Okla. Stat. tit. 73, § 73-159.1
This is the official text of Okla. Stat. tit. 73, § 73-159.1, part of Oklahoma’s Stat. tit. 73, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 73,." Browse the sections below, each linked to its official government source.
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Payment of funds in advance of bond issuance - Deposit
Official statutory text
and use of funds.
In the event a state agency has or receives appropriated or
other funds to be applied to a project subject to a bond issuance,
the agency may pay the funds to the Oklahoma Capitol Improvement
Authority in advance of the bond issuance. The Authority shall
deposit the funds in an interest-bearing account with the Office of
the State Treasurer and use the funds and the interest on the funds
to:
1. Pay other bond expenses of the issuance;
2. Pay for expenses related to the bond project;
3. Reduce the total bond debt service; or
4. Reduce the size of the required issuance.
In the event a state agency has or receives appropriated or
other funds to be applied to a project subject to a bond issuance,
the agency may pay the funds to the Oklahoma Capitol Improvement
Authority in advance of the bond issuance. The Authority shall
deposit the funds in an interest-bearing account with the Office of
the State Treasurer and use the funds and the interest on the funds
to:
1. Pay other bond expenses of the issuance;
2. Pay for expenses related to the bond project;
3. Reduce the total bond debt service; or
4. Reduce the size of the required issuance.
Status: in_force · Read it on the official government site
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