Okla. Stat. tit. 70, § 70-23-120
This is the official text of Okla. Stat. tit. 70, § 70-23-120, 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.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
Bond application may be filed with Oklahoma Supreme
Official statutory text
Court.
The Authority is authorized in its discretion to file an
application with the Supreme Court of Oklahoma for the approval of
any bonds to be issued thereunder, and exclusive original
jurisdiction is hereby conferred upon the Supreme Court to hear and
determine each such application. It shall be the duty of the Court
to consider and pass upon the applications and any protests which
may be filed thereto as speedily as possible. Notice of the hearing
on each application shall be given by notice published in a
newspaper of general circulation in the state that on a day named
the Authority will ask the Court to hear its application and approve
the bonds. Such notice shall inform all persons interested that
they may file protests against the issuance of the bonds and be
present at the hearing and contest the legality thereof. Such
notice shall be published one time not less than ten (10) days prior
to the date named for the hearing and the hearing may be adjourned
from time to time in the discretion of the Court. If the Court
shall be satisfied that the bonds have been properly authorized in
accordance with this article and that when issued, they will
constitute valid obligations in accordance with their terms, the
Court shall render its written opinion approving the bonds and shall
fix the time within which a petition for rehearing may be filed. The
decision of the Court shall be a judicial determination of the
validity of the bonds, shall be conclusive as to the Authority, its
officers and agents, and thereafter the bonds so approved and the
revenues pledged to their payment shall be incontestable in any
court in the State of Oklahoma.
The Authority is authorized in its discretion to file an
application with the Supreme Court of Oklahoma for the approval of
any bonds to be issued thereunder, and exclusive original
jurisdiction is hereby conferred upon the Supreme Court to hear and
determine each such application. It shall be the duty of the Court
to consider and pass upon the applications and any protests which
may be filed thereto as speedily as possible. Notice of the hearing
on each application shall be given by notice published in a
newspaper of general circulation in the state that on a day named
the Authority will ask the Court to hear its application and approve
the bonds. Such notice shall inform all persons interested that
they may file protests against the issuance of the bonds and be
present at the hearing and contest the legality thereof. Such
notice shall be published one time not less than ten (10) days prior
to the date named for the hearing and the hearing may be adjourned
from time to time in the discretion of the Court. If the Court
shall be satisfied that the bonds have been properly authorized in
accordance with this article and that when issued, they will
constitute valid obligations in accordance with their terms, the
Court shall render its written opinion approving the bonds and shall
fix the time within which a petition for rehearing may be filed. The
decision of the Court shall be a judicial determination of the
validity of the bonds, shall be conclusive as to the Authority, its
officers and agents, and thereafter the bonds so approved and the
revenues pledged to their payment shall be incontestable in any
court in the State of Oklahoma.
Status: in_force · Read it on the official government site
Need a lawyer in Oklahoma?
Find a Oklahoma lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.