall be paid all fees that may be collected by the Commissioners of the Land Office, transfers from other revolving funds of the Commissioners of the Land Office and any monies designated for transfer into the fund. In addition, available monies received within an annual period may be added to the fund upon designation by the Secretary of the Land Office, in such case the funds are hereby appropriated and may be budgeted and expended by the Commissioners of the Land Office within the annual period in which received or thereafter in the performance of the constitutional and statutory trust duties of the Commissioners of the Land Office. Monies from the fund may be used to pay for all books, forms, and other necessary equipment and supplies for the installation and maintenance of a modern system of accounting, necessary printing expenses, abstracts, refunds, expenses incidental to the operation of the Land Office, necessary communication and traveling expenses incurred by the employees of the Land Office, attorney fees and litigation expenses, collection costs and expenses, distributions and conservation and commercial property upgrades. The Commissioners of the Land Office may also use monies in the revolving fund for any expenses of the Land Office related to personal services, operating expenses, the purchase of equipment and for the performance of all duties necessary and as may be prescribed to carry out the function of the Land Office. All funds accruing to the fund are hereby appropriated. Monies in the fund may be invested by the State Treasurer in the manner prescribed in Section 89.1a et seq. of Title 62 of the Oklahoma Statutes. Interest income derived from the investment of monies in the fund shall be credited to and placed in the fund.

B. There is hereby created a cash drawer change fund for the Commissioners of the Land Office. The fund shall be used as cash for the Land Office to make change for customers and for the payment of emergency purchases and bills. The amount held in the fund shall not exceed One Thousand Dollars ($1,000.00). The initial amount in the fund shall be drawn by warrant from the revolving fund created pursuant to subsection A of this section. All adjustments to the amount retained in the fund shall be by withdrawal and deposit in the revolving fund established pursuant to subsection A of this section upon the filing of a claim with proper receipts showing the disbursement therefrom. Officers, employees or agents of the Land Office shall be prohibited from receiving change from the fund.

Added by Laws 1935, p. 109, § 8, emerg. eff. May 14, 1935. Amended by Laws 1937, p. 125, § 1, emerg. eff. March 29, 1937; Laws 1961, p. 490, § 1, emerg. eff. July 12, 1961; Laws 2010, c. 41, § 7, emerg. eff. April 2, 2010. Renumbered from § 41 of this title by Laws 2010, c. 41, § 63, emerg. eff. April 2, 2010. Amended by Laws 2012, c. 114, § 1, eff. July 1, 2012; Laws 2013, c. 250, § 1, emerg. eff. May 13, 2013; Laws 2014, c. 117, § 1, eff. July 1, 2014.

NOTE: Laws 1961, p. 649, § 4 repealed by Laws 1989, c. 353, § 14, emerg. eff. June 3, 1989.