Okla. Stat. tit. 70, § 70-5-160
This is the official text of Okla. Stat. tit. 70, § 70-5-160, 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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Interaccount and interfund transfers
Official statutory text
The chief executive officer, or designee, as authorized by the
governing body, may transfer any unexpended and unencumbered
appropriation or any portion thereof from one account to another
within the same fund; except that no appropriation for debt service
or other appropriation required by law or regulation may be reduced
below the minimums required. Other interfund transfers may be made
only as authorized by this act or as provided in the budget as
adopted or amended according to this act. Whenever the necessity
for maintaining any special fund of a school district has ceased to
exist and a balance remains in the fund, the governing body may
Oklahoma Statutes - Title 70. Schools Page 328
authorize the transfer of the balance to the general fund.
Applicable law shall govern the use or transfer of any remaining
balance in any debt service or bond fund.
governing body, may transfer any unexpended and unencumbered
appropriation or any portion thereof from one account to another
within the same fund; except that no appropriation for debt service
or other appropriation required by law or regulation may be reduced
below the minimums required. Other interfund transfers may be made
only as authorized by this act or as provided in the budget as
adopted or amended according to this act. Whenever the necessity
for maintaining any special fund of a school district has ceased to
exist and a balance remains in the fund, the governing body may
Oklahoma Statutes - Title 70. Schools Page 328
authorize the transfer of the balance to the general fund.
Applicable law shall govern the use or transfer of any remaining
balance in any debt service or bond fund.
Status: in_force · Read it on the official government site
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