Okla. Stat. tit. 62, § 62-57.185: 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 E Bonds, Section 1, this act, 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 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 E Bonds.