Okla. Stat. tit. 70, § 70-9011
This is the official text of Okla. Stat. tit. 70, § 70-9011, 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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Bond proceeds – Authorized expenditures – Final
Official statutory text
authority.
A. Proceeds from bonds or other evidence of indebtedness issued
by the higher education funding district may be expended on such
assets as authorized by the provisions of the Internal Revenue Code
of 1986, as amended, or other provisions of federal or state law
based on whether the interest income paid to bondholders is exempt
from federal or state income tax.
B. Final maturity of any obligation issued by the higher
education funding district shall not exceed twenty-five (25) years.
C. Bonds or other evidence of indebtedness issued by a higher
education funding district may be sold using such procedures as may
be established by the board of regents of the institution for whose
benefit the higher education funding district has been created.
A. Proceeds from bonds or other evidence of indebtedness issued
by the higher education funding district may be expended on such
assets as authorized by the provisions of the Internal Revenue Code
of 1986, as amended, or other provisions of federal or state law
based on whether the interest income paid to bondholders is exempt
from federal or state income tax.
B. Final maturity of any obligation issued by the higher
education funding district shall not exceed twenty-five (25) years.
C. Bonds or other evidence of indebtedness issued by a higher
education funding district may be sold using such procedures as may
be established by the board of regents of the institution for whose
benefit the higher education funding district has been created.
Status: in_force · Read it on the official government site
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