Okla. Stat. tit. 62, § 62-57.308
This is the official text of Okla. Stat. tit. 62, § 62-57.308, part of Oklahoma’s Stat. tit. 62, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 62,." Browse the sections below, each linked to its official government source.
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Maximizing college savings bond program
Official statutory text
Oklahoma Statutes - Title 62. Public Finance Page 286
It is the intent of the Oklahoma Legislature that an amount not
to exceed One Hundred Million Dollars ($100,000,000.00) of any issue
of bonds pursuant to this act should be structured so as to maximize
a college savings bond program to benefit Oklahoma families. For
this purpose, the Commission may authorize by a majority vote the
sale of college savings bonds at any discount. In no event shall
the purchaser of any bonds issued by the Commission receive any
fees, compensation or other remuneration in excess of four percent
(4%) of the price paid for such bonds by the purchaser of such bonds
from the Commission. The college savings bonds issued by the
Commission may be issued in amounts and denominations as may be
provided by resolution or indenture of the Commission to make such
college savings bonds available to all citizens of the state. The
Commission is directed to provide adequate statewide publicity of
the availability of such college savings bonds. The State Board of
Education and the Oklahoma State Regents for Higher Education shall
cooperate with the Commission to apprise parents of students in the
public schools of this state of the sale of such bonds.
It is the intent of the Oklahoma Legislature that an amount not
to exceed One Hundred Million Dollars ($100,000,000.00) of any issue
of bonds pursuant to this act should be structured so as to maximize
a college savings bond program to benefit Oklahoma families. For
this purpose, the Commission may authorize by a majority vote the
sale of college savings bonds at any discount. In no event shall
the purchaser of any bonds issued by the Commission receive any
fees, compensation or other remuneration in excess of four percent
(4%) of the price paid for such bonds by the purchaser of such bonds
from the Commission. The college savings bonds issued by the
Commission may be issued in amounts and denominations as may be
provided by resolution or indenture of the Commission to make such
college savings bonds available to all citizens of the state. The
Commission is directed to provide adequate statewide publicity of
the availability of such college savings bonds. The State Board of
Education and the Oklahoma State Regents for Higher Education shall
cooperate with the Commission to apprise parents of students in the
public schools of this state of the sale of such bonds.
Status: in_force · Read it on the official government site
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