Okla. Stat. tit. 62, § 62-57.306
This is the official text of Okla. Stat. tit. 62, § 62-57.306, 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.
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Oklahoma Building Bonds of 1992 Fund - Investment of
Official statutory text
funds.
A. There is hereby created in the State Treasury of the State
of Oklahoma the "Oklahoma Building Bonds of 1992 Fund". The proceeds
of the sale of bonds pursuant to this act shall be deposited in said
fund, where they shall remain subject to disposition to be provided
for by the Legislature of this state, provided that the State
Treasurer, when so directed by the Commission, shall invest the
amounts designated by the Commission for the period of time
specified by the Commission; provided that all such investments of
said monies must be made so that the same shall mature in time to
enable the State of Oklahoma to issue warrants for payment of the
valid obligations incurred for the purpose for which the bonds were
issued.
B. It shall be the duty of the Director of the Office of
Management and Enterprise Services to promptly certify to the State
Treasurer the amount of all sums not needed for payment of
construction and other legal expenditures payable from the fund to
meet the payment schedule, and upon receipt of such certification
the State Treasurer shall forthwith invest such funds.
C. All interest received by the State Treasurer for such
investments shall be utilized pursuant to appropriations by the
Legislature.
A. There is hereby created in the State Treasury of the State
of Oklahoma the "Oklahoma Building Bonds of 1992 Fund". The proceeds
of the sale of bonds pursuant to this act shall be deposited in said
fund, where they shall remain subject to disposition to be provided
for by the Legislature of this state, provided that the State
Treasurer, when so directed by the Commission, shall invest the
amounts designated by the Commission for the period of time
specified by the Commission; provided that all such investments of
said monies must be made so that the same shall mature in time to
enable the State of Oklahoma to issue warrants for payment of the
valid obligations incurred for the purpose for which the bonds were
issued.
B. It shall be the duty of the Director of the Office of
Management and Enterprise Services to promptly certify to the State
Treasurer the amount of all sums not needed for payment of
construction and other legal expenditures payable from the fund to
meet the payment schedule, and upon receipt of such certification
the State Treasurer shall forthwith invest such funds.
C. All interest received by the State Treasurer for such
investments shall be utilized pursuant to appropriations by the
Legislature.
Status: in_force · Read it on the official government site
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