Okla. Stat. tit. 69, § 69-1727
This is the official text of Okla. Stat. tit. 69, § 69-1727, 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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Apportionment of motor fuel taxes on fuels consumed on
Official statutory text
turnpikes - Limitations.
(a) Until all bonds of the Authority and the interest thereon
are paid in full, the Oklahoma Tax Commission shall each month
determine an amount equal to the motor fuel excise taxes computed on
ninety-seven and one-half percent (97 1/2%) of the total gallonage
of all fuels consumed, during the calendar month in which the tax
being apportioned accrued, on all Oklahoma turnpike projects and
apportion a sum equal to such amount from all gasoline tax
collections as follows: Ninety-seven percent (97%) of such amount
to the Authority and three percent (3%) to the General Revenue Fund
of the State Treasury, after which apportionment all other
apportionments of motor fuel excise taxes shall be made as provided
for by law. Such apportionments shall be deducted exclusively from
those funds which would otherwise be apportioned to the Department
or Commission for expenditure on state highways, without affecting
the amounts presently apportioned to the various municipalities,
counties, or for county roads.
(b) If at the time of any monthly apportionment required herein:
(1) there shall be a balance in the trust fund created by
Section 1730 of this Code, equal to one and one-half (1 1/2) times
the maximum amount of principal, including any sinking fund or
amortization requirements, and interest payable in any fiscal year,
beginning July 1, and ending on June 30, thereafter, on account of
all turnpike revenue and turnpike revenue refunding bonds of the
Authority issued pursuant to the provisions of this article prior to
May 1, 1992, and then outstanding, or
(2) if no such bonds are outstanding,
the Oklahoma Tax Commission shall apportion to the trust fund the
amount referred to in subsection (a) of this section so long as any
Oklahoma Statutes - Title 69. Roads, Bridges, and Ferries Page 338
turnpike revenue and turnpike revenue refunding bonds issued after
May 1, 1992, continue to be outstanding. Thereafter, the Oklahoma
Tax Commission shall apportion the amount referred to in subsection
(a) of this section as provided for by law.
(c) In addition to those sums collected and disbursed in
subsections (a) and (b) of this section, the Oklahoma Tax Commission
shall in each fiscal year determine an amount equal to the motor
fuel excise taxes computed on ninety-seven and one-half percent (97
1/2%) of the total gallonage of all fuels consumed, during the
fiscal year in which the tax being apportioned accrued on the
Industrial Parkway, and, after making the apportionments set out in
subsections (a) and (b) of this section, apportion a sum equal to
said amount from all gasoline tax collections as follows: Ninety-
seven percent (97%) to the Oklahoma Turnpike Authority, and three
percent (3%) to the General Revenue Fund of the State Treasury,
after which apportionment all other apportionments of motor fuel
excise taxes shall be made according to existing or subsequently
enacted apportionment laws, provided that in no event shall the
total of the apportionments made pursuant to subsections (a), (b)
and (c) of this section exceed the motor fuel tax earned on all of
the Oklahoma turnpikes.
(a) Until all bonds of the Authority and the interest thereon
are paid in full, the Oklahoma Tax Commission shall each month
determine an amount equal to the motor fuel excise taxes computed on
ninety-seven and one-half percent (97 1/2%) of the total gallonage
of all fuels consumed, during the calendar month in which the tax
being apportioned accrued, on all Oklahoma turnpike projects and
apportion a sum equal to such amount from all gasoline tax
collections as follows: Ninety-seven percent (97%) of such amount
to the Authority and three percent (3%) to the General Revenue Fund
of the State Treasury, after which apportionment all other
apportionments of motor fuel excise taxes shall be made as provided
for by law. Such apportionments shall be deducted exclusively from
those funds which would otherwise be apportioned to the Department
or Commission for expenditure on state highways, without affecting
the amounts presently apportioned to the various municipalities,
counties, or for county roads.
(b) If at the time of any monthly apportionment required herein:
(1) there shall be a balance in the trust fund created by
Section 1730 of this Code, equal to one and one-half (1 1/2) times
the maximum amount of principal, including any sinking fund or
amortization requirements, and interest payable in any fiscal year,
beginning July 1, and ending on June 30, thereafter, on account of
all turnpike revenue and turnpike revenue refunding bonds of the
Authority issued pursuant to the provisions of this article prior to
May 1, 1992, and then outstanding, or
(2) if no such bonds are outstanding,
the Oklahoma Tax Commission shall apportion to the trust fund the
amount referred to in subsection (a) of this section so long as any
Oklahoma Statutes - Title 69. Roads, Bridges, and Ferries Page 338
turnpike revenue and turnpike revenue refunding bonds issued after
May 1, 1992, continue to be outstanding. Thereafter, the Oklahoma
Tax Commission shall apportion the amount referred to in subsection
(a) of this section as provided for by law.
(c) In addition to those sums collected and disbursed in
subsections (a) and (b) of this section, the Oklahoma Tax Commission
shall in each fiscal year determine an amount equal to the motor
fuel excise taxes computed on ninety-seven and one-half percent (97
1/2%) of the total gallonage of all fuels consumed, during the
fiscal year in which the tax being apportioned accrued on the
Industrial Parkway, and, after making the apportionments set out in
subsections (a) and (b) of this section, apportion a sum equal to
said amount from all gasoline tax collections as follows: Ninety-
seven percent (97%) to the Oklahoma Turnpike Authority, and three
percent (3%) to the General Revenue Fund of the State Treasury,
after which apportionment all other apportionments of motor fuel
excise taxes shall be made according to existing or subsequently
enacted apportionment laws, provided that in no event shall the
total of the apportionments made pursuant to subsections (a), (b)
and (c) of this section exceed the motor fuel tax earned on all of
the Oklahoma turnpikes.
Status: in_force · Read it on the official government site
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