2015 Oklahoma Statutes
Title 17. Corporation Commission
§17-358. Annual reports.

17 OK Stat § 17-358 (2015) What's This?

A. The Corporation Commission shall submit an annual report to the Speaker of the House of Representatives and the President Pro Tempore of the Senate containing the following:

1. The total number of storage tank applicants requesting disbursement from the Indemnity Fund during the preceding year;

2. The total number of storage tank applicants receiving partial payment during the preceding year and the total amount disbursed for such payments;

3. The total number of storage tank applicants receiving full payment during the preceding year and total amount disbursed for such payments;

4. The total number of applicants denied disbursement from the Indemnity Fund during the preceding year, and the total amount denied for such disbursement;

5. The average time frame for providing disbursements to applicants;

6. A historical comparison of disbursements in regard to applicants requesting disbursement, applicants receiving partial and full payments, applicants denied disbursement, and average time frame for providing disbursement;

7. A detailed summary of administrative expenditures related to the Indemnity Fund program;

8. The total amount of funds needed to complete the corrective action plan and achieve closure of all open or pending claims;

9. A detailed summary of the distribution of the assessment imposed pursuant to Section 354 of this title, including the percentage distributed to each eligible fund and the state entity authorized to use the fund as compared to the total assessment collected during the preceding year;

10. Other information which the Commission believes is pertinent regarding the Indemnity Fund program; and

11. Any other information requested by the Speaker of the House of Representatives or the President Pro Tempore of the Senate regarding the Indemnity Fund program.

B. The Oklahoma Tax Commission shall submit an annual report to the Speaker of the House of Representatives and the President Pro Tempore of the Senate detailing the amount of assessments collected for deposit to the Indemnity Fund and to the State Transportation Fund.

C. The Oklahoma Department of Transportation shall submit an annual report to the Speaker of the House of Representatives and the President Pro Tempore of the Senate detailing the expenditures made from the revenue received from the assessment levied pursuant to Section 354 of this title.

D. The reports shall include recommendations for any changes which may be required in the amount of the assessment imposed by Section 354 of this title.

Added by Laws 1989, c. 90, § 27, emerg. eff. April 21, 1989. Amended by Laws 1989, 1st Ex. Sess, c. 1, § 4, emerg. eff. Jan. 23, 1990; Laws 1993, c. 344, § 23, emerg. eff. June 9, 1993; Laws 1998, c. 375, § 33, emerg. eff. June 9, 1998; Laws 2013, c. 319, § 2, eff. Nov. 1, 2013.

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