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Oklahoma · Snapshot open-us-law v2026.08, retrieved 2026-09-14

Okla. Stat. tit. 52, § 52-555: Investment of funds - Apportionment of interest

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Where this section sits in the code
  1. OK Code
  2. Title 52

The State Treasurer shall invest the monies in the Mineral

Owner's Fund and shall annually apportion the interest earned as

follows:

1. Twenty-five percent (25%) to the Corporation Commission to

be used for plugging abandoned oil and gas wells, pursuant to

Sections 308 et seq. of this title, not to exceed Three Hundred

Thousand Dollars ($300,000.00) per year; provided, that any amount

that would cause funds available for that purpose to exceed Five

Hundred Thousand Dollars ($500,000.00) in any one (1) year shall

remain in the Mineral Owner's Fund;

2. Fifty percent (50%) to the State Treasurer but not more than

Two Hundred Thousand Dollars ($200,000.00) per year, to be spent for

advertising, personnel and other expenses incurred to search for the

rightful owners of unclaimed intangible property generated by

mineral interests; and

3. Any remaining interest shall be added to the principal of

the Mineral Owner's Fund.

Collected 2026-09-14T18:32:36Z. Source file · JSON

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