Okla. Stat. tit. 82, § 82-1113
This is the official text of Okla. Stat. tit. 82, § 82-1113, 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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Budget - Disposition of rents and charges
Official statutory text
(a) The board of directors of a port authority created in
accordance with Section 2 of this Act shall annually prepare a
budget for the port authority.
(b) Rents and charges received by the port authority shall be
used for the general expenses of the port authority and to pay
interest, amortization, and retirement charges on money borrowed. If
there remains, at the end of any calendar year, any surplus of such
funds after providing for the above uses, the board of directors may
pay such surplus into the general funds of the political
subdivisions creating and comprising the port authority in
proportion to the taxable value of all property within the port
authority which shall be listed on the general tax lists for the
respective subdivisions.
accordance with Section 2 of this Act shall annually prepare a
budget for the port authority.
(b) Rents and charges received by the port authority shall be
used for the general expenses of the port authority and to pay
interest, amortization, and retirement charges on money borrowed. If
there remains, at the end of any calendar year, any surplus of such
funds after providing for the above uses, the board of directors may
pay such surplus into the general funds of the political
subdivisions creating and comprising the port authority in
proportion to the taxable value of all property within the port
authority which shall be listed on the general tax lists for the
respective subdivisions.
Status: in_force · Read it on the official government site
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