Oklahoma § 70-9108 Oklahoma NCAA Division II Athletic Conference Exploration

Oklahoma Statutes

§ 70-9108 — Oklahoma NCAA Division II Athletic Conference Exploration

Oklahoma·Title 70 Schools

Commission Revolving Fund.

A.There is hereby created in the State Treasury a revolving fund for the Oklahoma NCAA Division II Athletic Conference Exploration Commission to be designated the "Oklahoma NCAA Division II Athletic Conference Exploration Commission Revolving Fund". The fund shall be a continuing fund, not subject to fiscal year limitations, and shall consist of all monies received by the Oklahoma NCAA Division II Athletic Conference Exploration Commission from appropriations, gifts, grants, donations, and bequests. All monies accruing to the credit of the fund are hereby appropriated and may be budgeted and expended by the Oklahoma NCAA Division II Athletic Conference Exploration Commission for the purpose of implementing the provisions of this act. Expenditures from the fund s

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Commission Revolving Fund. A. There is hereby created in the State Treasury a revolving fund for the Oklahoma NCAA Division II Athletic Conference Exploration Commission to be designated the "Oklahoma NCAA Division II Athletic Conference Exploration Commission Revolving Fund". The fund shall be a continuing fund, not subject to fiscal year limitations, and shall consist of all monies received by the Oklahoma NCAA Division II Athletic Conference Exploration Commission from appropriations, gifts, grants, donations, and bequests. All monies accruing to the credit of the fund are hereby appropriated and may be budgeted and expended by the Oklahoma NCAA Division II Athletic Conference Exploration Commission for the purpose of implementing the provisions of this act. Expenditures from the 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. B. The Commission may make expenditures from the Oklahoma NCAA Division II Athletic Conference Exploration Commission Revolving Fund to cover expenses related to studies, meetings, consultations, and other necessary activities. Funding that is not expended by the Commission may be used as necessary to perform the necessary activities to create the Conference. These funds can be used for both the initial operating costs of the Conference as well as funds required by conference institutions to pay fees to exit their current conference affiliation. Additional funding may be sought from private or nonprofit sources, if necessary. C. The Commission shall explore various funding sources, including partnerships with private organizations, sponsorships, and grants to help defray costs associated with the creation of the new conference.

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