Okla. Stat. tit. 70, § 70-1-118.1: Building fund – Technology center school districts

The building fund of any technology center school district shall

consist of all monies derived from the proceeds of a building fund

levy not to exceed five (5) mills in any year, voted by the people

of a school district pursuant to the provisions of Section 10 of

Article X of the Oklahoma Constitution, monies appropriated by the

state for the purpose of capital expenditures or projects, and

monies donated to a school district for the purpose of capital

projects or improvements and may be used for purchasing, providing,

erecting, remodeling, repairing or maintaining any of the following:

school buildings, furniture, computer systems and equipment,

software for instructional and noninstructional purposes, energy and

utility costs, telecommunications utilities and services, fire and

casualty insurance premiums for school facilities, security, student

transportation, grounds maintenance including parking lots and

sidewalks, instructional and maintenance equipment, or for one or

more, or all, of these purposes. Proceeds of the levies shall not

be required to be used during the year for which a levy is made but

may accumulate from year to year until adequate for the purposes

intended. The building fund defined in this section is hereby

declared to be a current expense fund, but shall not be considered a

part of the general operating fund. No monies derived from the

proceeds of the school levies made pursuant to the provisions of

Section 9B of Article X of the Oklahoma Constitution may be placed

in the building fund provided by this section.