Oklahoma § 11-39-113 Use of revenues.

Oklahoma Statutes

§ 11-39-113 — Use of revenues.

Oklahoma·Title 11 Cities And Towns

A.All money received by the city from any special assessment or assessment within a district shall be held in a special fund and used to: 1. Pay the cost of the improvement for which the assessment was made; 2. Reimburse the city for any work performed or cost incurred by the city in constructing the improvement; or 3. Pay the interest and principal due on any outstanding negotiable bonds, including replenishment of debt service reserves, reimbursements to bond insurers or other providers of credit enhancement, and other payments required in connection with bonds issued to pay for improvements.

B.Any person who uses money in a district fund other than as provided in this section is guilty of a Class D3 felony offense and shall be punished by a fine not exceeding One Thousand Dollars ($1,

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A. All money received by the city from any special assessment or assessment within a district shall be held in a special fund and used to: 1. Pay the cost of the improvement for which the assessment was made; 2. Reimburse the city for any work performed or cost incurred by the city in constructing the improvement; or 3. Pay the interest and principal due on any outstanding negotiable bonds, including replenishment of debt service reserves, reimbursements to bond insurers or other providers of credit enhancement, and other payments required in connection with bonds issued to pay for improvements. B. Any person who uses money in a district fund other than as provided in this section is guilty of a Class D3 felony offense and shall be punished by a fine not exceeding One Thousand Dollars ($1,000.00), or by imprisonment as provided for in subsections B through F of Section 20P of Title 21 of the Oklahoma Statutes, or by both such fine and imprisonment, in the discretion of the court.

Oklahoma § 11-39-113 (Use of revenues.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Added by Laws 1978, c. 233, § 13, emerg. eff. April 25, 1978. Amended by Laws 1983, c. 170, § 23, eff. July 1, 1983; Laws 1997, c. 133, § 129, eff. July 1, 1999; Laws 1999, 1st Ex.Sess., c. 5, § 58, eff. July 1, 1999; Laws 2007, c. 362, § 10, eff. Nov. 1, 2007; Laws 2025, c. 486, § 644, eff. Jan. 1, 2026. NOTE: Laws 1998, 1st Ex.Sess., c. 2, § 23 amended the effective date of Laws 1997, c. 133, § 129 from July 1, 1998, to July 1, 1999.