Oklahoma § 82-1085.84
Full text of Oklahoma Oklahoma Statutes § 82-1085.84, with citation guidance and answers to common questions.
§ 82-1085.84.
15, 1997.
Repealed by Laws 1997, c. 186, § 8, emerg. eff. May
§82-1085.84A. Drinking Water Treatment Loan Administrative Fund.
A. In order to administer the Drinking Water Treatment
Revolving Loan Account, there is hereby created in the State
Treasury a "Drinking Water Treatment Loan Administrative Fund". The
Drinking Water Treatment Loan Administrative Fund shall be set apart
from all other Board accounts and funds and shall be a permanent and
perpetual fund not subject to fiscal year limitations. The Drinking
Water Treatment Loan Administrative Fund shall consist of monies
deposited into the fund from the following sources:
1. Application processing and loan administrative fees
collected by the Board on Drinking Water Treatment Revolving Loan
Account loans; and
2. Any other funds, whether public or private, that have been
designated by the source thereof for deposit in the Drinking Water
Treatment Loan Administrative Fund.
B. Monies in, or investment income derived from, the Drinking
Water Treatment Loan Administrative Fund shall be restricted and
used solely for the purpose of administering the Drinking Water
Treatment Revolving Loan Account or as otherwise authorized by the
federal Safe Drinking Water Act or guidance or regulations
promulgated thereunder. Monies in the Drinking Water Treatment Loan
Administrative Fund, or investment income derived therefrom, shall
be used by the Board and Department in carrying out their
responsibilities as provided in the written annual joint operating
agreement identified in Section 1085.82 of Title 82 of the Oklahoma
Statutes and shall be subject to annual designation by the State
Legislature.
C. The monies placed in the Drinking Water Treatment Loan
Administrative Fund may be invested by the State Treasurer in an
adequately collateralized manner and as prescribed by Section 89.2
of Title 62 of the Oklahoma Statutes or pursuant to investment
contracts or agreements with entities maintaining a rating in the
top two categories by a nationally recognized municipal bond rating
agency, all in a manner consistent with the federal Safe Drinking
Water Act or regulations promulgated thereunder. The Oklahoma Water
Resources Board may transfer to the Drinking Water Treatment Loan
Administrative Fund income derived from investment of the fund.
Oklahoma Statutes - Title 82. Waters and Water Rights
Monies invested by the State Treasurer shall be available to meet
administrative funding needs.
D. The Board is authorized to transfer monies from the Drinking
Water Treatment Loan Administrative Fund into the Drinking Water
Treatment Revolving Loan Account to be utilized for purposes
consistent with the federal Safe Drinking Water Act.
E. The Board shall cause to be completed an annual audit of any
expenditures from the Drinking Water Treatment Loan Administrative
Fund.
Added by Laws 1997, c. 186, § 6, emerg. eff. May 15, 1997.
Frequently Asked Questions About Oklahoma § 82-1085.84
What does Oklahoma Statutes § 82-1085.84 cover?
Section 82-1085.84 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 § 82-1085.84?
A common citation format is "Oklahoma Statutes § 82-1085.84" (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 § 82-1085.84 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.