Section 34.62 - Encumbrance requirements for payment of state fundsEncumbrance requirements for payments from funds of the state shall include the following:
1. Whenever agencies of this state enter into contracts for, or on behalf of the state for the purchase of tangible or intangible property, or for services or labor, such agreement shall be evidenced by written contracts or purchase orders, and must be transmitted to the Director of the Office of Management and Enterprise Services within a reasonable time from the date of the awarding of the contract or purchase order, as determined by the Director;2. The Director of the Office of Management and Enterprise Services shall charge such contracts or purchase orders against the proper account as an outstanding order until it is liquidated by payment of a claim, or claims, against the contracts or purchase orders, or by cancellation of the contract or purchase order;3. The Director of the Office of Management and Enterprise Services shall have the power to authorize agencies of the state to make acquisitions without the submission of competitive bids or compliance with the state purchase card program as otherwise required by the Oklahoma Central Purchasing Act, for or on behalf of the state whenever the Director determines that it is in the best interests of the state. The administrative head of any agency shall be personally liable for obligations incurred in excess of the authorization granted by the Director;4. The Director of the Office of Management and Enterprise Services shall never authorize payment of claims for any agency of the state unless they are supported by:a. contracts or purchase orders of the Office of Management and Enterprise Services, b. institutional purchase orders or contracts, c. departmental purchase orders or contracts, or d. authorizations for purchases granted by the Director as provided by paragraph 3 of this section;5. Any invoice or claim dated prior to the date of any of the above-mentioned encumbrance documents shall be rejected by the Office of Management and Enterprise Services;6. Any encumbrance document that is outstanding on the records in the Office of Management and Enterprise Services when its funding source or sources lapse shall be canceled, unless another current funding source is assigned; and7. The Commissioners of the Land Office shall be authorized to make payment of fees to its custodial banks, investment consultants and investment managers from the proceeds of total realized investment gains and such payments may be made from a special fund hereby created in the State Treasury for this purpose. Total payments for this purpose in a fiscal year shall not exceed one-half percent (0.5%) of the market value of the funds under the Commissioners' management on June 30 of the previous fiscal year.Okla. Stat. tit. 62, § 34.62
Amended by Laws 2021 , c. 227, s. 1, eff. 7/1/2021.Amended by Laws 2020 , c. 99, s. 28, eff. 11/1/2020.Amended by Laws 1983, SB 320, c. 334, § 4, emerg. eff. 6/30/1983; Amended by Laws 1984, SB 527, c. 166, § 5, emerg. eff. 7/1/1984; Amended by Laws 1990, SB 781, c. 264, § 60, emerg. eff. 7/1/1990; Amended by Laws 1997, HB 1875, c. 301, § 1, eff. 9/1/1997; Amended by Laws 1998 , HB 2430, c. 85, §6, emerg. eff. 7/1/1998; Amended by Laws 2009 , HB 2015, c. 441, §39, emerg. eff. 7/1/2009; Renumbered from 62 O.S. § 41.16 by Laws 2009 , HB 2015, c. 441, §64, emerg. eff. 7/1/2009; Amended by Laws 2012 , HB 3079, c. 304, §385.