{"data":{"id":"us-ok/okla.-stat.-tit.-69-69-1727","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 69, § 69-1727","heading":"Apportionment of motor fuel taxes on fuels consumed on","body":"turnpikes - Limitations.\n\n(a) Until all bonds of the Authority and the interest thereon\n\nare paid in full, the Oklahoma Tax Commission shall each month\n\ndetermine an amount equal to the motor fuel excise taxes computed on\n\nninety-seven and one-half percent (97 1/2%) of the total gallonage\n\nof all fuels consumed, during the calendar month in which the tax\n\nbeing apportioned accrued, on all Oklahoma turnpike projects and\n\napportion a sum equal to such amount from all gasoline tax\n\ncollections as follows: Ninety-seven percent (97%) of such amount\n\nto the Authority and three percent (3%) to the General Revenue Fund\n\nof the State Treasury, after which apportionment all other\n\napportionments of motor fuel excise taxes shall be made as provided\n\nfor by law. Such apportionments shall be deducted exclusively from\n\nthose funds which would otherwise be apportioned to the Department\n\nor Commission for expenditure on state highways, without affecting\n\nthe amounts presently apportioned to the various municipalities,\n\ncounties, or for county roads.\n\n(b) If at the time of any monthly apportionment required herein:\n\n(1) there shall be a balance in the trust fund created by\n\nSection 1730 of this Code, equal to one and one-half (1 1/2) times\n\nthe maximum amount of principal, including any sinking fund or\n\namortization requirements, and interest payable in any fiscal year,\n\nbeginning July 1, and ending on June 30, thereafter, on account of\n\nall turnpike revenue and turnpike revenue refunding bonds of the\n\nAuthority issued pursuant to the provisions of this article prior to\n\nMay 1, 1992, and then outstanding, or\n\n(2) if no such bonds are outstanding,\n\nthe Oklahoma Tax Commission shall apportion to the trust fund the\n\namount referred to in subsection (a) of this section so long as any\n\nturnpike revenue and turnpike revenue refunding bonds issued after\n\nMay 1, 1992, continue to be outstanding. Thereafter, the Oklahoma\n\nTax Commission shall apportion the amount referred to in subsection\n\n(a) of this section as provided for by law.\n\n(c) In addition to those sums collected and disbursed in\n\nsubsections (a) and (b) of this section, the Oklahoma Tax Commission\n\nshall in each fiscal year determine an amount equal to the motor\n\nfuel excise taxes computed on ninety-seven and one-half percent (97\n\n1/2%) of the total gallonage of all fuels consumed, during the\n\nfiscal year in which the tax being apportioned accrued on the\n\nIndustrial Parkway, and, after making the apportionments set out in\n\nsubsections (a) and (b) of this section, apportion a sum equal to\n\nsaid amount from all gasoline tax collections as follows: Ninety-\n\nseven percent (97%) to the Oklahoma Turnpike Authority, and three\n\npercent (3%) to the General Revenue Fund of the State Treasury,\n\nafter which apportionment all other apportionments of motor fuel\n\nexcise taxes shall be made according to existing or subsequently\n\nenacted apportionment laws, provided that in no event shall the\n\ntotal of the apportionments made pursuant to subsections (a), (b)\n\nand (c) of this section exceed the motor fuel tax earned on all of\n\nthe Oklahoma turnpikes.","path":["OK Code","Title 69"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os69.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"9610f174bb667ab01d64a11d2c685c35bb8782fbd2d954c0be865c7e272b9a03","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-69-69-1726","next":"us-ok/okla.-stat.-tit.-69-69-1728"},"notice":"GroundRules: Original legal text. Not legal advice."}