Okla. Stat. tit. 62, § 62-878
This is the official text of Okla. Stat. tit. 62, § 62-878, 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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Use of bond proceeds
Official statutory text
A. Any municipality or county which has established a rural
housing incentive district may use the proceeds of special
obligation bonds issued under Section 8 of this act, or any
uncommitted funds derived from those sources of revenue set forth in
subsection A of Section 8 of this act, to implement specific
projects identified within the rural housing incentive district
project plan including, without limitation:
1. Acquisition of property within the specific project area or
areas as provided in Section 7 of this act;
2. Payment of relocation assistance;
3. Site preparation;
4. Sanitary and storm sewers and lift stations;
5. Drainage conduits, channels and levees;
6. Street grading, paving, graveling, macadamizing, curbing,
guttering and surfacing;
7. Street lighting fixtures, connection and facilities;
8. Underground gas, water, heat, and electrical services and
connections located within the public right-of-way;
9. Sidewalks; and
10. Water mains and extensions.
B. None of the proceeds from the sale of special obligation
bonds issued under Section 8 of this act shall be used for the
construction of buildings or other structures to be owned by or to
be leased to any developer of a residential housing project within
the district.
housing incentive district may use the proceeds of special
obligation bonds issued under Section 8 of this act, or any
uncommitted funds derived from those sources of revenue set forth in
subsection A of Section 8 of this act, to implement specific
projects identified within the rural housing incentive district
project plan including, without limitation:
1. Acquisition of property within the specific project area or
areas as provided in Section 7 of this act;
2. Payment of relocation assistance;
3. Site preparation;
4. Sanitary and storm sewers and lift stations;
5. Drainage conduits, channels and levees;
6. Street grading, paving, graveling, macadamizing, curbing,
guttering and surfacing;
7. Street lighting fixtures, connection and facilities;
8. Underground gas, water, heat, and electrical services and
connections located within the public right-of-way;
9. Sidewalks; and
10. Water mains and extensions.
B. None of the proceeds from the sale of special obligation
bonds issued under Section 8 of this act shall be used for the
construction of buildings or other structures to be owned by or to
be leased to any developer of a residential housing project within
the district.
Status: in_force · Read it on the official government site
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