Oklahoma § 62-446 - Transfer of surplus to general fund - Reduction of ad
Full text of Oklahoma Oklahoma Statutes § 62-446 — Transfer of surplus to general fund - Reduction of ad, with citation guidance and answers to common questions.
§ 62-446. Transfer of surplus to general fund - Reduction of ad
valorem tax levy - Construction of permanent improvements.
Whenever any city or town of the State of Oklahoma shall have
accumulated an amount of money in its sinking fund sufficient to pay
at maturity the principal and interest of all its outstanding bonds,
coupons and judgments, any surplus money in said fund, after all
outstanding bonds, judgments or other charges against said sinking
funds have been fully paid, whether maturing in the current or in
future years, may be transferred by the governing body of such city
or town to its general fund to be used in reducing the ad valorem
tax levies for the ensuing fiscal year or years, or in constructing
public buildings or other permanent improvements as the governing
body may determine.
Oklahoma Statutes - Title 62. Public Finance
Laws 1933, c. 42, p. 80, § 1; Laws 1991, c. 124, § 26, eff. July 1,
1991.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 62-446
What does Oklahoma Statutes § 62-446 cover?
Section 62-446 ("Transfer of surplus to general fund - Reduction of ad") 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 § 62-446?
A common citation format is "Oklahoma Statutes § 62-446" (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 § 62-446 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.