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Oklahoma · Snapshot open-us-law v2026.08, retrieved 2026-09-14

Okla. Stat. tit. 70, § 70-4007: Disposition of proceeds of operation of buildings

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Where this section sits in the code
  1. OK Code
  2. Title 70

Except as to revenues paid directly to a trustee under the

provisions of Section 1004(a) (5) hereof, all income and revenues

derived from the operation of the building shall be deposited as

collected in a fund in the State Treasury 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 becomes due from time to time the State 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

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