The Physician Manpower Training Commission is hereby authorized to enter into contractual arrangements with any qualified hospital in any city or town in Oklahoma whereby the hospital would accommodate a resident physician to practice in the hospital during a six-month elective phase of the residency training program which is conducted in an accredited free-standing-teaching hospital in cooperation with the University of Oklahoma College of Medicine, University of Oklahoma-Tulsa Medical College, and the Oklahoma College of Osteopathic Medicine and Surgery. The hospital accommodating said resident physician shall pay to the Commission such monies as may be required to cover the agreed amount to pay the cost of the salary stipend and expenses of the resident physician for the period of time spent in practice at said hospital. Monies received by the Commission from the participating hospital under the provisions of this section shall be deposited to, and disbursed from, the "Hospital Residency Revolving Fund" hereby created in the State Treasury. The fund shall be a continuing fund not subject to legislative appropriation or fiscal year limitations. Expenditures from said fund shall be made on warrants issued by the State Treasurer against claims filed by the Commission with the Director of State Finance for approval and payment.

Laws 1975, HB 1552, c. 271, § 7, emerg. eff. June 5, 1975; Amended by Laws 1976, SB 534, c. 212, § 12, emerg. eff. June 7, 1976; Amended by Laws 1979, HB 1020, c. 47, § 77, emerg. eff. April 9, 1979.