Okla. Stat. tit. 82, § 82-1113: Budget - Disposition of rents and charges
Where this section sits in the code
- OK Code
- Title 82
(a) The board of directors of a port authority created in
accordance with Section 2 of this Act shall annually prepare a
budget for the port authority.
(b) Rents and charges received by the port authority shall be
used for the general expenses of the port authority and to pay
interest, amortization, and retirement charges on money borrowed. If
there remains, at the end of any calendar year, any surplus of such
funds after providing for the above uses, the board of directors may
pay such surplus into the general funds of the political
subdivisions creating and comprising the port authority in
proportion to the taxable value of all property within the port
authority which shall be listed on the general tax lists for the
respective subdivisions.
Collected 2026-09-14T18:32:36Z. Source file · JSON