2014 Oklahoma Statutes
Title 2. Agriculture
§2-18-279. Oklahoma Oilseed Resources Fund.

2 OK Stat § 2-18-279 (2014) What's This?

A. There is created the Oklahoma Oilseed Resources Fund. The Oklahoma Oilseed Resources Fund shall be administered by the Oklahoma Oilseed Commission for the benefit of the oilseed producers in this state for the purposes specified by the Oklahoma Oilseed Resources Act. The Oklahoma Oilseed Resources Fund shall be established and maintained in a bank or other depository as approved by the Commission and the President of the State Board of Agriculture.

B. The Oklahoma Oilseed Resources Fund shall consist of:

1. All monies received by the Commission as proceeds from the assessment imposed pursuant to the Oklahoma Oilseed Resources Act and each individual oilseed shall be distributed by collections to the account of the specific oilseed. The subcommittees established pursuant to Section 4 of this act shall control each individual account;

2. Interest attributable to investment of money in the Oklahoma Oilseed Resources Fund; and

3. Monies received by the Commission in the form of gifts, grants, reimbursements, or from any other source designated by law for deposit to the Oklahoma Oilseed Resources Fund.

C. Any costs incurred by the Commission pursuant to the provisions of the Oklahoma Oilseed Resources Act shall not exceed the actual collections of the Commission.

D. Monies in the Oklahoma Oilseed Resources Fund shall only be expended for:

1. Implementation and management of the Oklahoma Oilseed Resources Act; and

2. Costs incurred by the Commission and the State Board of Agriculture for the administration of the Oklahoma Oilseed Resources Act.

Added by Laws 2008, c. 154, § 10, eff. Nov. 1, 2008.

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