There is a newer version
of
this Section
2019 Oklahoma Statutes
Title 60. Property
§60-177.5. Rebate of reserve funds resulting from any advance funding or cash management program.
Universal Citation: 60 OK Stat § 60-177.5 (2019)
All reserve funds currently or hereafter held by any public trust or entity, which funds result from any advance funding or cash management program, must be rebated, with all accrued interest thereon, on a pro rata basis of actual participation to the program participants of the advance funding or cash management program from which the reserve was created unless, within three (3) years of the date of the reserve fund's initial creation, such reserve funds are used by the public trust or entity to fund a similar advance funding or cash management program.
Added by Laws 1991, c. 341, § 1, eff. July 1, 1991.
Disclaimer: These codes may not be the most recent version. Oklahoma may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
