- A. All remittances by bank draft, check, cashier's check, or money order, collected pursuant to any law, Commission rule, regulation, or order, shall be made payable to the Corporation Commission. The Commission shall issue its receipt, for cash or money payment to the remitter. No remittance other than cash shall be in full discharge of liability due the Corporation Commission unless and until it shall have been paid in cash. All money collected shall be deposited with the State Treasurer of this state.
- B. There shall be assessed, in addition to any other penalties provided for by law, an administrative service fee of Twenty Dollars ($20.00) on each check returned to the Corporation Commission or any agent thereof by reason of the refusal of the bank upon which the check was drawn to honor the same.
- C. Upon the return of any check by reason of the refusal of the bank upon which such check was drawn to honor the same, the Corporation Commission may file a bogus check complaint with the appropriate district attorney who shall refer the complaint to the Bogus Check Restitution Program established by Section 111 of Title 22 of the Oklahoma Statutes. Funds collected by the program, after collection of the fee authorized by Section 114 of Title 22 of the Oklahoma Statutes, shall be transmitted to the Corporation Commission and credited to the liability for which the returned check was drawn and to the administrative service fee provided by this section.
Added by Laws 1991, HB 1652, c. 103, § 2, emerg. eff. July 1, 1991.