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§ 39-114. Transfer of revenues to general fund

Oklahoma Statutes AnnotatedTitle 11. Cities and Towns

Oklahoma Statutes Annotated
Title 11. Cities and Towns (Refs & Annos)
Chapter 1. Municipal Code (Refs & Annos)
Municipal Departments and Services
Article XXXIX. Improvement Districts (Refs & Annos)
11 Okl.St.Ann. § 39-114
§ 39-114. Transfer of revenues to general fund
The governing body may transfer to the general fund of the city any money obtained from the levy of an assessment for a district if:
1. Bonds were issued to finance the improvement; and
2. The funds obtained by the bonds were spent for the improvement; and
3. The assessments were levied and collected for the payment of the bonds; and
4. Either the bondholders are barred by the statute of limitations or a court judgment or decree from collecting the indebtedness; or
5. The bonded indebtedness has been paid.

Credits

Laws 1978, c. 233, § 14, emerg. eff. April 25, 1978.
11 Okl. St. Ann. § 39-114, OK ST T. 11 § 39-114
Current with legislation of the Second Regular Session of the 58th Legislature (2022) effective through October 1, 2022. Some sections may be more current, see credits for details.
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