Okla. Admin. Code § 35:40-7-3

Current through Vol. 42, No. 4, November 1, 2024

Section 35:40-7-3 - Funding

(a) Taxpayer donations to the Fund will be collected throughout the calendar year by the Oklahoma Tax Commission. Within thirty (30) calendar days after the end of the calendar year, the Department will determine if sufficient funds are available to warrant statewide applications for funding. The Fund must contain at least $35,000 before the Department accepts applications. If the Fund is below $35,000 then the monies in the Fund will be carried forward and applied to the next calendar year.

(b) The Department is not required to allocate all of the funds available for disbursement.

(c) The applications shall be reviewed by an advisory committee and ranked by the number of points accrued pursuant to rule 35:40-7-6, feasibility of the application request, and available funding.

(d) The advisory committee shall provide the Department with a report that details the ranking of each application and the committee's recommendations for distribution of monies from the Fund.

(e) The Department shall review the recommendation of the advisory committee and any of the applications to determine and approve the final distribution of monies from the Fund.

Okla. Admin. Code § 35:40-7-3

Added at 21 Ok Reg 1181, eff 5-27-04