Okla. Stat. tit. 62, § 62-57.10
This is the official text of Okla. Stat. tit. 62, § 62-57.10, 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.
Delivery of bonds - Deposit and investment of proceeds
Official statutory text
The bonds and interest coupons attached thereto shall be
delivered to the purchaser thereof only upon payment of par and
accrued interest to the date of delivery thereof, together with any
premium bid, if any. The proceeds of the sale of said bonds shall
be deposited in the State Treasury of the State of Oklahoma, in a
fund which is hereby created and designated the "Building Bond
Fund", where they shall remain subject to disposition to be provided
for by the Legislature of Oklahoma, provided that the State
Treasurer of the State of Oklahoma shall invest said monies in
interest bearing direct obligations of the United States of America,
or of the State of Oklahoma, and provided further that, all such
investments of said monies must be so made that the same may be
liquidated in time to enable the State of Oklahoma to pay, in due
course, the valid indebtedness incurred for constructing, equipping,
remodeling and repairing buildings of the State of Oklahoma, when
Oklahoma Statutes - Title 62. Public Finance Page 201
said indebtedness has been incurred pursuant to legislative
authority.
delivered to the purchaser thereof only upon payment of par and
accrued interest to the date of delivery thereof, together with any
premium bid, if any. The proceeds of the sale of said bonds shall
be deposited in the State Treasury of the State of Oklahoma, in a
fund which is hereby created and designated the "Building Bond
Fund", where they shall remain subject to disposition to be provided
for by the Legislature of Oklahoma, provided that the State
Treasurer of the State of Oklahoma shall invest said monies in
interest bearing direct obligations of the United States of America,
or of the State of Oklahoma, and provided further that, all such
investments of said monies must be so made that the same may be
liquidated in time to enable the State of Oklahoma to pay, in due
course, the valid indebtedness incurred for constructing, equipping,
remodeling and repairing buildings of the State of Oklahoma, when
Oklahoma Statutes - Title 62. Public Finance Page 201
said indebtedness has been incurred pursuant to legislative
authority.
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.