{"data":{"id":"us-ok/okla.-stat.-tit.-52-52-555","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 52, § 52-555","heading":"Investment of funds - Apportionment of interest","body":"The State Treasurer shall invest the monies in the Mineral\n\nOwner's Fund and shall annually apportion the interest earned as\n\nfollows:\n\n1. Twenty-five percent (25%) to the Corporation Commission to\n\nbe used for plugging abandoned oil and gas wells, pursuant to\n\nSections 308 et seq. of this title, not to exceed Three Hundred\n\nThousand Dollars ($300,000.00) per year; provided, that any amount\n\nthat would cause funds available for that purpose to exceed Five\n\nHundred Thousand Dollars ($500,000.00) in any one (1) year shall\n\nremain in the Mineral Owner's Fund;\n\n2. Fifty percent (50%) to the State Treasurer but not more than\n\nTwo Hundred Thousand Dollars ($200,000.00) per year, to be spent for\n\nadvertising, personnel and other expenses incurred to search for the\n\nrightful owners of unclaimed intangible property generated by\n\nmineral interests; and\n\n3. Any remaining interest shall be added to the principal of\n\nthe Mineral Owner's Fund.","path":["OK Code","Title 52"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os52.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"3985391af5f7832eb95b9b847108955185375123bb1ec89c933e7cbc8182da12","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-52-52-554","next":"us-ok/okla.-stat.-tit.-52-52-556"},"notice":"GroundRules: Original legal text. Not legal advice."}