There is hereby created in the State Treasury a revolving fund for the Oklahoma Housing Finance Agency (OHFA) to be designated the "Homebuilder Revolving Fund". The fund shall be a continuing fund, not subject to fiscal year limitations, and shall consist of all monies received by the OHFA from appropriations, donations, grants, or other sources of funding specifically designated for deposit to the Homebuilder Revolving Fund. All monies accruing to the credit of said fund are hereby appropriated and may be budgeted and expended by the OHFA for the purpose of the Oklahoma Homebuilder Program as described in Section 2 of this act. Of the funds available, the OHFA may use up to five percent (5%) of the funds to cover additional administrative costs to OHFA in administering the Oklahoma Homebuilder Program.
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