Fund. A. There is hereby created in the State Treasury a revolving fund for the Oklahoma Water Resources Board to be designated the "Phase II Arbuckle-Simpson Hydrology Study Revolving Fund". B. The fund shall be a continuing fund, not subject to fiscal year limitations, and shall consist of all monies received by the Oklahoma Water Resources Board from the appropriations, apportionments, donations, federal grants and fee revenues designated for the purposes of completing in coordination with relevant state and federal agencies, specifically including the United States Geological Survey, data collection and development of an enhanced hydrologic framework and modeling of the eastern Arbuckle-Simpson Groundwater Basin necessary for purposes of implementing the requirements of subsection A of Section 1020.9 of Title 82 of the Oklahoma Statutes, or as otherwise appropriate for the Board's performance of its lawful function, which work is necessary for completion of Phase II of the Arbuckle-Simpson Hydrology Study. C. All monies accruing to the credit of the fund are hereby appropriated and may be budgeted and expended by the Oklahoma Water Resources Board for the purpose of implementing Phase II of the Arbuckle-Simpson Hydrology Study. The Board shall coordinate with East Central University and the United States Geological Survey for the purpose of defining the study scope and conducting the work necessary to complete data collection and the development of an enhanced hydrologic framework and modeling of the eastern Arbuckle- Simpson Groundwater Basin necessary for purposes of implementing the requirements of subsection A of Section 1020.9 of Title 82 of the Oklahoma Statutes, or as otherwise appropriate for the Board's performance of its lawful function. The Board may coordinate with other relevant state and federal agencies necessary for the purposes of this fund. D. 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.
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