Okla. Stat. tit. 70, § 70-2206: Deposit of income and revenues - Payment of principal and
Where this section sits in the code
- OK Code
- Title 70
interest.
Except as to revenues paid directly to a trustee under the
provisions of subsection (e) of Section 3 hereof, all income and
revenues derived from the operation of the building shall be
deposited as collected in a fund to be applied solely to the payment
of the principal of and interest on the bonds and, to the extent so
provided in the resolution authorizing the bonds, to the payment of
the cost of maintaining and operating the building and the
establishment of reserves for such purpose. As principal and
interest become due from time to time the Treasurer shall, not less
than fifteen (15) days prior to the payment date, transmit to the
paying agent for the bonds money from said fund in an amount
sufficient to pay the principal or interest so falling due. Said
fund and the money therein is hereby irrevocably pledged to such
purposes.
Collected 2026-09-14T18:32:36Z. Source file · JSON