Oklahoma § 62-277.2 - Investments - Interest
Full text of Oklahoma Oklahoma Statutes § 62-277.2 — Investments - Interest, with citation guidance and answers to common questions.
§ 62-277.2. Investments - Interest
The State Treasurer is hereby authorized and directed to invest
federal revenue sharing monies in direct obligations of the United
States of America or in certificates of deposits from banks in the
State of Oklahoma, acceptable as depositories, when such
certificates of deposits are secured by acceptable collateral and
yield as much or more than direct obligations of the United States
of America. Earnings or interest on federal revenue sharing monies
shall be deposited in the Federal Revenue Sharing Fund.
Laws 1973, c. 1, § 2, emerg. eff. Jan. 29, 1973.
Frequently Asked Questions About Oklahoma § 62-277.2
What does Oklahoma Statutes § 62-277.2 cover?
Section 62-277.2 ("Investments - Interest") 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 § 62-277.2?
A common citation format is "Oklahoma Statutes § 62-277.2" (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 § 62-277.2 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.