Oklahoma § 60-177.5 - Rebate of reserve funds resulting from any advance
Full text of Oklahoma Oklahoma Statutes § 60-177.5 — Rebate of reserve funds resulting from any advance, with citation guidance and answers to common questions.
§ 60-177.5. Rebate of reserve funds resulting from any advance
funding or cash management program.
All reserve funds currently or hereafter held by any public
trust or entity, which funds result from any advance funding or cash
management program, must be rebated, with all accrued interest
thereon, on a pro rata basis of actual participation to the program
participants of the advance funding or cash management program from
which the reserve was created unless, within three (3) years of the
date of the reserve fund's initial creation, such reserve funds are
used by the public trust or entity to fund a similar advance funding
or cash management program.
Added by Laws 1991, c. 341, § 1, eff. July 1, 1991.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 60-177.5
What does Oklahoma Statutes § 60-177.5 cover?
Section 60-177.5 ("Rebate of reserve funds resulting from any advance") 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 § 60-177.5?
A common citation format is "Oklahoma Statutes § 60-177.5" (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 § 60-177.5 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.