Home Table of Contents

§ 35-102.1. Disposition of proceeds from investment of meter deposit funds

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 XXXV. Public Utilities
Part 1. General Provisions
11 Okl.St.Ann. § 35-102.1
§ 35-102.1. Disposition of proceeds from investment of meter deposit funds
The proceeds from any investments of meter deposit funds and any other earnings therefrom shall be considered to be profit derived from the investment and shall be placed in the fund from which the operation and maintenance expenses of the utility, for which the meter deposits invested were collected, are paid. The investment of such funds by the municipality shall in no manner impair its obligation to any person, firm or corporation, to refund in full any or all deposits theretofore or thereafter made.

Credits

Laws 1995, c. 166, § 5, emerg. eff. May 4, 1995.
11 Okl. St. Ann. § 35-102.1, OK ST T. 11 § 35-102.1
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