Oklahoma Statutes
§ 40-6-205 — Technology Fund balance.
Oklahoma·Title 40 Labor
TECHNOLOGY FUND BALANCE. The balance of the OESC Technology Fund on July 1 of any given year shall be used in the calculation of conditional factors pursuant to Section 3-113 of this title as long as the OESC Technology Fund has a balance greater than zero (0). The balance of the fund shall not exceed Twenty-five Million Dollars ($25,000,000.00) prior to June 30, 2024, or be greater than the calculated amount of Twenty-five Million Dollars ($25,000,000.00). All funds in excess of these amounts shall be transferred to the Unemployment Compensation Fund. The calculation shall be conducted in the following manner: The balance of the OESC Technology Fund as of July 1 of any given year shall be aggregated with the balance of the Unemployment Compensation Fund as of July 1 of the same year, with
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Legislative History
Added by Laws 2017, c. 345, § 13, eff. July 1, 2017. Amended by Laws 2023, c. 346, § 7, eff. Nov. 1, 2023.
Nearby Sections
15
§ 40-1-101
Short title.§ 40-1-102
Purpose of Act.§ 40-1-103
Declaration of state public policy.§ 40-1-104
Saving clause.§ 40-1-106
Section captions.§ 40-1-107
Construction against implicit repeal.§ 40-1-109
Unemployment benefits impact study.§ 40-1-201
General definitions.§ 40-1-202.1
Extended Base Period.§ 40-1-202.2
Repealed§ 40-1-202A
Renumbered§ 40-1-202B
Renumbered§ 40-1-208
Employer.