Go to Other Versions of The Oklahoma Stat.
  1. 2025 Oklahoma Stat. (here)
  2. 2024 Oklahoma Stat.
  3. 2023 Oklahoma Stat.
  4. View All Versions

2025 Oklahoma Statutes
Title 3. Aircraft and Airports.
§3-535. Bond proceeds and revenue deemed to be trust funds.

Universal Citation:
3 OK Stat § 535 (2025)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.
Previous Next

All monies received pursuant to the authority of the Oklahoma Space Industry Development Act, whether as proceeds from the sale of bonds or as revenues, shall be deemed to be trust funds, to be held and applied solely as provided in the Oklahoma Space Industry Development Act. The resolution authorizing the bonds of any issue or the trust agreement securing such bonds shall provide that any officer to whom, or any bank or trust company to which, such money shall be paid shall act as trustee of the monies and shall hold and apply the same for the purposes hereof, subject to such regulations as the Oklahoma Space Industry Development Act and such resolution or trust agreement may provide.

Added by Laws 1999, c. 164, § 25, eff. July 1, 1999. Amended by Laws 2025, c. 274, § 10, eff. July 1, 2025. Renumbered from § 5225 of Title 74 by Laws 2025, c. 274, § 42, eff. July 1, 2025.

Previous Next
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.