Okla. Stat. tit. 69, § 69-403
This is the official text of Okla. Stat. tit. 69, § 69-403, part of Oklahoma’s Stat. tit. 69, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 69,." Browse the sections below, each linked to its official government source.
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State Infrastructure Bank
Official statutory text
A. The Transportation Commission is hereby authorized to create
a "State Infrastructure Bank", pursuant to the federal National
Highway System Designation Act of 1995 and the Transportation
Infrastructure Finance and Innovation Act of 1998, for the purpose
of pooling available federal, private and state appropriated or
revolving fund monies or credit assistance specifically authorized
Oklahoma Statutes - Title 69. Roads, Bridges, and Ferries Page 48
by the Legislature for such use. The Commission shall be the
instrumentality to make application to the Federal Highway
Administration for the capitalization grant which is to be placed in
the State Infrastructure Bank. The Commission shall be the
instrumentality to submit a Letter of Interest to the Federal
Highway Administration for credit assistance pursuant to the
Transportation Infrastructure Finance and Innovation Act of 1998.
The Commission shall adopt all rules necessary to implement and
effectuate the provisions of this act.
B. The State Infrastructure Bank authorized by this section may
be utilized by the various counties of Oklahoma for pooling
available federal, private and state appropriated or revolving fund
monies or credit assistance specifically authorized by the
Legislature for capital improvements. The various counties of
Oklahoma are authorized to receive and repay monies from the
Department of Transportation revolving fund designated as the "State
Infrastructure Bank Revolving Fund" for the purpose specifically
authorized by the Legislature.
C. The Transportation Commission shall be authorized to make
loans from the State Infrastructure Bank to qualified applicants as
provided in this act in order to implement the provisions of the
National Highway System Designation Act of 1995 and the
Transportation Infrastructure Finance and Innovation Act of 1998.
a "State Infrastructure Bank", pursuant to the federal National
Highway System Designation Act of 1995 and the Transportation
Infrastructure Finance and Innovation Act of 1998, for the purpose
of pooling available federal, private and state appropriated or
revolving fund monies or credit assistance specifically authorized
Oklahoma Statutes - Title 69. Roads, Bridges, and Ferries Page 48
by the Legislature for such use. The Commission shall be the
instrumentality to make application to the Federal Highway
Administration for the capitalization grant which is to be placed in
the State Infrastructure Bank. The Commission shall be the
instrumentality to submit a Letter of Interest to the Federal
Highway Administration for credit assistance pursuant to the
Transportation Infrastructure Finance and Innovation Act of 1998.
The Commission shall adopt all rules necessary to implement and
effectuate the provisions of this act.
B. The State Infrastructure Bank authorized by this section may
be utilized by the various counties of Oklahoma for pooling
available federal, private and state appropriated or revolving fund
monies or credit assistance specifically authorized by the
Legislature for capital improvements. The various counties of
Oklahoma are authorized to receive and repay monies from the
Department of Transportation revolving fund designated as the "State
Infrastructure Bank Revolving Fund" for the purpose specifically
authorized by the Legislature.
C. The Transportation Commission shall be authorized to make
loans from the State Infrastructure Bank to qualified applicants as
provided in this act in order to implement the provisions of the
National Highway System Designation Act of 1995 and the
Transportation Infrastructure Finance and Innovation Act of 1998.
Status: in_force · Read it on the official government site
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