Okla. Stat. tit. 70, § 70-5-129.2: Separate accounts - Disbursements - Approval by boards

of education - Transfer of funds.

A. In conformance with any other law providing procedures for

the deposit of such funds, area school districts shall be authorized

to establish separate accounts for deposits received for live work,

resale items, student financial aid, tuitions and other fees. Such

funds shall be deposited to the credit of the account maintained for

that particular purpose. Disbursements from each account shall be

by check countersigned by the custodian of the account and shall not

be used for any purpose other than that for which the account was

originally created.

B. The board of education of the technology center school

district, at the beginning of each fiscal year and as needed during

each fiscal year, shall approve all accounts created pursuant to

this section and all purposes for which the monies collected in each

account may be expended. Provided, the board of education may

direct by written resolution that any balance in excess of the

amount needed to fulfill the function or purpose for which an

account was established may be transferred to another account by the

custodian.