Okla. Stat. tit. 82, § 82-1085.44: Monies appropriated to Statewide Water Development

Revolving Fund - Use as security and collateral.

In addition to the purposes outlined in Section 1085.40 of Title

82 of the Oklahoma Statutes, all monies appropriated by the

Legislature to the Statewide Water Development Revolving Fund may be

used by the Board for security and collateral for investment

certificates issued by the Board pursuant to Section 1085.33 of

Title 82 of the Oklahoma Statutes. Furthermore, the Board is hereby

directed to manage and administer the Statewide Water Development

Revolving Fund so as to maintain a revolving fund balance adequate

to sufficiently back any and all outstanding investment

certificates. Any state liability arising from the implementation

of this section shall be limited to those monies in the Statewide

Water Development Revolving Fund which have been reserved as backing

for the outstanding investment certificates.