us-ok/stat
Okla. Stat. tit. 68, § 3034.2
Capital reserve fund
# A.
As used in this act, a "capital reserve fund" shall be a cash account, which may be used to pay for long-term capital needs of the county. The capital reserve fund shall be funded from the general budget or other legal source. The balance of the capital reserve fund shall not be part of the general budget within the estimate of needs but shall be recorded on the estimate of needs as a special fund. When the county has excess funds, the county may by resolution deposit the funds in the capital reserve fund. However, after the funds are so transferred, they are not transferable back to the original source.
# B.
Expenditures may be made out of the capital reserve fund as needed and determined by the board of authority. Expenditures are limited to county facilities. Such expenditures must be spent in accordance with Section 1500 et seq. of Title 19 of the Oklahoma Statutes.
# C.
The Office of the State Auditor and Inspector may establish proper documents and procedures.
Amendment history
Added by Laws 2021, c. 52, § 3, eff. July 1, 2021.
Source: view the official text
Nearby sections (25 sections)
- 3024 · Court of Tax Review
- 3025 · Powers and duties of Court - Continuances
- 3026 · Decision - Correction of appropriations and tax roll -…
- 3027 · Appeals - Finality of unappealed decision
- 3028 · Time and manner of perfecting record on appeal - Determination…
- 3029 · Mandate from Supreme Court - Correction of appropriation
- 3030 · Effect of protest - Refund of excess taxes
- 3031 · Payment and collection of taxes not affected
- 3032 · Warrants and debts prohibited during protest period - Exceptions
- 3033 · County clerk to furnish budget forms
- 3034 · Rainy day and capital reserve funds – Counties with excise board
- 3034.1 · Rainy day fund
- 3034.2 · Capital reserve fund
- 3101 · Tax lien on real property
- 3102 · Personal property tax lien - Notice - Entry on docket - Priority
- 3103 · Personal property tax lien record - Priority of liens - Release…
- 3104 · Tax warrants
- 3105 · Real property to be sold for delinquent taxes and special…
- 3105.1 · Tax liens held prior to effective date of act
- 3106 · Notice of delinquent taxes and special assessments
- 3106.1 · Renumbered as § 3127.1 of this title by Laws 1997, c. 337, §…
- 3107 · Repealed by Laws 2008, c. 82, § 8, emerg. eff. April 24, 2008
- 3108 · Repealed by Laws 2008, c. 82, § 8, emerg. eff. April 24, 2008
- 3109 · Repealed by Laws 2008, c. 82, § 8, emerg. eff. April 24, 2008
- 3110 · Repealed by Laws 2008, c. 82, § 8, emerg. eff. April 24, 2008