Oklahoma § 82-1324.11 - Revenues
Full text of Oklahoma Oklahoma Statutes § 82-1324.11 — Revenues, with citation guidance and answers to common questions.
§ 82-1324.11. Revenues
A. Rural water, sewer, gas and solid waste management districts
formed pursuant to this act shall be operated without profit, but
the rates, fees, rents or other charges for water, gas and other
facilities, supplies, equipment or services furnished by the
district shall be sufficient at all times:
1. To pay all operating and maintenance expenses necessary or
desirable for the prudent conduct of its affairs and the principal
of and interest on the obligations issued or assumed by the district
in the performance of the purposes for which it was organized; and
2. For the creation of adequate reserves for the retirement of
indebtedness, maintenance and other purposes necessary and expedient
to meeting all obligations of the district.
B. The revenues of the district shall be devoted, first, to the
payment of operating and maintenance expenses and the principal and
interest on outstanding obligations, and, thereafter, to such
reserves for improvements, retirement of indebtedness, new
construction, depreciation and contingencies as the board of
directors may from time to time prescribe.
C. Rates shall be reviewed and adjusted as deemed necessary by
the board of directors to ensure that revenues will be adequate for,
but not exceed, the amounts required for the purposes provided for
in subsection B of this section.
Amended by Laws 1982, c. 28, § 1, operative July 1, 1982.
Oklahoma Statutes - Title 82. Waters and Water Rights
Frequently Asked Questions About Oklahoma § 82-1324.11
What does Oklahoma Statutes § 82-1324.11 cover?
Section 82-1324.11 ("Revenues") 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 § 82-1324.11?
A common citation format is "Oklahoma Statutes § 82-1324.11" (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 § 82-1324.11 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.