{"data":{"id":"us-ok/okla.-stat.-tit.-82-82-1085.84a","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 82, § 82-1085.84A","heading":"Drinking Water Treatment Loan Administrative Fund","body":"A. In order to administer the Drinking Water Treatment\n\nRevolving Loan Account, there is hereby created in the State\n\nTreasury a \"Drinking Water Treatment Loan Administrative Fund\". The\n\nDrinking Water Treatment Loan Administrative Fund shall be set apart\n\nfrom all other Board accounts and funds and shall be a permanent and\n\nperpetual fund not subject to fiscal year limitations. The Drinking\n\nWater Treatment Loan Administrative Fund shall consist of monies\n\ndeposited into the fund from the following sources:\n\n1. Application processing and loan administrative fees\n\ncollected by the Board on Drinking Water Treatment Revolving Loan\n\nAccount loans; and\n\n2. Any other funds, whether public or private, that have been\n\ndesignated by the source thereof for deposit in the Drinking Water\n\nTreatment Loan Administrative Fund.\n\nB. Monies in, or investment income derived from, the Drinking\n\nWater Treatment Loan Administrative Fund shall be restricted and\n\nused solely for the purpose of administering the Drinking Water\n\nTreatment Revolving Loan Account or as otherwise authorized by the\n\nfederal Safe Drinking Water Act or guidance or regulations\n\npromulgated thereunder. Monies in the Drinking Water Treatment Loan\n\nAdministrative Fund, or investment income derived therefrom, shall\n\nbe used by the Board and Department in carrying out their\n\nresponsibilities as provided in the written annual joint operating\n\nagreement identified in Section 1085.82 of Title 82 of the Oklahoma\n\nStatutes and shall be subject to annual designation by the State\n\nLegislature.\n\nC. The monies placed in the Drinking Water Treatment Loan\n\nAdministrative Fund may be invested by the State Treasurer in an\n\nadequately collateralized manner and as prescribed by Section 89.2\n\nof Title 62 of the Oklahoma Statutes or pursuant to investment\n\ncontracts or agreements with entities maintaining a rating in the\n\ntop two categories by a nationally recognized municipal bond rating\n\nagency, all in a manner consistent with the federal Safe Drinking\n\nWater Act or regulations promulgated thereunder. The Oklahoma Water\n\nResources Board may transfer to the Drinking Water Treatment Loan\n\nAdministrative Fund income derived from investment of the fund.\n\nMonies invested by the State Treasurer shall be available to meet\n\nadministrative funding needs.\n\nD. The Board is authorized to transfer monies from the Drinking\n\nWater Treatment Loan Administrative Fund into the Drinking Water\n\nTreatment Revolving Loan Account to be utilized for purposes\n\nconsistent with the federal Safe Drinking Water Act.\n\nE. The Board shall cause to be completed an annual audit of any\n\nexpenditures from the Drinking Water Treatment Loan Administrative\n\nFund.","path":["OK Code","Title 82"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os82.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"559bb6df86b3bf5684d9d0753754e3be9591ffa2dffabe97b10bd5340c77a7ab","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-82-82-1085.83","next":"us-ok/okla.-stat.-tit.-82-82-1085.9"},"notice":"GroundRules: Original legal text. Not legal advice."}