Okla. Stat. tit. 68, § 68-1806: Proceeds of tax, how applied

All monies, funds and revenues arising, collected, received, by

the Oklahoma Tax Commission pursuant to the provisions of this act

shall be applied as follows:

(a) Five percent (5%) of all monies collected under the

provisions of this act shall be paid to the State Treasurer and

placed to the credit of the General Revenue Fund of the State

Treasury.

(b) (1) Except as provided in paragraph (2) of this

subsection, the remaining ninety-five percent (95%) of

all monies collected under this act shall be

apportioned and paid each month by the Oklahoma Tax

Commission to the school treasurers or school

districts of the respective counties in which the

remitting cooperative owns and operates property, as

defined in Section 1804 of this title, according to

the proportion which the number of miles of electrical

distribution lines of such cooperative in such school

district bears to the total number of miles of such

lines owned and operated by such cooperative within

the state.

(2) Beginning July 1, 1991, if the amendment to Section

12a of Article X of the Constitution of the State of

Oklahoma contained in Enrolled House Joint Resolution

No. 1005 of the 1st Extraordinary Session of the 42nd

Oklahoma Legislature is approved by the people, the

remaining ninety-five percent (95%) of all monies

collected under this act shall be remitted to the

State Treasurer to be deposited in the Common School

Fund.