Okla. Stat. tit. 70, § 70-4014
This is the official text of Okla. Stat. tit. 70, § 70-4014, 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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Statement of Essential Facts
Official statutory text
For each of the proposed bond issues to be issued pursuant to
Sections 4001 through 4014, Title 70 of the Oklahoma Statutes, a
Statement of Essential Facts shall be prepared by the issuing Board
of Regents for the use and information of prospective bond
purchasers. It shall be the duty of the Oklahoma State Regents for
Higher Education to examine such Statement of Essential Facts and
determine that, based upon such facts and projections, the projected
revenue will satisfy the financial obligation to be incurred under
Oklahoma Statutes - Title 70. Schools Page 1628
the proposed bond issue. If the facts are found by the State
Regents to be substantially accurate and if the State Regents find
that, based upon such facts and projections, the projected revenue
will satisfy the financial obligation to be incurred under the
proposed bond issue, then the Oklahoma State Regents for Higher
Education shall certify such to the Attorney General of Oklahoma
before the proposed bond issue can be approved by the Attorney
General. The certificate shall be made in substantially the
following form:
The Oklahoma State Regents for Higher Education do hereby
certify that the provisions of Section 4014, Title 70 of the
Oklahoma Statutes have been complied with in proper order, for the
revenue bond issue mentioned above.
Sections 4001 through 4014, Title 70 of the Oklahoma Statutes, a
Statement of Essential Facts shall be prepared by the issuing Board
of Regents for the use and information of prospective bond
purchasers. It shall be the duty of the Oklahoma State Regents for
Higher Education to examine such Statement of Essential Facts and
determine that, based upon such facts and projections, the projected
revenue will satisfy the financial obligation to be incurred under
Oklahoma Statutes - Title 70. Schools Page 1628
the proposed bond issue. If the facts are found by the State
Regents to be substantially accurate and if the State Regents find
that, based upon such facts and projections, the projected revenue
will satisfy the financial obligation to be incurred under the
proposed bond issue, then the Oklahoma State Regents for Higher
Education shall certify such to the Attorney General of Oklahoma
before the proposed bond issue can be approved by the Attorney
General. The certificate shall be made in substantially the
following form:
The Oklahoma State Regents for Higher Education do hereby
certify that the provisions of Section 4014, Title 70 of the
Oklahoma Statutes have been complied with in proper order, for the
revenue bond issue mentioned above.
Status: in_force · Read it on the official government site
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