A. Twenty Dollars ($20.00) of the fee authorized by Section 1135.5 of Title 47 of the Oklahoma Statutes for Deer Creek Schools Foundation license plates shall be deposited to the Deer Creek Schools Foundation License Plate Revolving Fund created in subsection B of this section.

B. There is hereby created in the State Treasury a revolving fund for the State Department of Education to be designated the "Deer Creek Schools Foundation License Plate Revolving Fund". The fund shall be a continuing fund, not subject to fiscal year limitations, and shall consist of all monies received by the State Department of Education pursuant to subsection A of this section. All monies accruing to the credit of said fund are hereby appropriated and may be budgeted and expended by the State Department of Education for the purpose of providing grants to the Deer Creek Schools Foundation for purposes of promoting and funding the academic and artistic achievement of all students and teachers of Deer Creek Public Schools. 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 Management and Enterprise Services for approval and payment.

C. The Oklahoma Legislature hereby finds that the Deer Creek Schools Foundation provides an important service to the inhabitants of this state as a community and further finds that the services performed by the Deer Creek Schools Foundation are adequate consideration for the funds received pursuant to this section.

Added by Laws 2013, c. 197, § 3, eff. Nov. 1, 2013.