Okla. Stat. tit. 11, § 11-17-109
This is the official text of Okla. Stat. tit. 11, § 11-17-109, part of Oklahoma’s Stat. tit. 11, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 11,." Browse the sections below, each linked to its official government source.
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Capital improvement fund - Authority to create
Official statutory text
Oklahoma Statutes - Title 11. Cities and Towns Page 114
The municipal governing body may create a capital improvement
fund and place in the fund any money available to the municipality.
Money in the fund may be accumulated from year to year. The fund
shall be nonfiscal and shall not be considered in computing any levy
when the municipality makes its estimate to the excise board for
needed appropriations. Money in the capital improvement fund may be
expended for any capital improvement.
The municipal governing body may create a capital improvement
fund and place in the fund any money available to the municipality.
Money in the fund may be accumulated from year to year. The fund
shall be nonfiscal and shall not be considered in computing any levy
when the municipality makes its estimate to the excise board for
needed appropriations. Money in the capital improvement fund may be
expended for any capital improvement.
Status: in_force · Read it on the official government site
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