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Revolving Funds, What's That?

A revolving fund is a fund of a specific government agency or entity that collects revenues from fees and other sources and supports expenditures of that agency or entity.

In Oklahoma, most revolving funds cannot be spent by the Legislature, and balances of the fund carry over from one year to the next for the same purpose. Most revolving funds are created by laws. Expenditures from revolving funds may be limited to purposes defined by the law.

There are over 1,100 agency revolving funds, each designated by a specific number and title (e.g. State Bond Advisor 285 Fund – Bond Oversight Revolving Fund). The state uploads a full list of revolving funds and their balances each month at data.ok.gov.

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