Home Table of Contents

§ 288.11. Investment of funds--Utilizing funds to influence governmental action or policy

Oklahoma Statutes AnnotatedTitle 52. Oil and Gas

Oklahoma Statutes Annotated
Title 52. Oil and Gas (Refs & Annos)
Chapter 3. Conservation of Oil and Gas
Oklahoma Energy Education and Marketing Act
52 Okl.St.Ann. § 288.11
§ 288.11. Investment of funds--Utilizing funds to influence governmental action or policy
A. The Board may invest, pending disbursement, funds collected through assessments only in obligations of the United States or any agency thereof, in general obligations of any state, in any interest-bearing account or certificate of deposit of a bank that is a member of the Federal Reserve System, or in obligations fully guaranteed as to principal and interest by the United States.
B. The Board shall be prohibited from utilizing any funds collected through the assessment procedure outlined in Section 8 of this act,1 for the purpose of influencing governmental action or policy, with the exception of recommending amendments to this act,2 and for the purpose of obtaining state or federal funding for the activities of the Sustaining Oklahoma's Energy Resources Advisory Committee.

Credits

Laws 1992, c. 257, § 11, eff. Sept. 1, 1992; Laws 2008, c. 309, § 3, emerg. eff. June 2, 2008.

Footnotes

Title 52, § 288.8 (repealed; see, now, Title 52, § 288.8A).
Title 52, § 288.1 et seq.
52 Okl. St. Ann. § 288.11, OK ST T. 52 § 288.11
Current with emergency effective legislation through Chapter 3 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
End of Document