Okla. Stat. tit. 70, § 70-9-111
This is the official text of Okla. Stat. tit. 70, § 70-9-111, 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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Use of fund
Official statutory text
The State Board of Education through the Director of Finance is
hereby authorized to use the "Special Transportation Revolving Fund"
for the purchase of pupil-transportation equipment suitable for the
transportation of children to and from the common schools and to
make one or more units of such pupil-transportation equipment
available for use by any school district in the State of Oklahoma
which is either required or authorized by statute to provide free
transportation to and from school for children legally residing in
such district or legally transferred thereto and entitled to attend
school therein, but which school district does not have sufficient
funds available, and, because of then existing indebtedness, may not
legally issue its bonds for the purchase of other pupil-
transportation equipment. Provided, such equipment shall be
purchased from the list of approved equipment as provided for in
Section 9-109 and at a price not greater than the price so approved.
Provided, further, the school board or board of education of any
school district desiring to rent such equipment shall select from
the approved list the equipment they desire before the State Board
of Education shall be authorized to purchase transportation
equipment for rental to any district. Provided, further, the State
Board of Education shall not be authorized to act in behalf of any
school district in the purchase of any transportation equipment
except as provided for in this act.
hereby authorized to use the "Special Transportation Revolving Fund"
for the purchase of pupil-transportation equipment suitable for the
transportation of children to and from the common schools and to
make one or more units of such pupil-transportation equipment
available for use by any school district in the State of Oklahoma
which is either required or authorized by statute to provide free
transportation to and from school for children legally residing in
such district or legally transferred thereto and entitled to attend
school therein, but which school district does not have sufficient
funds available, and, because of then existing indebtedness, may not
legally issue its bonds for the purchase of other pupil-
transportation equipment. Provided, such equipment shall be
purchased from the list of approved equipment as provided for in
Section 9-109 and at a price not greater than the price so approved.
Provided, further, the school board or board of education of any
school district desiring to rent such equipment shall select from
the approved list the equipment they desire before the State Board
of Education shall be authorized to purchase transportation
equipment for rental to any district. Provided, further, the State
Board of Education shall not be authorized to act in behalf of any
school district in the purchase of any transportation equipment
except as provided for in this act.
Status: in_force · Read it on the official government site
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