Oklahoma § 70-695.12 - Repayments to Student Loan Sinking Fund
Full text of Oklahoma Oklahoma Statutes § 70-695.12 — Repayments to Student Loan Sinking Fund, with citation guidance and answers to common questions.
§ 70-695.12. Repayments to Student Loan Sinking Fund
All money received by the Oklahoma Student Loan Authority as
repayment of student loans granted under the Oklahoma Student Loan
Act and interest on the loans shall be credited to the "Student Loan
Sinking Fund" of the Authority. The resolution authorizing the
issuance of the bonds may provide for deposit from bond proceeds of
not to exceed twenty-four (24) months' interest, and may provide for
use of bond proceeds as a reserve for the payment of principal and
interest on the bonds. The Authority shall pay or cause to be paid
from the "Student Loan Sinking Fund" the principal and interest on
the bonds as they mature and come due.
Amended by Laws 1987, c. 81, § 7, operative July 1, 1987.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 70-695.12
What does Oklahoma Statutes § 70-695.12 cover?
Section 70-695.12 ("Repayments to Student Loan Sinking Fund") 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 § 70-695.12?
A common citation format is "Oklahoma Statutes § 70-695.12" (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 § 70-695.12 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.