Okla. Stat. tit. 11, § 11-35-102.1
This is the official text of Okla. Stat. tit. 11, § 11-35-102.1, 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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Disposition of proceeds from investment of meter
Official statutory text
deposit funds.
The proceeds from any investments of meter deposit funds and any
other earnings therefrom shall be considered to be profit derived
from the investment and shall be placed in the fund from which the
operation and maintenance expenses of the utility, for which the
meter deposits invested were collected, are paid. The investment of
such funds by the municipality shall in no manner impair its
obligation to any person, firm or corporation, to refund in full any
or all deposits theretofore or thereafter made.
The proceeds from any investments of meter deposit funds and any
other earnings therefrom shall be considered to be profit derived
from the investment and shall be placed in the fund from which the
operation and maintenance expenses of the utility, for which the
meter deposits invested were collected, are paid. The investment of
such funds by the municipality shall in no manner impair its
obligation to any person, firm or corporation, to refund in full any
or all deposits theretofore or thereafter made.
Status: in_force · Read it on the official government site
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