{"data":{"id":"us-ok/okla.-stat.-tit.-82-82-630","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 82, § 82-630","heading":"Funds, how carried - Vouchers","body":"A. The monies of every conservancy district organized pursuant\n\nto this act shall be administered through the following funds:\n\n1. A preliminary fund, by which is meant the funds borrowed in\n\naccordance with Section 632 of this title, which shall be used for\n\nthe payment of expenses incurred for the purposes for which the\n\nfunds may be borrowed;\n\n2. An improvement fund, by which is meant the proceeds of\n\nlevies made against the special assessments of benefits equalized\n\nand confirmed under the provisions of this act which have not been\n\npledged for the retirement of bonds, notes, warrants or agreements\n\nor the payment of interest thereon and the proceeds of all bonds,\n\nnotes or warrants issued, which shall be used for defraying\n\nexpenditures incurred in the execution of the official plan and the\n\nrelocation of utilities, acquisition or construction of properties,\n\nworks, and improvements of the district including the cost of\n\npreparing the official plan and the appraisal, except as paid out of\n\nthe preliminary funds, the entire cost of construction and\n\nsuperintendence, with all charges incidental thereto, and the cost\n\nof administration during the period of construction and may also be\n\nused for defraying preliminary expenses in accordance with Section\n\n632 of this title;\n\n3. A bond fund, by which is meant the proceeds of levies made\n\nagainst the special assessment of benefits equalized and confirmed\n\nunder the provisions of this act which has been anticipated in the\n\nissuance of bonds, notes or warrants together with all other\n\nreceipts pledged for the retirement of bonds, notes or warrants or\n\nthe payment of interest thereon, which shall be used only for such\n\npurposes; and\n\n4. A maintenance fund, which is a special assessment to be\n\nlevied annually for the purpose of upkeep, administration and\n\ncurrent expenses as hereinafter provided.\n\nB. Any surplus monies in any fund of a conservancy district may\n\nbe transferred to any other fund by the board, but no transfer shall\n\nbe made from the bond fund prior to the final maturity of the bonds,\n\nnotes or warrants payable therefrom, and no transfer shall\n\nthereafter be made which would reduce the balance in the fund below\n\nthe amount required for the payment of all obligations outstanding\n\nagainst the fund.\n\nC. No vouchers shall be drawn against the maintenance fund of a\n\nconservancy district until assessments have been levied as provided\n\nby this act. No bonds shall be issued against the bond fund until\n\nan assessment-levying resolution shall have been properly passed by\n\nthe board of directors and duly entered upon its records, and not\n\nuntil the property owners shall have been given an opportunity for a\n\nperiod of not less than thirty (30) days to pay the assessments so\n\nlevied against their respective properties.","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":"fcdcb76120851eba240a72852d588cc632dea0a010c8381b1e56c527eaad3627","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-82-82-616","next":"us-ok/okla.-stat.-tit.-82-82-631"},"notice":"GroundRules: Original legal text. Not legal advice."}