Oklahoma § 70-695.13
Full text of Oklahoma Oklahoma Statutes § 70-695.13, with citation guidance and answers to common questions.
§ 70-695.13.
Investment of monies.
Oklahoma Statutes - Title 70. Schools
A. Money in the "Student Loan Sinking Fund" and money in the
Student Loan Fund in excess of the amount necessary for student
loans may be invested by the Authority in:
1. Direct obligations of or obligations whose principal and
interest are guaranteed by the United States;
2. Direct obligations of or participation certificates
guaranteed by the federal intermediate credit bank, federal land
banks, Federal National Mortgage Association, federal home loan
banks or banks for cooperatives;
3. Certificates of deposit of any bank or trust company whose
deposits are fully secured by a pledge of securities of any kind
specified in this subsection; and
4. Bonds of the state or its political subdivisions.
B. Money in the "Student Loan Sinking Fund" may be invested
only in obligations which are scheduled to mature prior to the date
the money must be available for its intended purpose.
C. All investments under this section may be sold at the
prevailing market price. Income from these investments shall be
credited to the "Student Loan Sinking Fund."
Laws 1972, c. 125, § 13, emerg. eff. April 6, 1972.
Frequently Asked Questions About Oklahoma § 70-695.13
What does Oklahoma Statutes § 70-695.13 cover?
Section 70-695.13 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 § 70-695.13?
A common citation format is "Oklahoma Statutes § 70-695.13" (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 § 70-695.13 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.