Okla. Stat. tit. 82, § 82-1324.11: Revenues

A. Rural water, sewer, gas and solid waste management districts

formed pursuant to this act shall be operated without profit, but

the rates, fees, rents or other charges for water, gas and other

facilities, supplies, equipment or services furnished by the

district shall be sufficient at all times:

1. To pay all operating and maintenance expenses necessary or

desirable for the prudent conduct of its affairs and the principal

of and interest on the obligations issued or assumed by the district

in the performance of the purposes for which it was organized; and

2. For the creation of adequate reserves for the retirement of

indebtedness, maintenance and other purposes necessary and expedient

to meeting all obligations of the district.

B. The revenues of the district shall be devoted, first, to the

payment of operating and maintenance expenses and the principal and

interest on outstanding obligations, and, thereafter, to such

reserves for improvements, retirement of indebtedness, new

construction, depreciation and contingencies as the board of

directors may from time to time prescribe.

C. Rates shall be reviewed and adjusted as deemed necessary by

the board of directors to ensure that revenues will be adequate for,

but not exceed, the amounts required for the purposes provided for

in subsection B of this section.