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Oklahoma Statutes - Title 40. Labor Page 192 11. To fund project planning, project management, strategy development and project consulting services; and 12. To make refunds of money erroneously collected and deposited in the OESC Technology Fund. B. Prior to expenditures authorized by paragraphs 1, 4, 6, 7, 9, 10 and 11 of subsection A of this section, the Chief Information Officer of the Office of Management and Enterprise Services shall be consulted for recommendations. The Office of Management and Enterprise Services shall provide periodic oversight of the technology modernization efforts and may assist the Oklahoma Employment Security Commission in any manner necessary to accomplish the purposes of this fund, including requiring the Oklahoma Employment Security Commission to provide regular reports to the Office of Management and Enterprise Services on the technology modernization efforts. Added by Laws 2017, c. 345, § 10, eff. July 1, 2017. Amended by Laws 2023, c. 346, § 5, eff. Nov. 1, 2023.

§40-6-203. Custodian and treasurer of fund. CUSTODIAN AND TREASURER OF FUND. A. The State Treasurer shall be the custodian and treasurer of the OESC Technology Fund. B. The State Treasurer shall deposit the monies belonging to the OESC Technology Fund that are in his or her custody subject to the provisions of Section 6-204 of this title. C. The State Treasurer, as custodian of the OESC Technology Fund, shall hold, invest, transfer, sell, deposit and release those monies, properties or securities in a manner approved by the Oklahoma Employment Security Commission. Provided, however, that those monies shall be invested in the classes of securities legal for investment of public monies of this state. Provided further, the investment shall at all times be so made that all assets of the OESC Technology Fund shall always be readily convertible into cash when needed for any expenditure authorized in Section 6-202 of this title. Added by Laws 2017, c. 345, § 11, eff. July 1, 2017. Amended by Laws 2019, c. 251, § 12, eff. July 1, 2019.

§40-6-204. Technology reinvestment apportionment. TECHNOLOGY REINVESTMENT APPORTIONMENT. A. 1. For the period beginning January 1, 2023, and ending December 31, 2027, each employer subject to the provisions of Sections 3-109, 3-110.1 and 3-113 of this title shall be required to pay an OESC Technology Reinvestment Apportionment equal to five percent (5%) of the unemployment taxes that would be owed to the Oklahoma Employment Security Commission before any rate reduction is made pursuant to Section 3-109.3 of this title. This apportionment