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§ 878. Use of bond proceeds

Oklahoma Statutes AnnotatedTitle 62. Public Finance

Oklahoma Statutes Annotated
Title 62. Public Finance (Refs & Annos)
Chapter 9. Development Incentives (Refs & Annos)
Oklahoma Rural Housing Incentive District Act
62 Okl.St.Ann. § 878
§ 878. Use of bond proceeds
Currentness
A. Any municipality or county which has established a rural housing incentive district may use the proceeds of special obligation bonds issued under Section 8 of this act,1 or any uncommitted funds derived from those sources of revenue set forth in subsection A of Section 8 of this act, to implement specific projects identified within the rural housing incentive district project plan including, without limitation:
1. Acquisition of property within the specific project area or areas as provided in Section 7 of this act;2
2. Payment of relocation assistance;
3. Site preparation;
4. Sanitary and storm sewers and lift stations;
5. Drainage conduits, channels and levees;
6. Street grading, paving, graveling, macadamizing, curbing, guttering and surfacing;
7. Street lighting fixtures, connection and facilities;
8. Underground gas, water, heat, and electrical services and connections located within the public right-of-way;
9. Sidewalks; and
10. Water mains and extensions.
B. None of the proceeds from the sale of special obligation bonds issued under Section 8 of this act shall be used for the construction of buildings or other structures to be owned by or to be leased to any developer of a residential housing project within the district.

Credits

Laws 1999, c. 140, § 9, eff. Nov. 1, 1999.

Footnotes

1
Title 62, § 877.
2
Title 62, § 876.
62 Okl. St. Ann. § 878, OK ST T. 62 § 878
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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