Okla. Stat. tit. 70, § 70-2206
This is the official text of Okla. Stat. tit. 70, § 70-2206, 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.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
Deposit of income and revenues - Payment of principal and
Official statutory text
interest.
Except as to revenues paid directly to a trustee under the
provisions of subsection (e) of Section 3 hereof, all income and
revenues derived from the operation of the building shall be
deposited as collected in a fund to be applied solely to the payment
of the principal of and interest on the bonds and, to the extent so
provided in the resolution authorizing the bonds, to the payment of
the cost of maintaining and operating the building and the
establishment of reserves for such purpose. As principal and
interest become due from time to time the Treasurer shall, not less
than fifteen (15) days prior to the payment date, transmit to the
paying agent for the bonds money from said fund in an amount
sufficient to pay the principal or interest so falling due. Said
fund and the money therein is hereby irrevocably pledged to such
purposes.
Except as to revenues paid directly to a trustee under the
provisions of subsection (e) of Section 3 hereof, all income and
revenues derived from the operation of the building shall be
deposited as collected in a fund to be applied solely to the payment
of the principal of and interest on the bonds and, to the extent so
provided in the resolution authorizing the bonds, to the payment of
the cost of maintaining and operating the building and the
establishment of reserves for such purpose. As principal and
interest become due from time to time the Treasurer shall, not less
than fifteen (15) days prior to the payment date, transmit to the
paying agent for the bonds money from said fund in an amount
sufficient to pay the principal or interest so falling due. Said
fund and the money therein is hereby irrevocably pledged to such
purposes.
Status: in_force · Read it on the official government site
Need a lawyer in Oklahoma?
Find a Oklahoma lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.