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§ 858-605. Expenditure of funds

Oklahoma Statutes AnnotatedTitle 59. Professions and Occupations

Oklahoma Statutes Annotated
Title 59. Professions and Occupations (Refs & Annos)
Chapter 20. Oklahoma Real Estate License Code
Article VI. Real Estate Education and Recovery Fund
59 Okl.St.Ann. § 858-605
§ 858-605. Expenditure of funds
Currentness
At any time when the total amount of monies deposited in the Oklahoma Real Estate Education and Recovery Fund exceeds Two Hundred Fifty Thousand Dollars ($250,000.00), the Commission in its discretion may expend such excess funds each fiscal year for the following purposes:
1. To promote the advancement of education in the field of real estate for the benefit of the general public and those licensed under the Oklahoma Real Estate License Code,1 but such promotion shall not be construed to allow advertising of this profession;
2. To underwrite educational seminars and other forms of educational projects for the benefit of real estate licensees;
3. To establish real estate courses at institutions of higher learning located in the state and accredited by the State Regents for Higher Education for the purpose of making such courses available to licensees and the general public; and
4. To contract for a particular educational project in the field of real estate to further the purposes of the Oklahoma Real Estate License Code.

Credits

Laws 1977, c. 182, § 10, eff. July 1, 1977; Laws 1983, c. 289, § 3, emerg. eff. June 24, 1983; Laws 1988, c. 324, § 6, operative July 1, 1988.

Footnotes

1
Title 59, § 858-101 et seq.
59 Okl. St. Ann. § 858-605, OK ST T. 59 § 858-605
Current with emergency effective legislation through Chapter 295 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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