Acceptance and disbursement of federal funds - Liability of State Treasurer. The Commission shall have authority to use any money in the State Highway Construction and Maintenance Fund to carry out the provisions of this article. Whenever the Commission contracts as the agent of the Bureau of Public Roads, it shall be authorized to accept and receive federal funds for disbursement in the discharge of the obligation of such contracts, and to deposit same in a special account in the State Treasury, and to disburse the same in such manner as may be approved by the Bureau of Public Roads. The State Treasurer and his bondsmen shall be liable for any such federal funds so deposited by the Commission.
‹ Prev All Oklahoma sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.