Okla. Stat. tit. 69, § 69-1237
This is the official text of Okla. Stat. tit. 69, § 69-1237, part of Oklahoma’s Stat. tit. 69, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 69,." Browse the sections below, each linked to its official government source.
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Deposit and investment of monies
Official statutory text
Oklahoma Statutes - Title 69. Roads, Bridges, and Ferries Page 125
Any monies credited to, or appropriated to, the Highway Advance
Right-of-Way Acquisition and Management Fund, shall be deposited in
such fund in the State Treasury. Any monies in such fund shall be
invested by the State Treasurer upon direction of the State Highway
Director in direct obligations of the United States of America or in
certificates of deposits from banks in the State of Oklahoma
acceptable as depositories by the State Treasurer, when such
certificates of deposits are secured by acceptable collateral and
yield as much, or more, than direct obligations of the United States
of America. Any such investment shall mature in time to enable the
State of Oklahoma to issue warrants against the fund for payment of
indebtedness incurred for the purpose for which the Highway Advance
Right-of-Way Acquisition and Management Fund is created. Any
interest earned on such investments shall likewise be deposited in
said fund.
Any monies credited to, or appropriated to, the Highway Advance
Right-of-Way Acquisition and Management Fund, shall be deposited in
such fund in the State Treasury. Any monies in such fund shall be
invested by the State Treasurer upon direction of the State Highway
Director in direct obligations of the United States of America or in
certificates of deposits from banks in the State of Oklahoma
acceptable as depositories by the State Treasurer, when such
certificates of deposits are secured by acceptable collateral and
yield as much, or more, than direct obligations of the United States
of America. Any such investment shall mature in time to enable the
State of Oklahoma to issue warrants against the fund for payment of
indebtedness incurred for the purpose for which the Highway Advance
Right-of-Way Acquisition and Management Fund is created. Any
interest earned on such investments shall likewise be deposited in
said fund.
Status: in_force · Read it on the official government site
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