Okla. Stat. tit. 60, § 60-175.504: Transfers from income to reimburse principal

TRANSFERS FROM INCOME TO REIMBURSE PRINCIPAL

A. If a trustee makes or expects to make a principal

disbursement described in this section, the trustee may transfer an

appropriate amount from income to principal in one or more

accounting periods to reimburse principal or to provide a reserve

for future principal disbursements.

B. Principal disbursements to which subsection A of this

section applies include the following, but only to the extent that

the trustee has not been and does not expect to be reimbursed by a

third party:

1. An amount chargeable to income but paid from principal

because it is unusually large, including extraordinary repairs;

2. A capital improvement to a principal asset, whether in the

form of changes to an existing asset or the construction of a new

asset, including special assessments;

3. Disbursements made to prepare property for rental, including

tenant allowances, leasehold improvements, and broker's commissions;

4. Periodic payments on an obligation secured by a principal

asset to the extent that the amount transferred from income to

principal for depreciation is less than the periodic payments; and

5. Disbursements described in paragraph 7 of subsection A of

Section 26 of this act.

C. If the asset whose ownership gives rise to the disbursements

becomes subject to a successive income interest after an income

interest ends, a trustee may continue to transfer amounts from

income to principal as provided in subsection A of this section.