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§ 891.15. Community Economic Development Pooled Finance Revolving Fund

Oklahoma Statutes AnnotatedTitle 62. Public FinanceEffective: November 1, 2019

Oklahoma Statutes Annotated
Title 62. Public Finance (Refs & Annos)
Chapter 9. Development Incentives (Refs & Annos)
Oklahoma Community Economic Development Pooled Finance Act
Effective: November 1, 2019
62 Okl.St.Ann. § 891.15
§ 891.15. Community Economic Development Pooled Finance Revolving Fund
There is hereby created in the State Treasury a revolving fund for the Oklahoma Development Finance Authority to be designated the “Community Economic Development Pooled Finance Revolving Fund”. The fund shall be a continuing fund, not subject to fiscal year limitations, and shall consist of all monies received by the Oklahoma Development Finance Authority from revenues derived from levies imposed by counties, cities, towns or combinations of such local governmental entities as provided by this act in addition to any withholding tax revenues as provided by Section 891.12 of this title or Section 5 of this act.1 All monies accruing to the credit of said fund are hereby appropriated and may be budgeted and expended by the Oklahoma Development Finance Authority for the purpose of paying principal, interest and other costs of borrowing by the Authority as authorized by this act. Expenditures from said fund shall be made upon warrants issued by the State Treasurer against claims filed as prescribed by law with the Director of the Office of Management and Enterprise Services for approval and payment.

Credits

Laws 2009, c. 309, § 15, eff. July 1, 2009; Laws 2012, c. 304, § 468; Laws 2019, c. 260, § 2, eff. Nov. 1, 2019.

Footnotes

Title 62, § 891.18.
62 Okl. St. Ann. § 891.15, OK ST T. 62 § 891.15
Current with emergency effective legislation through Chapter 182 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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