Okla. Stat. tit. 74, § 74-9056
This is the official text of Okla. Stat. tit. 74, § 74-9056, part of Oklahoma’s Stat. tit. 74, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 74,." Browse the sections below, each linked to its official government source.
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Unregulated Utility Consumer Protection Fund
Official statutory text
A. There is hereby created in the State Treasury a fund to be
designated the "Unregulated Utility Consumer Protection Fund", which
shall be utilized by the Oklahoma Development Finance Authority to
make loans to unregulated utilities to carry out the purposes of
this act. The fund shall consist of proceeds from the issuance of
obligations authorized in Section 6 of this act, revenues from the
loan program and any other contributions from unregulated utilities
permitted by law.
B. To the extent the unregulated utility receives, prior to the
issuance of a loan pursuant to this act, insurance proceeds,
governmental grants or any other source of funding that compensates
it for extreme purchase costs or extraordinary costs, or if actual
amounts are determined to be lower than estimated amounts, those
amounts shall be used to reduce the qualified costs of the
unregulated utility that are recoverable from customers. If the
amounts are received after the issuance of a loan, they shall be
remitted to the Authority and deposited into the Unregulated Utility
Consumer Protection Fund. Any amounts remitted to the Authority
after the issuance of a loan shall be credited against the loan
payments of the unregulated utility using a reasonable methodology
determined by the Authority.
designated the "Unregulated Utility Consumer Protection Fund", which
shall be utilized by the Oklahoma Development Finance Authority to
make loans to unregulated utilities to carry out the purposes of
this act. The fund shall consist of proceeds from the issuance of
obligations authorized in Section 6 of this act, revenues from the
loan program and any other contributions from unregulated utilities
permitted by law.
B. To the extent the unregulated utility receives, prior to the
issuance of a loan pursuant to this act, insurance proceeds,
governmental grants or any other source of funding that compensates
it for extreme purchase costs or extraordinary costs, or if actual
amounts are determined to be lower than estimated amounts, those
amounts shall be used to reduce the qualified costs of the
unregulated utility that are recoverable from customers. If the
amounts are received after the issuance of a loan, they shall be
remitted to the Authority and deposited into the Unregulated Utility
Consumer Protection Fund. Any amounts remitted to the Authority
after the issuance of a loan shall be credited against the loan
payments of the unregulated utility using a reasonable methodology
determined by the Authority.
Status: in_force · Read it on the official government site
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