Oklahoma § 62-57.165 - Deposit of proceeds - Investment
Full text of Oklahoma Oklahoma Statutes § 62-57.165 — Deposit of proceeds - Investment, with citation guidance and answers to common questions.
§ 62-57.165. Deposit of proceeds - Investment
Notwithstanding the provisions of Section 57.133, Title 62,
Oklahoma Statutes, to the contrary, the proceeds from the sale of
such Series C Bonds shall be deposited in the State of Oklahoma
Building Bonds of 1968 Fund, where the proceeds shall remain subject
to disposition as provided for by the Legislature of Oklahoma,
provided that it shall be the duty of each agency to which an
appropriation therefrom is made by House Bill No. 1797 of the Second
Session of the Thirty-third Legislature to advise in writing the
State Treasurer of the dates and amounts when each such appropriated
sum or portion thereof will be required by such agency to satisfy
its program for the expenditure thereof, such written advice to be
delivered by each such agency to the State Treasurer within ten (10)
days of the sale of such bonds, and it shall be the duty of the
State Treasurer to invest the proceeds from the sale of such bonds
in direct obligations of the United States of America or in
certificates of deposit from banks in Oklahoma acceptable as
depositories by the State Treasurer when such certificates of
deposit are secured by acceptable collateral and yield as much or
more than direct obligations of the United States of America,
maturing at such times and in such amounts as to enable the State of
Oklahoma to issue warrants in the amounts and at the times indicated
by the said agencies in their said written advices to the State
Treasurer, and the income from such investments shall be deposited
by the State Treasurer in the State of Oklahoma Building Bonds of
1968 Sinking Fund.
Laws 1972, c. 238, § 5, operative July 1, 1972.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 62-57.165
What does Oklahoma Statutes § 62-57.165 cover?
Section 62-57.165 ("Deposit of proceeds - Investment") 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 § 62-57.165?
A common citation format is "Oklahoma Statutes § 62-57.165" (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 § 62-57.165 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.