{"data":{"id":"us-ok/okla.-stat.-tit.-63-63-1-1980","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 63, § 63-1-1980","heading":"Use of fee proceeds for business expenses","body":"The owner of any nursing home, assisted living center,\n\nresidential care home, continuum of care facility, independent\n\nliving facility, life care community, long-term care facility or any\n\nother facility offering similar services which may or may not be\n\nsubject to the licensing requirements of the State Department of\n\nHealth shall be authorized to use the proceeds from any fees\n\nrequired by and paid to the facility unless named and specifically\n\nprohibited by the Long-Term Care Insurance Act for business\n\nexpenses, including the payment of principal, interest or costs of\n\nborrowing related to debt incurred for purposes of capital asset\n\nacquisition or the improvement or expansion of the facility.","path":["OK Code","Title 63"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os63.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"d5d39164feaa7df1bc502a1f5780c37ced7a3512e49d8cbb2a2df1d5fe9e8ee3","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-63-63-1-1973","next":"us-ok/okla.-stat.-tit.-63-63-1-1990.1"},"notice":"GroundRules: Original legal text. Not legal advice."}