By order of the director of the Oklahoma Wheat Utilization, Research and Market Development Commission, with approval of the members of the Commission, any of the monies in the Wheat Utilization, Research and Market Development Commission Revolving Fund may be invested in securities of the state or federal government. The monies may also be deposited in certificates of deposit or in savings accounts or certificates of any bank, trust company or savings and loan association insured by a federal agency. These securities, certificates of deposit, savings accounts or savings certificates shall be placed in the care of the State Treasurer, who shall collect the principal and interest when due and pay both into the Oklahoma Wheat Utilization, Research and Market Development Commission Revolving Fund.

Historical Data

Laws 1981, SB 245, c. 46, § 1, emerg. eff. July 1, 1981; Amended by Laws 2001, HB 1378, c. 146, § 34, emerg. eff. April 30, 2001 (superseded document available); Renumbered from 2 O.S. § 1036.1 by Laws 2001, HB 1378, c.146, § 250, emerg. eff. April 30, 2001..