Okla. Stat. tit. 11, § 11-25-105
This is the official text of Okla. Stat. tit. 11, § 11-25-105, 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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Application of act
Official statutory text
Oklahoma Statutes - Title 11. Cities and Towns Page 232
A. The Oklahoma Municipal Energy Independence Act shall apply
to developed property located within the borders of the municipality
on which property taxes are paid and on which the owners of the
property are current in the payment of the property taxes.
B. The trustees of a municipal energy district authority may
enter into an agreement with a county to collect repayment of any
loan made pursuant to the Oklahoma Municipal Energy Independence Act
upon such terms as may be agreed to by the property owner and the
municipal energy district authority.
C. Any loan made pursuant to the Oklahoma Municipal Energy
Independence Act shall constitute a lien on the property which is
the subject of the loan only upon the recording of a mortgage
covering the property in the office of the county clerk. Any
mortgage securing a loan shall be junior and inferior to all
previously recorded liens or mortgages of any kind. The exclusive
method of enforcing a lien for failure to repay any loan made
pursuant to the Oklahoma Municipal Energy Independence Act shall be
by judicial or nonjudicial foreclosure as provided by law.
D. Only appliances or energy-efficient improvements that are
permanently affixed to the property shall be eligible for financing
pursuant to the Oklahoma Municipal Energy Independence Act.
A. The Oklahoma Municipal Energy Independence Act shall apply
to developed property located within the borders of the municipality
on which property taxes are paid and on which the owners of the
property are current in the payment of the property taxes.
B. The trustees of a municipal energy district authority may
enter into an agreement with a county to collect repayment of any
loan made pursuant to the Oklahoma Municipal Energy Independence Act
upon such terms as may be agreed to by the property owner and the
municipal energy district authority.
C. Any loan made pursuant to the Oklahoma Municipal Energy
Independence Act shall constitute a lien on the property which is
the subject of the loan only upon the recording of a mortgage
covering the property in the office of the county clerk. Any
mortgage securing a loan shall be junior and inferior to all
previously recorded liens or mortgages of any kind. The exclusive
method of enforcing a lien for failure to repay any loan made
pursuant to the Oklahoma Municipal Energy Independence Act shall be
by judicial or nonjudicial foreclosure as provided by law.
D. Only appliances or energy-efficient improvements that are
permanently affixed to the property shall be eligible for financing
pursuant to the Oklahoma Municipal Energy Independence Act.
Status: in_force · Read it on the official government site
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