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§ 891.6. Bonds and other obligations

Oklahoma Statutes AnnotatedTitle 62. Public Finance

Oklahoma Statutes Annotated
Title 62. Public Finance (Refs & Annos)
Chapter 9. Development Incentives (Refs & Annos)
Oklahoma Community Economic Development Pooled Finance Act
62 Okl.St.Ann. § 891.6
§ 891.6. Bonds and other obligations
Currentness
A. No bonds or other obligations issued by the Authority pursuant to the provisions of the Oklahoma Community Economic Development Pooled Finance Act shall be considered or deemed to be general obligations of the State of Oklahoma. Such bonds or other obligations shall be special and limited obligations the repayment of which shall be derived exclusively from the revenues accruing to the credit of the Community Economic Development Pooled Finance Revolving Fund created pursuant to Section 15 of this act.
B. The obligations issued by the Authority pursuant to this act shall have a maximum maturity of twenty-five (25) years.
C. The average coupon rate for any obligations issued by the Authority pursuant to this act shall not exceed fourteen percent (14%) per annum.

Credits

Laws 2009, c. 309, § 6, eff. July 1, 2009.
62 Okl. St. Ann. § 891.6, OK ST T. 62 § 891.6
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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