Okla. Stat. tit. 68, § 68-1806
This is the official text of Okla. Stat. tit. 68, § 68-1806, part of Oklahoma’s Stat. tit. 68, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 68,." Browse the sections below, each linked to its official government source.
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Proceeds of tax, how applied
Official statutory text
All monies, funds and revenues arising, collected, received, by
the Oklahoma Tax Commission pursuant to the provisions of this act
shall be applied as follows:
(a) Five percent (5%) of all monies collected under the
provisions of this act shall be paid to the State Treasurer and
placed to the credit of the General Revenue Fund of the State
Treasury.
(b) (1) Except as provided in paragraph (2) of this
subsection, the remaining ninety-five percent (95%) of
all monies collected under this act shall be
apportioned and paid each month by the Oklahoma Tax
Commission to the school treasurers or school
districts of the respective counties in which the
remitting cooperative owns and operates property, as
defined in Section 1804 of this title, according to
the proportion which the number of miles of electrical
distribution lines of such cooperative in such school
district bears to the total number of miles of such
lines owned and operated by such cooperative within
the state.
(2) Beginning July 1, 1991, if the amendment to Section
12a of Article X of the Constitution of the State of
Oklahoma contained in Enrolled House Joint Resolution
No. 1005 of the 1st Extraordinary Session of the 42nd
Oklahoma Legislature is approved by the people, the
remaining ninety-five percent (95%) of all monies
collected under this act shall be remitted to the
State Treasurer to be deposited in the Common School
Fund.
the Oklahoma Tax Commission pursuant to the provisions of this act
shall be applied as follows:
(a) Five percent (5%) of all monies collected under the
provisions of this act shall be paid to the State Treasurer and
placed to the credit of the General Revenue Fund of the State
Treasury.
(b) (1) Except as provided in paragraph (2) of this
subsection, the remaining ninety-five percent (95%) of
all monies collected under this act shall be
apportioned and paid each month by the Oklahoma Tax
Commission to the school treasurers or school
districts of the respective counties in which the
remitting cooperative owns and operates property, as
defined in Section 1804 of this title, according to
the proportion which the number of miles of electrical
distribution lines of such cooperative in such school
district bears to the total number of miles of such
lines owned and operated by such cooperative within
the state.
(2) Beginning July 1, 1991, if the amendment to Section
12a of Article X of the Constitution of the State of
Oklahoma contained in Enrolled House Joint Resolution
No. 1005 of the 1st Extraordinary Session of the 42nd
Oklahoma Legislature is approved by the people, the
remaining ninety-five percent (95%) of all monies
collected under this act shall be remitted to the
State Treasurer to be deposited in the Common School
Fund.
Status: in_force · Read it on the official government site
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