Okla. Stat. tit. 19, § 19-901.40
This is the official text of Okla. Stat. tit. 19, § 19-901.40, 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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Cash surpluses
Official statutory text
If and when an actual cash surplus accrues in any fund for any
prior fiscal year, such surplus shall forthwith be transferred to
the same fund for the fiscal year next succeeding the year for which
the assessments were originally imposed, and shall be used to pay
any warrants and interest thereon which may be outstanding and
unpaid for such year. After all warrants and interest on such
warrants for such year have been paid or reserved for the surplus,
if any, shall forthwith be transferred to the next succeeding year
for the same purpose. This procedure shall be followed for each
succeeding fiscal year or reserved for, and then any cash surplus
remaining shall accrue and be transferred to the current fiscal
year, to be used to pay any legal warrant and interest charges of
such year. The term "actual cash surplus" as used herein, is hereby
defined to mean an excess of actual cash actually on hand over and
above all legal obligations. Assessments in process of collection
shall not be considered in determining the actual cash surplus for
any fund for any fiscal year or years.
prior fiscal year, such surplus shall forthwith be transferred to
the same fund for the fiscal year next succeeding the year for which
the assessments were originally imposed, and shall be used to pay
any warrants and interest thereon which may be outstanding and
unpaid for such year. After all warrants and interest on such
warrants for such year have been paid or reserved for the surplus,
if any, shall forthwith be transferred to the next succeeding year
for the same purpose. This procedure shall be followed for each
succeeding fiscal year or reserved for, and then any cash surplus
remaining shall accrue and be transferred to the current fiscal
year, to be used to pay any legal warrant and interest charges of
such year. The term "actual cash surplus" as used herein, is hereby
defined to mean an excess of actual cash actually on hand over and
above all legal obligations. Assessments in process of collection
shall not be considered in determining the actual cash surplus for
any fund for any fiscal year or years.
Status: reserved · Read it on the official government site
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