§ 891.7. Infrastructure Pool
Oklahoma Statutes AnnotatedTitle 62. Public Finance
62 Okl.St.Ann. § 891.7
§ 891.7. Infrastructure Pool
B. The Authority shall be authorized to issue its obligations in order to provide net proceeds on a pooled basis not to exceed One Hundred Million Dollars ($100,000,000.00) for the Infrastructure Pool. The Authority shall be authorized to issue obligations within the limit prescribed by this subsection based upon the defeasance of previously issued obligations.
D. Sixty-five percent (65%) of the net proceeds from the Infrastructure Pool shall be used by the Authority for the benefit of eligible local government entities the population of which, according to the most recent Federal Decennial Census, does not exceed three hundred thousand (300,000) persons for any participating municipality.
Credits
Laws 2009, c. 309, § 7, eff. July 1, 2009; Laws 2010, c. 285, § 1; Laws 2013, c. 179, § 2, eff. Nov. 1, 2013.
62 Okl. St. Ann. § 891.7, OK ST T. 62 § 891.7
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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