§ 1085.53. Creation of account--Composition--Purpose--Investment
Oklahoma Statutes AnnotatedTitle 82. Waters and Water Rights
82 Okl.St.Ann. § 1085.53
§ 1085.53. Creation of account--Composition--Purpose--Investment
1. All monies received pursuant and subject to the restrictions of the federal Water Quality Act of 19871 which are eligible for use in state revolving loan funds established to meet the requirements of that act;
D. The monies placed in the Clean Water State Revolving Fund Loan Account shall be invested by the State Treasurer in an adequately collateralized manner and as prescribed by Section 89.2 of Title 62 of the Oklahoma Statutes or pursuant to investment contracts or agreements with entities maintaining a rating in the top two categories by a nationally recognized municipal bond rating agency, in the manner consistent with the provisions of the federal Water Quality Act of 1987. Monies invested by the State Treasurer shall be available to meet program needs for funding as established by the Board.
Credits
Laws 1988, c. 202, § 3, operative July 1, 1988; Laws 2002, c. 322, § 3, emerg. eff. May 30, 2002.
Footnotes
33 U.S.C.A. § 1251 et seq.
82 Okl. St. Ann. § 1085.53, OK ST T. 82 § 1085.53
Current with emergency effective legislation through Chapter 106 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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