§ 695.23. Definitions
Oklahoma Statutes AnnotatedTitle 62. Public FinanceEffective: November 1, 2019
Effective: November 1, 2019
62 Okl.St.Ann. § 695.23
§ 695.23. Definitions
As used in the Oklahoma Private Activity Bond Allocation Act:
2. “Beginning Agricultural Producer Pool” means the portion of the state ceiling reserved for bonds relating to the Oklahoma Beginning Agricultural Producer Pool Act;1
3. “Carryforward” shall have the same meaning as in Section 146(f) of the Internal Revenue Code;2
7. “Exempt facility bonds” means exempt facility bonds as defined in Section 142(a) of the Internal Revenue Code;3
9. “Final certification” or “final certificate” means a certification or certificate filed with the Deputy Treasurer for Debt Management by or on behalf of the issuer specifying the exact amount of indebtedness issued by an issuer, or, in the case of mortgage credit certificates, a copy of the document or election filed with the Internal Revenue Service exchanging bond issuance authority for mortgage credit certificate issuance authority;
11. “Issued” means any issue of bonds which have been delivered and the purchase price therefor remitted to or for the account of the issuer, or a copy of the document or election filed with the Internal Revenue Service exchanging bond issuance authority for mortgage credit certificate issuance authority;
12. “Issuer” or “issuing authority” means any public trust or other entity which is authorized to issue tax-exempt bonds, notes and other like obligations, or has the authority to exchange single-family mortgage bond authority for mortgage credit certificate authority, under the Constitution or laws of the state;
17. “Mortgage credit certificates” shall have the same meaning as in Section 25(c) of the Internal Revenue Code;4
19. “Private activity bonds” or “bonds” means any bonds or notes or other evidence of indebtedness, the interest on which is exempt from tax pursuant to the Internal Revenue Code, and mortgage credit certificates, except those bonds or certificates specifically excluded from the state ceiling under the terms of federal legislation;
20. “Qualified small issue” used in the context of “bond” or “bonds” or the “Qualified Small Issue Pool” shall have the meaning as in Section 144(a) of the Internal Revenue Code;5
27. “State issuer” means any public trust having the state as beneficiary or any state agency or other entity with powers to issue private activity bonds, provided that the term shall not include a public trust or any local issuer with the state as beneficiary whose jurisdiction is limited to one county;
Credits
Laws 1990, c. 326, § 3, emerg. eff. May 30, 1990; Laws 1993, c. 233, § 5, eff. July 1, 1993; Laws 1998, c. 129, § 1, eff. Jan. 1, 1999; Laws 1998, c. 400, § 3, eff. Jan. 1, 1999; Laws 2004, c. 380, § 1, eff. Jan. 1, 2005; Laws 2019, c. 53, § 8, eff. Nov. 1, 2019.
Footnotes
Title 74, § 5063.21 et seq.
26 U.S.C.A. § 146.
26 U.S.C.A. § 142
26 U.S.C.A. § 25.
26 U.S.C.A. § 144.
62 Okl. St. Ann. § 695.23, OK ST T. 62 § 695.23
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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