Okla. Stat. tit. 19, § 19-1210: Proportionate payment of costs
Where this section sits in the code
- OK Code
- Title 19
A. Each county in which any of the area of a district is
located shall pay its proportionate share of the cost of the
district, based on the ratio which that part of the population of
such district residing in the county bears to the total population
of the district. Such cost shall be paid from the county treasury,
but shall not exceed the equivalent of one (1) mill on each dollar
of valuation in the district.
B. Any incorporated town or city that is a party to the
district shall pay a proportionate share of the cost of the
district, based on the ratio which that part of the population of
such district residing in the town or city, bears to the total
population of the district.
C. Such cost shall include so much of the following as is not
paid from revenues of the district:
1. All operating and maintenance expenses necessary or
desirable for the prudent conduct of affairs of the district and the
principal of and interest on the obligations issued or assumed by
the district in the performance of the purposes for which it was
organized; and
2. Adequate reserves for the retirement of indebtedness,
maintenance and other purposes necessary and expedient to meeting
all obligations of the district.
D. Any revenue received by the district shall be devoted,
first, to the payment of operating and maintenance expenses and the
principal and interest on outstanding obligations and, thereafter,
to such reserves for improvements, retirement of indebtedness, new
construction, depreciation and contingencies as the board of
directors may from time to time prescribe.
Collected 2026-09-14T18:32:36Z. Source file · JSON