{"data":{"id":"us-ok/okla.-stat.-tit.-70-70-4007","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 70, § 70-4007","heading":"Disposition of proceeds of operation of buildings","body":"Except as to revenues paid directly to a trustee under the\n\nprovisions of Section 1004(a) (5) hereof, all income and revenues\n\nderived from the operation of the building shall be deposited as\n\ncollected in a fund in the State Treasury to be applied solely to\n\nthe payment of the principal of and interest on the bonds and, to\n\nthe extent so provided in the resolution authorizing the bonds, to\n\nthe payment of the cost of maintaining and operating the building\n\nand the establishment of reserves for such purpose. As principal\n\nand interest becomes due from time to time the State Treasurer\n\nshall, not less than fifteen (15) days prior to the payment date,\n\ntransmit to the paying agent for the bonds, money from said fund in\n\nan amount sufficient to pay the principal or interest so falling\n\ndue. Said fund and the money therein is hereby irrevocably pledged\n\nto such purposes.","path":["OK Code","Title 70"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os70.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"3dc0f775aadbb49eeaa7d42d2710bbacb25faf8b3cb8452f4e3900abedbff8c2","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-70-70-4006","next":"us-ok/okla.-stat.-tit.-70-70-4008"},"notice":"GroundRules: Original legal text. Not legal advice."}