Okla. Stat. tit. 27A, § 27A-2-10-503
This is the official text of Okla. Stat. tit. 27A, § 27A-2-10-503, part of Oklahoma’s Stat. tit. 27A, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 27A,." Browse the sections below, each linked to its official government source.
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Fund pooling agreements or multiple beneficiary
Official statutory text
public trusts - Financial assistance programs.
A. Municipalities, counties and regional solid waste management
districts may directly, or through a public trust of which they are
a beneficiary, enter into agreements or multiple beneficiary public
trusts to combine or pool funds by contract with other
municipalities, counties, regional solid waste management districts,
and public trusts for management and investment when deemed
necessary to provide escrow or security funds to ensure operation,
maintenance, or closure of solid waste management systems and
disposal sites under applicable federal, state or local law.
B. One or more municipalities may establish or participate in a
program that provides for each participating municipality or any
participating county or regional solid waste management district to
Oklahoma Statutes - Title 27A. Environment and Natural Resources Page 245
furnish financial assurance as required by the Resource Conservation
and Recovery Act, 42 U.S.C., Section 6901 et seq., or any other
federal, state or local law. The program may establish any
combination of financing mechanisms necessary to ensure that funds
will be available in a timely fashion when needed to meet a
participating entity's obligation thereunder. The program may
provide for participating entities to use any means available to
them to meet financial obligations pursuant to laws of the state.
The program may ensure enforcement of the payment of any financial
assurance obligation by a participating entity.
A. Municipalities, counties and regional solid waste management
districts may directly, or through a public trust of which they are
a beneficiary, enter into agreements or multiple beneficiary public
trusts to combine or pool funds by contract with other
municipalities, counties, regional solid waste management districts,
and public trusts for management and investment when deemed
necessary to provide escrow or security funds to ensure operation,
maintenance, or closure of solid waste management systems and
disposal sites under applicable federal, state or local law.
B. One or more municipalities may establish or participate in a
program that provides for each participating municipality or any
participating county or regional solid waste management district to
Oklahoma Statutes - Title 27A. Environment and Natural Resources Page 245
furnish financial assurance as required by the Resource Conservation
and Recovery Act, 42 U.S.C., Section 6901 et seq., or any other
federal, state or local law. The program may establish any
combination of financing mechanisms necessary to ensure that funds
will be available in a timely fashion when needed to meet a
participating entity's obligation thereunder. The program may
provide for participating entities to use any means available to
them to meet financial obligations pursuant to laws of the state.
The program may ensure enforcement of the payment of any financial
assurance obligation by a participating entity.
Status: in_force · Read it on the official government site
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