Okla. Stat. tit. 52, § 52-288.11
This is the official text of Okla. Stat. tit. 52, § 52-288.11, part of Oklahoma’s Stat. tit. 52, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 52,." Browse the sections below, each linked to its official government source.
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Investment of funds - Utilizing funds to influence
Official statutory text
governmental action or policy.
A. The Board may invest, pending disbursement, funds collected
through assessments only in obligations of the United States or any
agency thereof, in general obligations of any state, in any
interest-bearing account or certificate of deposit of a bank that is
a member of the Federal Reserve System, or in obligations fully
guaranteed as to principal and interest by the United States.
B. The Board shall be prohibited from utilizing any funds
collected through the assessment procedure outlined in Section 8 of
this act, for the purpose of influencing governmental action or
policy, with the exception of recommending amendments to this act,
and for the purpose of obtaining state or federal funding for the
Oklahoma Statutes - Title 52. Oil and Gas Page 154
activities of the Sustaining Oklahoma’s Energy Resources Advisory
Committee.
A. The Board may invest, pending disbursement, funds collected
through assessments only in obligations of the United States or any
agency thereof, in general obligations of any state, in any
interest-bearing account or certificate of deposit of a bank that is
a member of the Federal Reserve System, or in obligations fully
guaranteed as to principal and interest by the United States.
B. The Board shall be prohibited from utilizing any funds
collected through the assessment procedure outlined in Section 8 of
this act, for the purpose of influencing governmental action or
policy, with the exception of recommending amendments to this act,
and for the purpose of obtaining state or federal funding for the
Oklahoma Statutes - Title 52. Oil and Gas Page 154
activities of the Sustaining Oklahoma’s Energy Resources Advisory
Committee.
Status: in_force · Read it on the official government site
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