§ 39A. Water Infrastructure Credit Enhancement Reserve Fund
Oklahoma Statutes AnnotatedConstitution of the State of Oklahoma [Annotated]
OK Const. Art. 10, § 39A
§ 39A. Water Infrastructure Credit Enhancement Reserve Fund
A. There is hereby created within the Oklahoma Water Resources Board the Water Infrastructure Credit Enhancement Reserve Fund to be used by the Oklahoma Water Resources Board solely to secure the payment of principal, interest and premiums, if any, on bonds and other financial obligations issued or incurred to provide for the financial assistance programs as authorized in Section 39 of Article X of the Oklahoma Constitution.
C. The Oklahoma Water Resources Board is hereby authorized to issue general obligation bonds, in an amount not to exceed a cumulative total of Three Hundred Million Dollars ($300,000,000.00), for the purpose of providing for the Water Infrastructure Credit Enhancement Reserve Fund for the water resource and sewage treatment financial assistance programs for municipalities, political subdivisions and other public entities of the state provided by the Board as authorized in Section 39 of Article X of the Oklahoma Constitution.
Credits
Added by State Question No. 764, Legislative Referendum No. 361, adopted at election held Nov. 6, 2012.
OK Const. Art. 10, § 39A, OK CONST Art. 10, § 39A
Current with amendments approved through June 30, 2020.
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