There is hereby created in the State Treasury a revolving fund for the Construction Industries Board, to be designated the "Oklahoma Mechanical Licensing Revolving Fund". The fund shall be a continuing fund, not subject to fiscal year limitations, and shall consist of all monies received by the Board pursuant to the Mechanical Licensing Act, including administrative fines authorized by Section 1850.11 of this title. All monies accruing to the credit of said fund are hereby appropriated and may be budgeted and expended by the Construction Industries Board for the purpose of implementing the Mechanical Licensing Act, and the fully adjudicated fine revenue received into this fund may be transferred to the Skilled Trade Education and Workforce Development Fund created in subsection E of Section 1 of this act. 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 the Office of Management and Enterprise Services for approval and payment.
Added by Laws 1987, c. 93, § 13, eff. Nov. 1, 1987. Amended by Laws 1993, c. 236, § 9, eff. Sept. 1, 1993; Laws 2001, c. 394, § 61, eff. Jan. 1, 2002; Laws 2004, c. 163, § 9, emerg. eff. April 26, 2004; Laws 2008, c. 4, § 14, eff. Nov. 1, 2008; Laws 2012, c. 304, § 286; Laws 2018, c. 244, § 5, eff. Nov. 1, 2018.