Okla. Stat. tit. 46, § 46-314: Duties of account holders

A. The account holder of a home buyer savings account:

1. Shall not use funds held in a home buyer savings account to

pay expenses of administering the account, except that a service fee

may be deducted from the account by a financial institution in which

the account is held;

2. Shall submit to the Oklahoma Tax Commission, with the

account holder's Oklahoma income tax return:

a. on forms prepared by the Oklahoma Tax Commission,

detailed information regarding the home buyer savings

account, including a list of transactions for the

account during the tax year, and

b. The Form 1099 issued by the financial institution for

such account; and

3. Shall submit to the Oklahoma Tax Commission, upon a

withdrawal of funds from a home buyer savings account, a detailed

account of the eligible costs toward which the account funds were

applied and a statement of the amount of funds remaining in the

account, if any.

B. An account holder may withdraw funds, in whole or in part,

from a home buyer savings account and deposit the funds in a new

home buyer savings account held by a different financial institution

or the same financial institution.