§ 1226.8. Monies received held as trust funds
Oklahoma Statutes AnnotatedTitle 74. State Government
74 Okl.St.Ann. § 1226.8
§ 1226.8. Monies received held as trust funds
All monies received pursuant to the authority of this 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 this 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 monies shall be paid shall act as trustee of such monies and shall hold and apply the same for the purposes hereof, subject to such regulations as this act and such resolution or trust agreement may provide.
Credits
Laws 1994, c. 388, § 10, eff. Sept. 1, 1994.
74 Okl. St. Ann. § 1226.8, OK ST T. 74 § 1226.8
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.
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