Oklahoma § 69-1501 - State Highway Construction and Maintenance Fund

§ 69-1501. State Highway Construction and Maintenance Fund

(a) All monies received by taxation or otherwise for use on the

state highways of this state shall, unless otherwise provided by

law, be placed in the State Treasury in a fund to be known as the

State Highway Construction and Maintenance Fund. The fund shall

also consist of revenues specifically apportioned to such fund by

provisions of the Oklahoma Statutes.

(b) All monies remaining in the State Highway Construction and

Maintenance Fund created by 69 O.S. 1961, Section 44(d), when this

Code becomes effective, and all other assets thereof, and all taxes,

revenue and other funds payable to or required to be deposited in

such fund under the provisions of other laws when this Code becomes

effective, shall be transferred to, be deposited in and be a part of

the State Highway Construction and Maintenance Fund created by this

section; and the latter fund shall be liable for the payment of all

outstanding obligations existing against the former fund.

(c) Of the monies deposited in the State Highway Construction

and Maintenance Fund pursuant to the apportionment of Motor Fuels

Tax Fees provided in Section 1 of this act, the lesser of Ten

Thousand Dollars ($10,000.00) and one and one-half percent (1 1/2%)

of such monies may be used for the development and maintenance of

alternative fuel corridors as defined by the Federal Highway

Administration.

Added by Laws 1968, c. 415, § 1501, operative July 1, 1968. Amended

by Laws 2017, c. 347, § 2, eff. Nov. 1, 2017.