{"data":{"id":"us-ok/okla.-stat.-tit.-70-70-5-157","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 70, § 70-5-157","heading":"Expenditures in excess of appropriation - Deficits and","body":"surpluses - Violations of law.\n\nA. No expenditure may be authorized or made by any officer or\n\nemployee of a school district which exceeds the appropriation for\n\nany fund of the budget as adopted or amended. Any balance remaining\n\nin a fund at the end of the budget year shall be carried forward to\n\nthe credit of the fund for the next budget year pursuant to law.\n\nB. It shall be unlawful for any officer or employee of the\n\nschool district in any budget year:\n\n1. To create or authorize creation of a deficit in any fund; or\n\n2. To authorize, make or incur expenditures or encumbrances in\n\nexcess of one hundred percent (100%) of the appropriation for any\n\nfund of the budget as adopted or amended until revenues in an amount\n\nequal to at least one hundred percent (100%) of the appropriation\n\nfor the fund have been collected. Any fund balance which is\n\nincluded in the appropriation for the fund is considered revenue in\n\nthe budget year for which it is appropriated. Expenditures may then\n\nbe made and authorized so long as any expenditure does not exceed\n\nany fund balance.\n\nC. Any obligation that is contracted or authorized by any\n\nofficer or employee in violation of this act shall become the\n\nobligation of the officer or employee himself and shall not be valid\n\nor enforceable against the school district. Any officer or employee\n\nwho violates this act shall forfeit his office or position and shall\n\nbe subject to such civil and criminal punishments as are provided by\n\nlaw. Any obligation, authorization for expenditure or expenditure\n\nmade in violation of this act shall be illegal and void.","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":"6b99dbb631df18e370c74af09e3fc3c79f687fbd754f06a0a0c1244b4af10621","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-70-70-5-156","next":"us-ok/okla.-stat.-tit.-70-70-5-158"},"notice":"GroundRules: Original legal text. Not legal advice."}