§ 802. Definitions
Oklahoma Statutes AnnotatedTitle 62. Public FinanceEffective: [See Text Amendments] to October 31, 2022
Effective: [See Text Amendments] to October 31, 2022
62 Okl.St.Ann. § 802
§ 802. Definitions
As used in the Municipal and County Economic and Community Development Bonds Act:
2. “Annual maturing principal plus interest shall be as nearly equal as practicable throughout the term of the issue” means that the total annual or fiscal year debt service, except for short periods, must be approximately equal for every annual or fiscal period, provided each net annual or fiscal year debt service payment in relation to all other net annual or fiscal year payments must be made within a dollar amount range not to exceed twice the stated denomination of the bonds;
f. redevelopment programs, including the acquisition of real property in a designated blighted area and the rehabilitation of such property, the clearing and preparation of land for redevelopment, the transfer of interests in the property to nongovernmental persons for fair market value, and the relocation of occupants of the real property acquired,
i. public infrastructure facilities, including highways, roads, streets, bridges, sewers, traffic control systems and devices, telecommunications systems, wastewater and water distribution and supply systems, curbing, sidewalks and any similar public improvements, gas and electric production, distribution and transmission facilities, common utility or service facilities, landscaping, parking, and water detention/retention systems, and
Credits
Laws 1991, c. 142, § 3, emerg. eff. May 1, 1991; Laws 2003, c. 433, § 3, eff. July 1, 2003; Laws 2009, c. 369, § 3, eff. July 1, 2009.
62 Okl. St. Ann. § 802, OK ST T. 62 § 802
Current with emergency effective legislation through Chapter 106 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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