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§ 3656. Use of Credit Enhancement Reserve Fund for issuance of obligations

Oklahoma Statutes AnnotatedTitle 68. Revenue and Taxation

Oklahoma Statutes Annotated
Title 68. Revenue and Taxation (Refs & Annos)
Chapter 1. Tax Codes (Refs & Annos)
Article 36b. Oklahoma Quality Jobs Incentive Leverage Act
68 Okl.St.Ann. § 3656
§ 3656. Use of Credit Enhancement Reserve Fund for issuance of obligations
Currentness
A. The Oklahoma Development Finance Authority may use the Credit Enhancement Reserve Fund in order to obtain favorable financing terms for the issuance of obligations authorized by Section 3654 of this title. The commitment from the Credit Enhancement Reserve Fund for any such obligations shall not exceed Ten Million Dollars ($10,000,000.00).
B. For purposes of the issuance authorized by Section 3654 of this title, the provisions of Section 5063.4c of Title 74 of the Oklahoma Statutes shall not be applicable.

Credits

Laws 2002, c. 299, § 6, emerg. eff. May 23, 2002; Laws 2008, c. 182, § 5, eff. Nov. 1, 2008.
68 Okl. St. Ann. § 3656, OK ST T. 68 § 3656
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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