Oklahoma § 69-1323 - Assessments - When payable
Full text of Oklahoma Oklahoma Statutes § 69-1323 — Assessments - When payable, with citation guidance and answers to common questions.
§ 69-1323. Assessments - When payable
(a) The first installment of such assessment, together with
interest upon the whole assessment from the date of the passage of
the assessing ordinance or resolution to the first of the next
September, shall be due and payable on or before the 1st day of
September, next succeeding the passage of the ordinance or
resolution; provided, that if such assessing ordinance or resolution
is not passed prior to the 1st day of July, the first installment of
the assessment shall be due and payable with interest from the date
of passage to the 1st day of September of the following year.
(b) In case any installment or interest is not paid when due,
the unpaid installment and the unpaid interest thereon shall draw
interest at the rate of twelve percent (12%) per annum from maturity
until paid, except as hereinafter otherwise provided.
(c) With respect to assessments levied by any city, such
assessments and interest whether collected by the city or the county
treasurer shall be paid to the city treasurer, who shall keep the
same in a separate special fund for the purpose of paying the bonds
and interest coupons thereon issued against such assessments.
Oklahoma Statutes - Title 69. Roads, Bridges, and Ferries
(d) With respect to assessments levied by any board of county
commissioners, the same shall be collected by the county treasurer
who shall keep the same in a separate special fund and shall
disburse the same in the payment of bonds and interest coupons
thereon issued against such assessments.
(e) After the payment of all bonds and interest thereon, any
surplus remaining in the fund shall be used by the city or the board
of county commissioners for the purpose of repairing or maintaining
the limited access facility and for no other purpose whatsoever.
Laws 1968, c. 415, § 1323, operative July 1, 1968.
Frequently Asked Questions About Oklahoma § 69-1323
What does Oklahoma Statutes § 69-1323 cover?
Section 69-1323 ("Assessments - When payable") 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 § 69-1323?
A common citation format is "Oklahoma Statutes § 69-1323" (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 § 69-1323 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.