Oklahoma § 62-544 - Apportionment of interest
Full text of Oklahoma Oklahoma Statutes § 62-544 — Apportionment of interest, with citation guidance and answers to common questions.
§ 62-544. Apportionment of interest
On or before the last day of each month the State Treasurer and
the treasurer of each county, city, town and board of education
shall apportion and place to the credit of the sinking fund or
sinking funds in his custody all interest earned and collected from
the investment of such sinking funds, as provided in the first and
foregoing section of this act; provided, that in counties, where
Oklahoma Statutes - Title 62. Public Finance
invested securities have heretofore been purchased for the joint use
and benefit of the several school districts and/or townships
thereof, the amount so credited to each such sinking fund account
shall bear the same ratio to the whole amount of interest so
collected, as the amount of such investment credited to the sinking
fund account of each such school district and/or township bears to
the total amount so invested, in which last event the apportionment
of such interest earnings shall be made immediately prior to the
30th day of June of each year.
Added by Laws 1941, p. 289, § 4, eff. April 21, 1941.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 62-544
What does Oklahoma Statutes § 62-544 cover?
Section 62-544 ("Apportionment of 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 § 62-544?
A common citation format is "Oklahoma Statutes § 62-544" (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 § 62-544 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.