{"data":{"id":"us-ok/okla.-stat.-tit.-68-68-3009","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 68, § 68-3009","heading":"Sinking fund - Building fund and General fund","body":"requirements - Special Budget Accounts - Departmentalization and\n\nitemization.\n\nThe county excise board shall comply with the following:\n\n(a) Provision and levy for the sinking funds of any municipality\n\nshall be made in strict conformity to the special statute therefor\n\n(62 O.S.1961, Section 431): but no surplus shall be disclosed or\n\ncomputed in any sinking fund account except it be in cash and\n\ninvestments actually on hand in excess of all accrual liabilities,\n\nwhether collections exceed anticipations or not.\n\n(b) Building fund appropriations and levies under Section X,\n\nArticle 10, Oklahoma Constitution, shall be computed by the same\n\nformula and subject to the same defenses as general funds, but need\n\nbe itemized only as to the amount needed for construction of new\n\nbuildings, remodeling or repairing buildings, and purchasing\n\nfurniture, and for a reserve for interest on warrant issues\n\naccording to statute.\n\n(c) The general fund shall comprehend and include all\n\nappropriations and expenditures financed from levy of ad valorem tax\n\nunder any of the provisions of Section 9, Article X, Oklahoma\n\nConstitution, and all revenues from sources other than ad valorem\n\ntaxation except the proceeds derived from the sale of bonds and\n\nthose revenues specifically required by law to be deposited into the\n\nsinking fund, the building or replacement funds, or in cash funds,\n\nor in any other fund or funds so specifically denominated by\n\nstatute. If a portion of the ad valorem levies under said Section 9,\n\nArticle 10, Oklahoma Constitution, and specific revenues from other\n\nsources, be required by law to be devoted to a special purpose,\n\nother than those specifically required to be accounted for in cash\n\nfunds, such special purpose shall be provided for by a special\n\nbudget account within the general fund, distinguished from the\n\ngovernmental budget account, and assigned such appropriation account\n\nor accounts as will accomplish such special purpose and include sums\n\nat least equivalent to the net estimate of revenues or levy thus\n\nspecially applied. As to counties, cities, and towns, except as\n\nhereinafter provided, the governmental budget account shall be\n\ndepartmentalized, and the appropriations made for the use of each\n\nseparate office, board, commission or department shall be stated in\n\nseparate items, and no appropriation shall be available for the use\n\nof more than one office, board, commission or department; and the\n\nappropriations so made for the use of each such separate office,\n\nboard, commission or department, or for any special function of\n\neither of them, of the several municipalities, including the general\n\nfund appropriations of municipalities not so departmentalized, shall\n\nnot be increased or diminished after such appropriations become\n\nfinal, except in the manner provided by law (Section 24101 of this\n\nCode), or by order of a court of competent jurisdiction.","path":["OK Code","Title 68"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os68.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"8bd8dc226579cc53fc2931d4fa6c7d4d989f20097a91963394eb6984a7207572","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-68-68-3008","next":"us-ok/okla.-stat.-tit.-68-68-301"},"notice":"GroundRules: Original legal text. Not legal advice."}