Okla. Stat. tit. 62, § 62-891.6
This is the official text of Okla. Stat. tit. 62, § 62-891.6, 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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Bonds and other obligations
Official statutory text
A. No bonds or other obligations issued by the Authority
pursuant to the provisions of the Oklahoma Community Economic
Development Pooled Finance Act shall be considered or deemed to be
general obligations of the State of Oklahoma. Such bonds or other
obligations shall be special and limited obligations the repayment
of which shall be derived exclusively from the revenues accruing to
the credit of the Community Economic Development Pooled Finance
Revolving Fund created pursuant to Section 15 of this act.
B. The obligations issued by the Authority pursuant to this act
shall have a maximum maturity of twenty-five (25) years.
C. The average coupon rate for any obligations issued by the
Authority pursuant to this act shall not exceed fourteen percent
(14%) per annum.
pursuant to the provisions of the Oklahoma Community Economic
Development Pooled Finance Act shall be considered or deemed to be
general obligations of the State of Oklahoma. Such bonds or other
obligations shall be special and limited obligations the repayment
of which shall be derived exclusively from the revenues accruing to
the credit of the Community Economic Development Pooled Finance
Revolving Fund created pursuant to Section 15 of this act.
B. The obligations issued by the Authority pursuant to this act
shall have a maximum maturity of twenty-five (25) years.
C. The average coupon rate for any obligations issued by the
Authority pursuant to this act shall not exceed fourteen percent
(14%) per annum.
Status: in_force · Read it on the official government site
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