Oklahoma § 11-39-114 Transfer of revenues to general fund.

Oklahoma Statutes

§ 11-39-114 — Transfer of revenues to general fund.

Oklahoma § 11-39-114

Title 11Cities And Towns

This text of Oklahoma § 11-39-114 (Transfer of revenues to general fund.) is published on Counsel Stack Legal Research, covering Oklahoma primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Okla. Stat. tit. 11, § 11-39-114 (2026).

Text

The governing body may transfer to the general fund of the city any money obtained from the levy of an assessment for a district if: 1. Bonds were issued to finance the improvement; and 2. The funds obtained by the bonds were spent for the improvement; and 3. The assessments were levied and collected for the payment of the bonds; and 4. Either the bondholders are barred by the statute of limitations or a court judgment or decree from collecting the indebtedness; or 5. The bonded indebtedness has been paid.

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The governing body may transfer to the general fund of the city any money obtained from the levy of an assessment for a district if: 1. Bonds were issued to finance the improvement; and 2. The funds obtained by the bonds were spent for the improvement; and 3. The assessments were levied and collected for the payment of the bonds; and 4. Either the bondholders are barred by the statute of limitations or a court judgment or decree from collecting the indebtedness; or 5. The bonded indebtedness has been paid.