A. Effective July 1, 2016, all property of the Will Rogers Memorial Commission including, but not limited to, the property specified in Sections 45 and 47.8 of Title 53 of the Oklahoma Statutes, is hereby transferred to the Oklahoma Historical Society and shall be under the governance of the Oklahoma Historical Society.

B. All Commission personnel, in both the classified and unclassified service of the State Merit System of Personnel Administration, who are assigned as of June 30, 2016, including related liabilities for sick leave, annual leave, holidays, unemployment benefits and workers' compensation benefits accruing prior to July 1, 2016, to such personnel shall be transferred as of July 1, 2016, to the Oklahoma Historical Society. To the extent possible, the Oklahoma Historical Society shall ensure that the employees retain pay and benefits, including longevity, dependent insurance benefits, seniority, rights and other privileges and benefits.

C. Appropriate conveyances and other documents shall be executed by July 1, 2016, to effectuate the transfer of the Will Rogers Memorial Commission.

D. The Office of Management and Enterprise Services shall determine the amount of funds from available budgetary resources for the Will Rogers Memorial Commission, including any appropriated funds, revolving funds or sinking funds, that should be transferred on July 1, 2016, from the Will Rogers Memorial Commission to the Oklahoma Historical Society to continue operation of the Memorial for the fiscal year ending June 30, 2016. The Director of the Office of Management and Enterprise Services is authorized and directed to coordinate and administer the funds transfer. The funds transferred to the Oklahoma Historical Society shall not be subject to any budgetary limits that may have attached to the funds when the funds were appropriated to the Commission. From the effective date of this act through June 30, 2016, the Commission shall not spend or encumber more than the funds budgeted for that period without prior approval of the Office of Management and Enterprise Services.

E. The Oklahoma Historical Society may establish appropriate funds and accounts, including a revolving fund in the Office of Management and Enterprise Services for servicing the fiscal operations of the Memorial. Such funds and accounts shall be subject to the direct supervision, management and control of the Oklahoma Historical Society.

F. An employee transferred pursuant to the provisions of this act who is a member of the Oklahoma Public Employees Retirement System shall retain such membership and all service credit and other benefits associated therewith.

H. The rules of the Commission that are in effect on July 1, 2016, shall be enforceable by the Oklahoma Historical Society until the Oklahoma Historical Society establishes rules or until January 1, 2018, whichever occurs earlier.