Oklahoma Statutes (Last Updated: September 18, 2014)

§ 70-18-300. Oklahoma School Land Fund.

Latest version.

If the amendment to Section 3 of Article XI of the Constitution of the State of Oklahoma contained in Enrolled House Joint Resolution No. 1005 of the 1st Extraordinary Session of the 42nd Oklahoma Legislature is approved by the people, there is hereby created in the State Treasury a special fund to be designated the "Oklahoma School Land Fund". The fund shall consist only of those monies described in Section 3 of Article XI of the Oklahoma Constitution and apportioned to the fund by law. Monies in the fund shall be used only for the purpose of financing common education in this state through the State Aid Formula.

Added by Laws 1989, 1st Ex.Sess., c. 2, § 106, emerg. eff. April 25, 1990.

Note

NOTE: The proposed amendment to Section 3 of Article XI of the Oklahoma Constitution was defeated at special election held on June 26, 1990.

                    
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