TITLE 7
FINANCE AND TAXATION
CHAPTER 1
FINANCE AND BUDGET ADMINISTRATION
SECTION:
7-101: Depositories Designated; Funds To Be Deposited
7-102: Funds Secured By Unit Collateral System
7-103: Contractual Services Defined For Purchasing
7-104: Purchases; How Made
7-105: When Prior Approval By The Council Is Required
7-106: Competitive Bidding
7-107: When Competitive Bidding For Purchases Is Not Required
7-108: Sales; Council To Declare Surplus Or Obsolete; Competitive Bidding
7-109: When Competitive Bidding For Sales Is Not Required
7-101: DEPOSITORIES DESIGNATED; FUNDS TO BE DEPOSITED:
All national or State banks and all savings and loan associations of the State are hereby designated as depositories for the funds of the City. The City Treasurer shall deposit daily all public funds received by him in such banks or savings and loan associations. Such institutions where such funds are deposited shall be required to meet the requirements of State law as depositories for public funds and such deposits shall be secured as set forth in section 7-102 of this chapter. (2000 Code § 7-101)
7-102: FUNDS SECURED BY UNIT COLLATERAL SYSTEM:
The deposits of the City shall be secured by the unit collateral system provided by the Oklahoma Statutes. (2000 Code § 7-102)
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