Okla. Stat. tit. 70, § 70-9-112
This is the official text of Okla. Stat. tit. 70, § 70-9-112, 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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Lease of equipment
Official statutory text
Any such eligible school district and the State Board of
Education may enter into a lease contract, in writing, for the use
by such school district of one or more of such pupil-transportation
equipment units during the then current fiscal year, at the annual
rental value of such unit or units determined in the manner provided
for herein, but which contract may be entered into only against a
then current item of appropriation for "Transportation Operation."
Oklahoma Statutes - Title 70. Schools Page 510
Any school district which lawfully leases one or more of such pupil-
transportation equipment units from the State Board of Education
during any fiscal year shall be eligible to enter into a like
contract for the same unit or units during and for the ensuing
fiscal year, and shall also be eligible to purchase the same such
units, as provided for herein, even though such district then has
sufficient funds available or may then legally issue its bonds for
the purchase of other pupil-transportation equipment.
Education may enter into a lease contract, in writing, for the use
by such school district of one or more of such pupil-transportation
equipment units during the then current fiscal year, at the annual
rental value of such unit or units determined in the manner provided
for herein, but which contract may be entered into only against a
then current item of appropriation for "Transportation Operation."
Oklahoma Statutes - Title 70. Schools Page 510
Any school district which lawfully leases one or more of such pupil-
transportation equipment units from the State Board of Education
during any fiscal year shall be eligible to enter into a like
contract for the same unit or units during and for the ensuing
fiscal year, and shall also be eligible to purchase the same such
units, as provided for herein, even though such district then has
sufficient funds available or may then legally issue its bonds for
the purchase of other pupil-transportation equipment.
Status: in_force · Read it on the official government site
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