Okla. Stat. tit. 70, § 70-5-117.7
This is the official text of Okla. Stat. tit. 70, § 70-5-117.7, 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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Casualty and flood insurance recovery fund to purchase
Official statutory text
high-deductible property insurance policy.
Oklahoma Statutes - Title 70. Schools Page 275
A. Pursuant to the powers and duties granted by paragraph 8 of
subsection A of Section 5-117 of Title 70 of the Oklahoma Statutes,
the board of education of each school district may establish a
casualty and flood insurance recovery fund for the purpose of
purchasing a high-deductible property insurance policy.
B. Monies for the casualty and flood insurance recovery fund
shall be transferred from the school district general fund, as
defined in Section 1-117 of Title 70 of the Oklahoma Statutes. The
amount of monies transferred from the general fund shall not exceed
the amount of the high-deductible property insurance policy
deductible.
Oklahoma Statutes - Title 70. Schools Page 275
A. Pursuant to the powers and duties granted by paragraph 8 of
subsection A of Section 5-117 of Title 70 of the Oklahoma Statutes,
the board of education of each school district may establish a
casualty and flood insurance recovery fund for the purpose of
purchasing a high-deductible property insurance policy.
B. Monies for the casualty and flood insurance recovery fund
shall be transferred from the school district general fund, as
defined in Section 1-117 of Title 70 of the Oklahoma Statutes. The
amount of monies transferred from the general fund shall not exceed
the amount of the high-deductible property insurance policy
deductible.
Status: in_force · Read it on the official government site
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