Oklahoma § 70-5-117.7 Casualty and flood insurance recovery fund to purchase

Oklahoma Statutes

§ 70-5-117.7 — Casualty and flood insurance recovery fund to purchase

Oklahoma § 70-5-117.7

Title 70Schools

This text of Oklahoma § 70-5-117.7 (Casualty and flood insurance recovery fund to purchase) 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. 70, § 70-5-117.7 (2026).

Text

high-deductible property insurance policy.

A.Pursuant to the powers and duties granted by paragraph 8 of subsection A of Section 5-117 of Title 70 of the Oklahoma Statutes, the board of education of each school district may establish a casualty and flood insurance recovery fund for the purpose of purchasing a high-deductible property insurance policy.

B.Monies for the casualty and flood insurance recovery fund shall be transferred from the school district general fund, as defined in Section 1-117 of Title 70 of the Oklahoma Statutes. The amount of monies transferred from the general fund shall not exceed the amount of the high-deductible property insurance policy deductible.

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high-deductible property insurance policy. A. Pursuant to the powers and duties granted by paragraph 8 of subsection A of Section 5-117 of Title 70 of the Oklahoma Statutes, the board of education of each school district may establish a casualty and flood insurance recovery fund for the purpose of purchasing a high-deductible property insurance policy. B. Monies for the casualty and flood insurance recovery fund shall be transferred from the school district general fund, as defined in Section 1-117 of Title 70 of the Oklahoma Statutes. The amount of monies transferred from the general fund shall not exceed the amount of the high-deductible property insurance policy deductible.