Okla. Stat. tit. 70, § 70-15-203
This is the official text of Okla. Stat. tit. 70, § 70-15-203, part of Oklahoma’s Stat. tit. 70, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 70,." Browse the sections below, each linked to its official government source.
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Restriction on guarantee of bonds
Official statutory text
The Commissioners shall not approve bonds for guarantee if the
approval would result in the total amount of outstanding guaranteed
bonds to exceed an amount equal to twice the cost value or twice the
market value of the assets of the permanent school fund whichever is
lower, exclusive of real estate as calculated by the annual audit of
the Commissioners of the Land Office.
approval would result in the total amount of outstanding guaranteed
bonds to exceed an amount equal to twice the cost value or twice the
market value of the assets of the permanent school fund whichever is
lower, exclusive of real estate as calculated by the annual audit of
the Commissioners of the Land Office.
Status: in_force · Read it on the official government site
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