Okla. Stat. tit. 19, § 19-1258
This is the official text of Okla. Stat. tit. 19, § 19-1258, part of Oklahoma’s Stat. tit. 19, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 19,." Browse the sections below, each linked to its official government source.
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Proceeds from sale of bonds – Disbursement – Payment of
Official statutory text
contractor.
The proceeds from the sale of the bonds pursuant to the
provisions of Section 1257 of this title shall be deposited in
separate accounts established for each improvement and disbursed
only for the cost associated with the respective improvement.
Payment to the contractor shall be in parcels on the completion of
the work or improvement or any part thereof, not less than one
block, to an amount equal to the improvement so completed and
accepted. Any funds not disbursed shall be utilized by the county
commissioners to recall outstanding bonds. Payment to the
contractor in money shall be paid no more than sixty (60) days after
the due date for payment of assessments, including special
Oklahoma Statutes - Title 19. Counties and County Officers Page 538
assessments and each installment of such assessments and the
interest on such assessments.
The proceeds from the sale of the bonds pursuant to the
provisions of Section 1257 of this title shall be deposited in
separate accounts established for each improvement and disbursed
only for the cost associated with the respective improvement.
Payment to the contractor shall be in parcels on the completion of
the work or improvement or any part thereof, not less than one
block, to an amount equal to the improvement so completed and
accepted. Any funds not disbursed shall be utilized by the county
commissioners to recall outstanding bonds. Payment to the
contractor in money shall be paid no more than sixty (60) days after
the due date for payment of assessments, including special
Oklahoma Statutes - Title 19. Counties and County Officers Page 538
assessments and each installment of such assessments and the
interest on such assessments.
Status: in_force · Read it on the official government site
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