Okla. Stat. tit. 62, § 62-333
This is the official text of Okla. Stat. tit. 62, § 62-333, part of Oklahoma’s Stat. tit. 62, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 62,." Browse the sections below, each linked to its official government source.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
Building funds - Surplus used to reduce tax for sinking
Official statutory text
fund.
When the governing board of any county, city, town or school
district shall determine by proper resolution in writing that a
surplus exists in any building fund created under the provisions of
Oklahoma Statutes - Title 62. Public Finance Page 387
Section Ten (10), Article Ten (10), Oklahoma Constitution, not
required for the completion of the purpose for which said taxes were
levied and collected, or where said proposed construction has been
abandoned, said surplus shall be refunded to the taxpayers by the
use thereof by the county excise board to reduce the tax levy for
the sinking fund of the municipality for which the building fund was
created. Provided, that any portion of said building fund surplus
not required to eliminate a sinking fund tax levy for said
municipality shall be refunded to the taxpayers by the use thereof
to reduce the tax levy for the benefit of the general fund for the
same municipality.
When the governing board of any county, city, town or school
district shall determine by proper resolution in writing that a
surplus exists in any building fund created under the provisions of
Oklahoma Statutes - Title 62. Public Finance Page 387
Section Ten (10), Article Ten (10), Oklahoma Constitution, not
required for the completion of the purpose for which said taxes were
levied and collected, or where said proposed construction has been
abandoned, said surplus shall be refunded to the taxpayers by the
use thereof by the county excise board to reduce the tax levy for
the sinking fund of the municipality for which the building fund was
created. Provided, that any portion of said building fund surplus
not required to eliminate a sinking fund tax levy for said
municipality shall be refunded to the taxpayers by the use thereof
to reduce the tax levy for the benefit of the general fund for the
same municipality.
Status: in_force · Read it on the official government site
Need a lawyer in Oklahoma?
Find a Oklahoma lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.