Okla. Stat. tit. 69, § 69-1712: Monies deemed trust funds
Where this section sits in the code
- OK Code
- Title 69
All monies received pursuant to the authority of this article,
whether as proceeds from the sale of bonds or as revenues, shall be
deemed to be trust funds, to be held and applied solely as provided
in this article. The resolution authorizing the bonds of any issue
or the trust agreement securing such bonds shall provide that any
officer to whom, or any bank or trust company to which, such money
shall be paid shall act as trustee of such monies and shall hold and
apply the same for the purposes hereof, subject to such regulations
as this article and such resolution or trust agreement may provide.
Collected 2026-09-14T18:32:36Z. Source file · JSON