Bill > SB162

This bill creates a new revolving fund called the "State Capitol Arch Memorial Statue Revolving Fund" within the State Treasury, specifically managed by the Office of Management and Enterprise Services (OMES). The fund will be used to collect and manage private donations, gifts, and grants specifically intended for installing and maintaining veteran memorial statues around the State Capitol Arch. As a revolving fund, it will not be subject to fiscal year limitations, meaning any unspent money can carry over from year to year. The fund's monies can be budgeted and spent by OMES for its designated purpose, with expenditures made through warrants issued by the State Treasurer after claims are approved by the Director of OMES. This legislation provides a dedicated financial mechanism for supporting veteran memorial statues at the State Capitol, ensuring that private contributions can be systematically collected and utilized for this specific commemorative purpose.

Budget and Finance

http://www.oklegislature.gov/BillInfo.aspx?Bill=sb162&Session=2600