Okla. Stat. tit. 11, § 11-22-155
This is the official text of Okla. Stat. tit. 11, § 11-22-155, part of Oklahoma’s Stat. tit. 11, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 11,." Browse the sections below, each linked to its official government source.
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Submission of question of issuance of revenue
Official statutory text
obligations to finance acquisition, purchase or construction of
public utility to voters.
Prior to and as a condition precedent to issuing revenue
obligations under the Oklahoma Municipal Utility Revenue Bond Act,
the governing body of a municipality shall submit the question of
issuance of revenue obligations to finance the acquisition, purchase
or construction of a public utility or combination of public
utilities to qualified voters of the municipality at an election if:
1. The type or kind of public utility or utilities to be
financed have not heretofore been owned or operated by the
municipality or a public trust having the municipality as its
beneficiary; or
2. The question of the acquisition, construction or purchase of
the public utility or combination of utilities at issue has not been
previously approved by a lawful majority of qualified voters of the
municipality voting at an election held within ten (10) years of the
date of the election.
public utility to voters.
Prior to and as a condition precedent to issuing revenue
obligations under the Oklahoma Municipal Utility Revenue Bond Act,
the governing body of a municipality shall submit the question of
issuance of revenue obligations to finance the acquisition, purchase
or construction of a public utility or combination of public
utilities to qualified voters of the municipality at an election if:
1. The type or kind of public utility or utilities to be
financed have not heretofore been owned or operated by the
municipality or a public trust having the municipality as its
beneficiary; or
2. The question of the acquisition, construction or purchase of
the public utility or combination of utilities at issue has not been
previously approved by a lawful majority of qualified voters of the
municipality voting at an election held within ten (10) years of the
date of the election.
Status: in_force · Read it on the official government site
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