There is hereby created in the State Treasury, the Oklahoma Employees Insurance and Benefits Clearing Fund. The monies paid to the Oklahoma Employees Insurance and Benefits Clearing Fund pursuant to Section 1310 of this title shall be distributed as follows:
1. The first Thirty-one Million Five Hundred Thousand Dollars ($31,500,000.00) received after the effective date of this act during the fiscal year beginning July 1, 1996, shall be distributed to the Oklahoma State Regents for Higher Education; and
2. The balance thereof shall be distributed to and deposited in the appropriate reserve fund as directed by the Office of Management and Enterprise Services.
Added by Laws 1991, c. 263, § 11, operative July 1, 1991. Amended by Laws 1996, c. 275, § 2, eff. Sept. 1, 1996; Laws 2012, c. 304, § 956.
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