There is hereby created in the State Treasury a revolving fund for the Office of the Secretary of State to be designated the "Central Filing System Revolving Fund". The fund shall be a continuing fund, not subject to fiscal year limitations, and shall consist of all fees generated by paragraphs 4 through 9 of subsection A of Section 111 of Title 28 of the Oklahoma Statutes and all penalties collected pursuant to subsections (9) and (10) of Section 9-307.6 of Title 12A of the Oklahoma Statutes. All monies accruing to the credit of said fund are hereby appropriated and may be budgeted and expended by the Office of the Secretary of State for expenses related to the central filing system created pursuant to Section 9-307.6 of Title 12A of the Oklahoma Statutes; provided, that for the fiscal year ending June 30, 1989, the Office of the Secretary of State shall transfer to the General Revenue Fund of the State Treasury any amount above the first Thirty Thousand Dollars ($30,000.00) deposited to the said fund. 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 State Finance for approval and payment.

Added by Laws 1988, HB 1558, c. 206, § 10, emerg. eff. July 1, 1988; Amended by Laws 1988, SB 395, c. 309, § 11, emerg. eff. July 1, 1988; Amended by Laws 1991, HB 1661, c. 314, § 3, eff. September 1, 1991.