There is hereby created in the State Treasury a revolving fund for the Construction Industries Board to be designated the “Roofing Contractor Registration Revolving Fund”. The fund shall be a continuing fund, not subject to fiscal year limitations, and shall consist of application and renewal fees, late fees, administrative fees, reinstatement fees, and any other monies collected pursuant to the Roofing Contractor Registration Act. All monies accruing to the credit of the fund are hereby appropriated and may be budgeted and expended by the Construction Industries Board for implementation and administration of the Roofing Contractor Registration Act, and the fully adjudicated fine revenue received into this fund may be transferred to the Skilled Trade Education and Workforce Development Fund created in subsection E of Section 1 of this act.¹ 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.

This fund shall be subject to and comply with the provisions of Section 211 of Title 62 of the Oklahoma Statutes.