Okla. Stat. tit. 62, § 62-864
This is the official text of Okla. Stat. tit. 62, § 62-864, 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.
Adjustment in school State Aid
Official statutory text
In those cases where the net assessed valuation of the real
property within a school district increases as a result of the
provisions of Sections 860 and 861 of this title, the school
district's State Aid shall be determined by subtracting such
increase in the net assessed valuation from the assessed valuation
of the school district and the state. Such increase shall be
subtracted for each fiscal year during which the incentives or
exemptions are granted in the case of property within an incentive
district or such increase shall be subtracted for each fiscal year
the increment is captured in the case of property within an
increment district. The increase in net assessed valuation
subtracted, in the case of property within an increment district,
shall be the amount that represents that portion of the increment
which is captured and which is actually used for the purposes of
this act.
property within a school district increases as a result of the
provisions of Sections 860 and 861 of this title, the school
district's State Aid shall be determined by subtracting such
increase in the net assessed valuation from the assessed valuation
of the school district and the state. Such increase shall be
subtracted for each fiscal year during which the incentives or
exemptions are granted in the case of property within an incentive
district or such increase shall be subtracted for each fiscal year
the increment is captured in the case of property within an
increment district. The increase in net assessed valuation
subtracted, in the case of property within an increment district,
shall be the amount that represents that portion of the increment
which is captured and which is actually used for the purposes of
this act.
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.