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

Okla. Stat. tit. 74, § 74-9056: Unregulated Utility Consumer Protection Fund

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Where this section sits in the code
  1. OK Code
  2. Title 74

A. There is hereby created in the State Treasury a fund to be

designated the "Unregulated Utility Consumer Protection Fund", which

shall be utilized by the Oklahoma Development Finance Authority to

make loans to unregulated utilities to carry out the purposes of

this act. The fund shall consist of proceeds from the issuance of

obligations authorized in Section 6 of this act, revenues from the

loan program and any other contributions from unregulated utilities

permitted by law.

B. To the extent the unregulated utility receives, prior to the

issuance of a loan pursuant to this act, insurance proceeds,

governmental grants or any other source of funding that compensates

it for extreme purchase costs or extraordinary costs, or if actual

amounts are determined to be lower than estimated amounts, those

amounts shall be used to reduce the qualified costs of the

unregulated utility that are recoverable from customers. If the

amounts are received after the issuance of a loan, they shall be

remitted to the Authority and deposited into the Unregulated Utility

Consumer Protection Fund. Any amounts remitted to the Authority

after the issuance of a loan shall be credited against the loan

payments of the unregulated utility using a reasonable methodology

determined by the Authority.

Collected 2026-09-14T18:32:36Z. Source file · JSON

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