{"data":{"id":"us-ok/okla.-stat.-tit.-62-62-57.133","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 62, § 62-57.133","heading":"Delivery of bonds upon payment - Deposit and investment","body":"of proceeds - Interest.\n\nThe bonds and interest coupons attached thereto shall be\n\ndelivered to the purchaser thereof only upon payment of par and\n\naccrued interest to the date of delivery thereof, together with any\n\npremium bid, if any. The proceeds of the sale of said bonds shall\n\nbe deposited in the State Treasury of the State of Oklahoma, in the\n\nState of Oklahoma Building Bonds of 1968 Fund, where they shall\n\nremain subject to disposition as provided for by the Legislature of\n\nOklahoma, provided that the State Treasurer of the State of\n\nOklahoma, when so directed by any agency to which a portion of such\n\nfund has been appropriated as to the amount appropriated to such\n\nagency, shall invest the amounts designated by such agency for the\n\nperiod or periods of time specified by such agency in direct\n\nobligations of the United States of America or in certificates of\n\ndeposits from banks in the State of Oklahoma acceptable as\n\ndepositories by the State Treasurer when such certificates of\n\ndeposits are secured by the acceptable collateral and yield as much\n\nor more than direct obligations of the United States of America, and\n\nprovided further that all such investments of said monies must be so\n\nmade that the same shall mature in time to enable the State of\n\nOklahoma to issue warrants for payment of the valid indebtedness\n\nincurred for the purpose for which said bonds are issued, when the\n\nsaid indebtedness has been incurred pursuant to legislative\n\nauthority. It shall be the duty of each agency receiving an\n\nappropriation to promptly certify to the State Treasurer the amount\n\nof all sums not needed for payment of construction and other legal\n\nexpenditures payable from the fund to meet the construction payment\n\nschedule, and upon receipt of such certification the State Treasurer\n\nshall forthwith make the aforementioned investment. All interest\n\nreceived by the State Treasurer upon the above-mentioned securities\n\nafter June 30, 1972, shall be deposited in the State of Oklahoma\n\nBuilding Bonds of 1968 Sinking Fund. Any appropriations of such\n\ndeposited interest enacted prior to June 30, 1972, for the agency\n\nfor which the investment was made may be expended as provided\n\ntherein. Any unappropriated amounts of such deposited interest\n\ncredited on June 30, 1972, to the agency for which the investment\n\nwas made, as formerly authorized by this section, shall be\n\ntransferred to the General Revenue Fund.","path":["OK Code","Title 62"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os62.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"72a09ebe9b88fa2b0e4603d6b83b1d6237da5fa6e5f2a299582755e637bef94e","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-62-62-57.132","next":"us-ok/okla.-stat.-tit.-62-62-57.134"},"notice":"GroundRules: Original legal text. Not legal advice."}