A. There is hereby created in the State Treasury a revolving fund for the Oklahoma Historical Society, on behalf of the Will Rogers Memorial, to be designated the "Will Rogers Memorial Revolving Fund". The fund shall consist of all:

1. Appropriations, gifts, donations, grants, admission fees, and any other monies received by the Oklahoma Historical Society pursuant to this act; and

2. Proceeds from outlet sales, unless the outlets are leased as provided in Section 47.4 of this title in which case any payments received pursuant to any such lease shall be deposited in the revolving fund.

B. The revolving fund shall be a continuing fund not subject to fiscal year limitations and shall be under the administrative direction of the Oklahoma Historical Society, on behalf of the Will Rogers Memorial. The expenditure from the fund shall be used for expenses relating to administration, duties, operations, maintenance, special projects, and acquisitions for the Memorial and shall be made pursuant to law.

C. Warrants for expenditures from this fund shall be drawn by the State Treasurer based on claims signed by an authorized employee of the Oklahoma Historical Society and approved for payment by the Director of the Office of Management and Enterprise Services.

Added by Laws 1999, c. 262, § 6. Amended by Laws 2001, c. 198, § 6, emerg. eff. May 7, 2001; Laws 2012, c. 304, § 226; Laws 2016, c. 1, § 6, emerg. eff. March 7, 2016.

NOTE: An effective date of Aug. 1, 2001, for Laws 1999, c. 262, § 6 was repealed by Laws 2001, c. 198, § 15, emerg. eff. May 7, 2001.