Okla. Stat. tit. 11, § 11-39-113: Use of revenues

A. All money received by the city from any special assessment

or assessment within a district shall be held in a special fund and

used to:

1. Pay the cost of the improvement for which the assessment was

made;

2. Reimburse the city for any work performed or cost incurred

by the city in constructing the improvement; or

3. Pay the interest and principal due on any outstanding

negotiable bonds, including replenishment of debt service reserves,

reimbursements to bond insurers or other providers of credit

enhancement, and other payments required in connection with bonds

issued to pay for improvements.

B. Any person who uses money in a district fund other than as

provided in this section is guilty of a Class D3 felony offense and

shall be punished by a fine not exceeding One Thousand Dollars

($1,000.00), or by imprisonment as provided for in subsections B

through F of Section 20P of Title 21 of the Oklahoma Statutes, or by

both such fine and imprisonment, in the discretion of the court.