Oklahoma § 62-864 - Adjustment in school State Aid
Full text of Oklahoma Oklahoma Statutes § 62-864 — Adjustment in school State Aid, with citation guidance and answers to common questions.
§ 62-864. Adjustment in school State Aid
In those cases where the net assessed valuation of the real
property within a school district increases as a result of the
provisions of Sections 860 and 861 of this title, the school
district's State Aid shall be determined by subtracting such
increase in the net assessed valuation from the assessed valuation
of the school district and the state. Such increase shall be
subtracted for each fiscal year during which the incentives or
exemptions are granted in the case of property within an incentive
district or such increase shall be subtracted for each fiscal year
the increment is captured in the case of property within an
increment district. The increase in net assessed valuation
subtracted, in the case of property within an increment district,
shall be the amount that represents that portion of the increment
which is captured and which is actually used for the purposes of
this act.
Added by Laws 1992, c. 342, § 15. Amended by Laws 2008, c. 367, §
5, eff. Nov. 1, 2008.
Frequently Asked Questions About Oklahoma § 62-864
What does Oklahoma Statutes § 62-864 cover?
Section 62-864 ("Adjustment in school State Aid") 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 § 62-864?
A common citation format is "Oklahoma Statutes § 62-864" (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 § 62-864 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.