Okla. Stat. tit. 70, § 70-695.12
This is the official text of Okla. Stat. tit. 70, § 70-695.12, 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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Repayments to Student Loan Sinking Fund
Official statutory text
All money received by the Oklahoma Student Loan Authority as
repayment of student loans granted under the Oklahoma Student Loan
Act and interest on the loans shall be credited to the "Student Loan
Sinking Fund" of the Authority. The resolution authorizing the
issuance of the bonds may provide for deposit from bond proceeds of
not to exceed twenty-four (24) months' interest, and may provide for
use of bond proceeds as a reserve for the payment of principal and
interest on the bonds. The Authority shall pay or cause to be paid
from the "Student Loan Sinking Fund" the principal and interest on
the bonds as they mature and come due.
repayment of student loans granted under the Oklahoma Student Loan
Act and interest on the loans shall be credited to the "Student Loan
Sinking Fund" of the Authority. The resolution authorizing the
issuance of the bonds may provide for deposit from bond proceeds of
not to exceed twenty-four (24) months' interest, and may provide for
use of bond proceeds as a reserve for the payment of principal and
interest on the bonds. The Authority shall pay or cause to be paid
from the "Student Loan Sinking Fund" the principal and interest on
the bonds as they mature and come due.
Status: in_force · Read it on the official government site
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