Okla. Stat. tit. 70, § 70-1-118.1
This is the official text of Okla. Stat. tit. 70, § 70-1-118.1, part of Oklahoma’s Stat. tit. 70, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 70,." Browse the sections below, each linked to its official government source.
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Building fund – Technology center school districts
Official statutory text
The building fund of any technology center school district shall
consist of all monies derived from the proceeds of a building fund
levy not to exceed five (5) mills in any year, voted by the people
of a school district pursuant to the provisions of Section 10 of
Article X of the Oklahoma Constitution, monies appropriated by the
state for the purpose of capital expenditures or projects, and
monies donated to a school district for the purpose of capital
projects or improvements and may be used for purchasing, providing,
erecting, remodeling, repairing or maintaining any of the following:
school buildings, furniture, computer systems and equipment,
software for instructional and noninstructional purposes, energy and
utility costs, telecommunications utilities and services, fire and
casualty insurance premiums for school facilities, security, student
transportation, grounds maintenance including parking lots and
sidewalks, instructional and maintenance equipment, or for one or
more, or all, of these purposes. Proceeds of the levies shall not
be required to be used during the year for which a levy is made but
may accumulate from year to year until adequate for the purposes
intended. The building fund defined in this section is hereby
declared to be a current expense fund, but shall not be considered a
part of the general operating fund. No monies derived from the
proceeds of the school levies made pursuant to the provisions of
Section 9B of Article X of the Oklahoma Constitution may be placed
in the building fund provided by this section.
consist of all monies derived from the proceeds of a building fund
levy not to exceed five (5) mills in any year, voted by the people
of a school district pursuant to the provisions of Section 10 of
Article X of the Oklahoma Constitution, monies appropriated by the
state for the purpose of capital expenditures or projects, and
monies donated to a school district for the purpose of capital
projects or improvements and may be used for purchasing, providing,
erecting, remodeling, repairing or maintaining any of the following:
school buildings, furniture, computer systems and equipment,
software for instructional and noninstructional purposes, energy and
utility costs, telecommunications utilities and services, fire and
casualty insurance premiums for school facilities, security, student
transportation, grounds maintenance including parking lots and
sidewalks, instructional and maintenance equipment, or for one or
more, or all, of these purposes. Proceeds of the levies shall not
be required to be used during the year for which a levy is made but
may accumulate from year to year until adequate for the purposes
intended. The building fund defined in this section is hereby
declared to be a current expense fund, but shall not be considered a
part of the general operating fund. No monies derived from the
proceeds of the school levies made pursuant to the provisions of
Section 9B of Article X of the Oklahoma Constitution may be placed
in the building fund provided by this section.
Status: in_force · Read it on the official government site
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