All fees and penalties collected hereunder and all cash on hand not otherwise encumbered as of the effective date of this act shall be paid into the State Treasury in accordance with the depository laws of this state, and shall be kept in and credited to a separate fund to be known as the State Cosmetology Fund, which is hereby created, under and subject exclusively to the control of the State Cosmetology Board for the purpose of fulfillment and accomplishment of the conditions and purposes of this act.

At the close of each fiscal year hereafter said Cosmetology Board shall pay into the General Revenue Fund of the state ten percent (10%) of the gross fees and penalties so charged, collected and received by such Board. Other than said ten percent (10%) all fees and penalties charged and monies collected and received, plus all cash on hand not otherwise encumbered as of the effective date of this act, are hereby dedicated, appropriated and pledged to the accomplishment and fulfillment of the purposes of this act.

All expenses, per diem, salaries, wages, travel, rents, printing, supplies, maintenance, and other costs incurred by the Board in the performance of its duty and in accomplishment and fulfillment of the purposes of this act, shall be a proper charge against and paid from said State Cosmetology Fund; provided that, in no event shall any claim or obligation accrue against the State of Oklahoma nor against said Cosmetology Fund in excess of the ninety percent (90%) or the amount of fees and penalties collected and paid into the State Treasury under the provisions of this act.

Laws 1949, HB 129, p. 397, § 15, emerg. eff. June 6, 1949; Amended by Laws 1979, HB 1019, c. 30, § 18, emerg. eff. April 6, 1979; Amended by Laws 1998, HB 2802, c. 364, § 13, emerg. eff. June 8, 1998 (superseded document available).