Okla. Stat. tit. 62, § 62-57.175: Deposit of proceeds - Investment

Notwithstanding the provisions of Section 57.133, Title 62,

Oklahoma Statutes, to the contrary, the proceeds from the sale of

such Series D Bonds shall be deposited in the State of Oklahoma

Building Bonds of 1968 Fund, where the proceeds shall remain subject

to disposition as provided for by the Legislature of Oklahoma,

provided that it shall be the duty of the agency to which an

appropriation therefrom is made by Senate Bill No. 374 of the lst

Session of the 34th Oklahoma Legislature to advise in writing the

State Treasurer of the dates and amounts when each such appropriated

sum or portion thereof will be required by such agency to satisfy

its program for the expenditure thereof, such written advice to be

delivered by each such agency to the State Treasurer within ten (10)

days of the sale of such bonds, and it shall be the duty of the

State Treasurer to invest the proceeds from the sale of such bonds

in direct obligation of the United States of America or in

certificates of deposit from banks in Oklahoma acceptable as

depositories by the State Treasurer when such certificates of

deposit are secured by acceptable collateral and yield as much or

more than direct obligations of the United States of America,

maturing at such times and in such amounts as to enable the State of

Oklahoma to issue warrants in the amounts and at the times indicated

by the said agencies in their said written advices to the State

Treasurer, and the income from such investments shall be deposited

by the State Treasurer in the State of Oklahoma Building Bonds of

1968 Sinking Fund and shall be used to pay the interest on such

Series D Bonds.