Okla. Admin. Code § 200:10-3-2

Current through Vol. 42, No. 3, October 15, 2024

Section 200:10-3-2 - Assets of the Fund

(a)Separate funds and accounts for assets.The monies and other assets of the Fund will be maintained and accounted for as separate funds and accounts from all other monies and assets of the Authority and shall be accounted for separately in the financial statements prepared by or for the Authority [74:5063.5]

(b)Corporate trustees.The Fund will be held in the custody of one or more banks or trust companies having a principal place of business in Oklahoma pursuant to a trust agreement(s) with such institution(s). [74:5062.12]

(c)Sources of assets. Potential sources of assets for the Fund include:

(1) premiums charged for Insurance;

(2) net proceeds of the General Obligation Bonds;

(3) revenues of ODFA that are not otherwise committed or obligated for programs, operating expenses or to bonds issued by the ODFA;

(4) any gifts, grants, loans or other assets made available by the federal government, the State or any Person;

(5) interest earnings or gains from the investment of the Fund; and

(6) the proceeds of liquidation of assets, other collection efforts, or the enforcement of any secured or other rights of the Fund.

Okla. Admin. Code § 200:10-3-2