Okla. Stat. tit. 62, § 62-445: Surplus of sinking fund - Transfer to general fund

Where any county, city, town, or school district, dependent or

independent, has accumulated a surplus in the sinking fund thereof,

represented by actual cash on hand in excess of all outstanding bond

or judgment indebtedness, both matured and unmatured, including

coupon and/or other interest earnings thereon whether matured or

unmatured, earned or unearned, or if there be no known bond, coupon,

or judgment indebtedness outstanding against it, the county excise

board on application of the proper officers thereof is hereby

authorized to approve the transfer of said surplus in the sinking

fund of said county, city, town, or school district to be used for

general fund purposes of the same county, city, town, or school

district; provided, that before the excise board shall have

authority to consider or approve the application of the governing

board for authority to make such transfer, there shall be attached

to such application an affidavit and proof of publication of

published notice by such governing board of its intention to apply

for authority to make such transfer, which published notice shall

set forth in detail the condition of the sinking fund thereof or as

to the fact of there being no known bond, coupon or judgment

indebtedness outstanding. Such notice shall be published in some

newspaper of general circulation in such municipality, or in such

county if there be no newspaper published in the city, town, or

school district.