§ 357. Rate of interest on funding or refunding bonds--Period elapsing before refund
Oklahoma Statutes AnnotatedTitle 62. Public Finance
62 Okl.St.Ann. § 357
§ 357. Rate of interest on funding or refunding bonds--Period elapsing before refund
Funding or refunding bonds of a county, city, town, township, board of education or school district issued under existing laws may not bear a greater rate of interest than the indebtedness which is funded or refunded, or may bear such rate or rates of interest which shall not constitute a greater overall interest cost existing on indebtedness which is funded or refunded. Provided that no bonded and/or interest coupon indebtedness shall be refunded except such as have been issued and outstanding at least one (1) year at the time of such refunding.
Credits
Laws 1947, p. 394, § 1, emerg. eff. May 16, 1947.
62 Okl. St. Ann. § 357, OK ST T. 62 § 357
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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