Okla. Stat. tit. 56, § 56-257: Permitted uses of individual development accounts

Individual development accounts may be used for any of the

following qualified purposes:

1. Qualified acquisition costs with respect to a qualified

principal residence for a qualified home buyer, or the costs of

major repairs or improvements to a qualified principal residence, if

paid directly to the persons to whom the amounts are due;

2. Amounts paid directly to a business capitalization account

which is established in a federally insured financial institution

and is restricted to use solely for qualified business

capitalization expenses consistent with a qualified plan;

3. Postsecondary educational expenses paid directly to an

eligible educational institution;

4. Amounts paid directly to an individual retirement account or

education IRA established pursuant to federal law in the name of the

IDA account holder or an immediate family member thereof; and

5. Qualified acquisition costs with respect to purchase of an

automobile, or costs of repair of an automobile, if paid directly to

a licensed automobile dealer or repair shop.