A. There is hereby created within the Oklahoma Tax Commission the "Used Tire Recycling Indemnity Fund". The Indemnity Fund shall be administered by the Oklahoma Tax Commission pursuant to the provisions of Section 2-11-401.4 of this title.
B. The Indemnity Fund shall consist of:
1. All monies received by the Commission as proceeds from the assessment imposed pursuant to Section 2-11-401.2 of this title;
2. Interest attributable to investment of money in the Indemnity Fund; and
3. Money received by the Commission in the form of gifts, grants, reimbursements, or from any other source intended to be used for the purposes specified by or collected pursuant to the provisions of the Oklahoma Used Tire Recycling Act.
Added by Laws 1989, c. 176, § 4, eff. July 1, 1989. Amended by Laws 1993, c. 145, § 194, eff. July 1, 1993. Renumbered from § 53004 of Title 68 by Laws 1993, c. 145, § 359, eff. July 1, 1993. Amended by Laws 1999, c. 254, § 5, eff. June 30, 1999. Renumbered from § 2-11-404 of this title by Laws 2005, c. 230, 10, eff. July 1, 2005. Amended by Laws 2011, c. 164, § 4, eff. July 1, 2011.