Okla. Stat. tit. 68, § 68-1373: Sales Tax Remitting Account - Creation - Contents -

Investment of deposits.

A. There is hereby created within the State Treasury an account

to be designated the "Sales Tax Remitting Account".

B. The account shall consist of all sales tax revenue,

penalties and interest, collected by the Oklahoma Tax Commission

pursuant to the Oklahoma Sales Tax Code, Section 1350 et seq. of

this title, all sales tax revenue, penalties and interest collected

by the Oklahoma Tax Commission on behalf of counties or

municipalities pursuant to a contractual agreement authorized by

Section 1371 or Section 2702 of this title and all use tax revenue,

penalties and interest collected by the Oklahoma Tax Commission on

behalf of municipalities pursuant to a contractual agreement

authorized by Section 2702 of this title.

C. The State Treasurer shall invest the monies deposited in the

Sales Tax Remitting Account in investments as authorized by law for

municipalities and counties and in a manner consistent with the

requirements of law concerning remittance of sales tax revenue to

municipalities and counties upon behalf of which the Oklahoma Tax

Commission collects such taxes.