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§ 159.1. Payment of funds in advance of bond issuance--Deposit and use of funds

Oklahoma Statutes AnnotatedTitle 73. State Capital and Capitol Building

Oklahoma Statutes Annotated
Title 73. State Capital and Capitol Building (Refs & Annos)
Chapter 6. Oklahoma Capitol Improvement Authority
General Provisions (Refs & Annos)
73 Okl.St.Ann. § 159.1
§ 159.1. Payment of funds in advance of bond issuance--Deposit and use of funds
Currentness
In the event a state agency has or receives appropriated or other funds to be applied to a project subject to a bond issuance, the agency may pay the funds to the Oklahoma Capitol Improvement Authority in advance of the bond issuance. The Authority shall deposit the funds in an interest-bearing account with the Office of the State Treasurer and use the funds and the interest on the funds to:
1. Pay other bond expenses of the issuance;
2. Pay for expenses related to the bond project;
3. Reduce the total bond debt service; or
4. Reduce the size of the required issuance.

Credits

Laws 2008, c. 379, § 1, emerg. eff. June 3, 2008.
73 Okl. St. Ann. § 159.1, OK ST T. 73 § 159.1
Current with emergency effective legislation through Chapter 257 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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