STATE OF OKLAHOMA

2nd Session of the 53rd Legislature (2012)

HOUSE BILL 2637	By:	Schwartz

AS INTRODUCED

An Act relating to state government; creating the Unmanned Aerial Vehicle Research Fund; stating type of fund; describing appropriate deposits for fund; directing Oklahoma Center for the Advancement of Science and Technology to oversee fund; providing for payment of expenditures; providing for codification; and providing an effective date.

BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
SECTION 1.     NEW LAW     A new section of law to be codified in the Oklahoma Statutes as Section 5060.55 of Title 74, unless there is created a duplication in numbering, reads as follows:
There is hereby created in the State Treasury a revolving fund for the Oklahoma Center for the Advancement of Science and Technology to be designated the “Unmanned Aerial Vehicle Research Fund”.  The fund shall be a continuing fund, not subject to fiscal year limitations.  The fund shall consist of all monies authorized by law for deposit in such fund including, but not limited to, gifts, grants, private donations, fee revenues and funds by government entities authorized to provide funding for the purposes authorized for the use of the fund.  All monies accruing to the credit of the Unmanned Aerial Vehicle Research Fund are hereby appropriated and may be budgeted and expended by the Oklahoma Center for the Advancement of Science and Technology for purposes authorized by law.  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 the Office of State Finance for approval and payment.
SECTION 2.  This act shall become effective November 1, 2012.

53-2-8669	EK	01/04/12