Oklahoma § 74-62.5 - Special cash fund - Creation
Full text of Oklahoma Oklahoma Statutes § 74-62.5 — Special cash fund - Creation, with citation guidance and answers to common questions.
§ 74-62.5. Special cash fund - Creation
A. There is hereby created a special cash fund in the State
Treasury for each state agency which requests that the Director
sell, trade, or redistribute to other state agencies any surplus
property.
B. All proceeds received from such transaction, and the
proceeds of any insurance claim arising from the loss by fire, theft
or casualty of insured material, supplies, or equipment shall be
deposited in such special cash fund of such state agency and may be
expended for the purchase or replacement of materials, supplies, or
equipment of such state agency and for the payment of the cost of
conducting any such transaction.
C. Whenever an unencumbered balance exists in said fund after
June 30, the close of each fiscal year, such balance shall lapse and
be transferred to the General Revenue Fund of the current fiscal
year.
Added by Laws 1963, c. 267, § 2, emerg. eff. June 13, 1963. Amended
by Laws 1978, c. 159, § 1, emerg. eff. April 7, 1978; Laws 1995, c.
342, § 5, emerg. eff. June 9, 1995. Renumbered from § 85.9A of this
title by Laws 1995, c. 342, § 9, emerg. eff. June 9, 1995.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 74-62.5
What does Oklahoma Statutes § 74-62.5 cover?
Section 74-62.5 ("Special cash fund - Creation") 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 § 74-62.5?
A common citation format is "Oklahoma Statutes § 74-62.5" (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 § 74-62.5 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.