Oklahoma § 3-535 - Bond proceeds and revenue deemed to be trust funds
Full text of Oklahoma Oklahoma Statutes § 3-535 — Bond proceeds and revenue deemed to be trust funds, with citation guidance and answers to common questions.
§ 3-535. Bond proceeds and revenue deemed to be trust funds
All monies received pursuant to the authority of the Oklahoma
Space Industry Development 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 the Oklahoma Space Industry
Development 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 money
shall be paid shall act as trustee of the monies and shall hold and
apply the same for the purposes hereof, subject to such regulations
as the Oklahoma Space Industry Development Act and such resolution
or trust agreement may provide.
Oklahoma Statutes - Title 3. Aircraft and Airports
Added by Laws 1999, c. 164, § 25, eff. July 1, 1999. Amended by
Laws 2025, c. 274, § 10, eff. July 1, 2025. Renumbered from § 5225
of Title 74 by Laws 2025, c. 274, § 42, eff. July 1, 2025.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 3-535
What does Oklahoma Statutes § 3-535 cover?
Section 3-535 ("Bond proceeds and revenue deemed to be trust funds") is part of the Oklahoma Statutes, the codified statutory law of Oklahoma. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Oklahoma § 3-535?
A common citation format is "Oklahoma Statutes § 3-535" (Oklahoma). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Oklahoma law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Oklahoma official source linked on this page or consult a licensed Oklahoma attorney.
How does Oklahoma § 3-535 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Oklahoma can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Oklahoma.