§ 288.11. Investment of funds--Utilizing funds to influence governmental action or policy
Oklahoma Statutes AnnotatedTitle 52. Oil and Gas
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.
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 |