Oklahoma § 74-9056 - Unregulated Utility Consumer Protection Fund
Full text of Oklahoma Oklahoma Statutes § 74-9056 — Unregulated Utility Consumer Protection Fund, with citation guidance and answers to common questions.
§ 74-9056. Unregulated Utility Consumer Protection Fund
A. There is hereby created in the State Treasury a fund to be
designated the "Unregulated Utility Consumer Protection Fund", which
shall be utilized by the Oklahoma Development Finance Authority to
make loans to unregulated utilities to carry out the purposes of
this act. The fund shall consist of proceeds from the issuance of
obligations authorized in Section 6 of this act, revenues from the
loan program and any other contributions from unregulated utilities
permitted by law.
B. To the extent the unregulated utility receives, prior to the
issuance of a loan pursuant to this act, insurance proceeds,
governmental grants or any other source of funding that compensates
it for extreme purchase costs or extraordinary costs, or if actual
amounts are determined to be lower than estimated amounts, those
amounts shall be used to reduce the qualified costs of the
unregulated utility that are recoverable from customers. If the
amounts are received after the issuance of a loan, they shall be
remitted to the Authority and deposited into the Unregulated Utility
Consumer Protection Fund. Any amounts remitted to the Authority
after the issuance of a loan shall be credited against the loan
payments of the unregulated utility using a reasonable methodology
determined by the Authority.
Added by Laws 2021, c. 203, § 7, emerg. eff. April 23, 2021.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 74-9056
What does Oklahoma Statutes § 74-9056 cover?
Section 74-9056 ("Unregulated Utility Consumer Protection 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 § 74-9056?
A common citation format is "Oklahoma Statutes § 74-9056" (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 § 74-9056 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.