Okla. Stat. tit. 82, § 82-1085.44
This is the official text of Okla. Stat. tit. 82, § 82-1085.44, part of Oklahoma’s Stat. tit. 82, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 82,." Browse the sections below, each linked to its official government source.
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Monies appropriated to Statewide Water Development
Official statutory text
Revolving Fund - Use as security and collateral.
In addition to the purposes outlined in Section 1085.40 of Title
82 of the Oklahoma Statutes, all monies appropriated by the
Legislature to the Statewide Water Development Revolving Fund may be
used by the Board for security and collateral for investment
certificates issued by the Board pursuant to Section 1085.33 of
Title 82 of the Oklahoma Statutes. Furthermore, the Board is hereby
directed to manage and administer the Statewide Water Development
Revolving Fund so as to maintain a revolving fund balance adequate
to sufficiently back any and all outstanding investment
certificates. Any state liability arising from the implementation
of this section shall be limited to those monies in the Statewide
Water Development Revolving Fund which have been reserved as backing
for the outstanding investment certificates.
Oklahoma Statutes - Title 82. Waters and Water Rights Page 237
In addition to the purposes outlined in Section 1085.40 of Title
82 of the Oklahoma Statutes, all monies appropriated by the
Legislature to the Statewide Water Development Revolving Fund may be
used by the Board for security and collateral for investment
certificates issued by the Board pursuant to Section 1085.33 of
Title 82 of the Oklahoma Statutes. Furthermore, the Board is hereby
directed to manage and administer the Statewide Water Development
Revolving Fund so as to maintain a revolving fund balance adequate
to sufficiently back any and all outstanding investment
certificates. Any state liability arising from the implementation
of this section shall be limited to those monies in the Statewide
Water Development Revolving Fund which have been reserved as backing
for the outstanding investment certificates.
Oklahoma Statutes - Title 82. Waters and Water Rights Page 237
Status: reserved · Read it on the official government site
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