Okla. Stat. tit. 68, § 68-302-1

revenues.

A. In addition to the tax levied in Section 302 of this title,

there is hereby levied upon the sale, use, gift, possession or

consumption of cigarettes, as defined in Sections 301 through 325 of

this title, within the State of Oklahoma a tax at the rate of two

and one-half (2 1/2) mills per cigarette. Such tax shall be

evidenced by tax stamps as now provided for by law for other

cigarette taxes, except that as to cigarette packages of less than

Oklahoma Statutes - Title 68. Revenue and Taxation Page 148

ten cigarettes for free distribution as samples, the tax levied in

this section shall be computed and paid as provided for other

cigarette taxes without affixing stamps on each such package.

B. No part of the revenues resulting from the additional tax

levied in this section shall be used in determining the amount of

cigarette tax collections to be paid into the State of Oklahoma

Building Bonds of 1961 Sinking Fund pursuant to the provisions of

Sections 57.31 through 57.43 of Title 62 of the Oklahoma Statutes,

into the State of Oklahoma Building Bonds of 1965 Sinking Fund

pursuant to the provisions of Sections 57.51 through 57.60 of Title

62 of the Oklahoma Statutes, or into the State of Oklahoma

Institutional Building Bonds of 1965 Sinking Fund pursuant to the

provisions of Sections 57.61 through 57.73 of Title 62 of the

Oklahoma Statutes.

C. The revenues resulting from the additional tax levied in

this section through June 30, 1968, shall be apportioned by the

Oklahoma Tax Commission and transmitted to the State Treasurer, who

shall deposit the same in the State Treasury in a fund to be known

as the "State of Oklahoma Building Bonds of 1968 Reserve Fund",

which fund is hereby created. The Legislature shall appropriate

monies from such fund or so much thereof as may be deemed necessary;

first, for the payment of interest and principal upon any bonds

issued for capital improvements pursuant to the provisions of

Section 38 of Article X of the Oklahoma Constitution; second, for

other capital improvements at state institutions; third, for

operating expenses of such capital improvements; and fourth, for any

other purposes of state government. From and after July 1, 1968,

all revenues resulting from the additional tax levied in this

section, except revenues dedicated to the retirement of the State of

Oklahoma Building Bonds of 1968, Series A, B, C, D and E, or any

refunding of any or all of such series, and except revenues required

to be deposited in the University Hospitals Authority Disbursing

Fund, shall be apportioned by the Oklahoma Tax Commission and

transmitted to the State Treasurer, who shall deposit the same in

the General Revenue Fund.

D. The cigarette tax levied in this section shall be collected

and administered in all respects not inconsistent with as now or

hereafter provided for by law for other cigarette taxes now levied,

collected and administered pursuant to the provisions of Sections

301 through 325 of this title.