Okla. Stat. tit. 11, § 11-39-114: Transfer of revenues to general fund

The governing body may transfer to the general fund of the city

any money obtained from the levy of an assessment for a district if:

1. Bonds were issued to finance the improvement; and

2. The funds obtained by the bonds were spent for the

improvement; and

3. The assessments were levied and collected for the payment of

the bonds; and

4. Either the bondholders are barred by the statute of

limitations or a court judgment or decree from collecting the

indebtedness; or

5. The bonded indebtedness has been paid.