Okla. Stat. tit. 62, § 62-333: Building funds - Surplus used to reduce tax for sinking

fund.

When the governing board of any county, city, town or school

district shall determine by proper resolution in writing that a

surplus exists in any building fund created under the provisions of

Section Ten (10), Article Ten (10), Oklahoma Constitution, not

required for the completion of the purpose for which said taxes were

levied and collected, or where said proposed construction has been

abandoned, said surplus shall be refunded to the taxpayers by the

use thereof by the county excise board to reduce the tax levy for

the sinking fund of the municipality for which the building fund was

created. Provided, that any portion of said building fund surplus

not required to eliminate a sinking fund tax levy for said

municipality shall be refunded to the taxpayers by the use thereof

to reduce the tax levy for the benefit of the general fund for the

same municipality.