Okla. Stat. tit. 74, § 74-2267
This is the official text of Okla. Stat. tit. 74, § 74-2267, part of Oklahoma’s Stat. tit. 74, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 74,." Browse the sections below, each linked to its official government source.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
Refunding bonds
Official statutory text
The Commission may issue bonds under this act for the purpose of
refunding any obligations of the Commission previously issued under
this act, or may authorize and deliver a single issue of bonds
hereunder, in part for the purpose of refunding such obligations and
in part for the acquisition of additional properties or
improvements. Where bonds are issued under this section solely for
refunding purposes, such bonds may either be sold as above provided
Oklahoma Statutes - Title 74. State Government Page 925
or delivered in exchange for the outstanding obligations. If sold,
the proceeds may be either applied to the payment of the
obligations, refunded or deposited in escrow for the retirement of
the bond obligations. Nothing contained in this act shall be
construed to authorize the refunding of any outstanding obligations
which are not either maturing, callable for redemption under their
terms or voluntarily surrendered by their holders for cancellation.
All bonds issued under this section shall in all respects be
authorized, issued, and secured in the manner provided for other
bonds issued under this act and shall have all of the attributes of
such bonds. The Commission may provide that any refunding bonds
shall have the same priority of lien on the revenues pledged for
their payment as was enjoyed by the obligations which are refunded.
refunding any obligations of the Commission previously issued under
this act, or may authorize and deliver a single issue of bonds
hereunder, in part for the purpose of refunding such obligations and
in part for the acquisition of additional properties or
improvements. Where bonds are issued under this section solely for
refunding purposes, such bonds may either be sold as above provided
Oklahoma Statutes - Title 74. State Government Page 925
or delivered in exchange for the outstanding obligations. If sold,
the proceeds may be either applied to the payment of the
obligations, refunded or deposited in escrow for the retirement of
the bond obligations. Nothing contained in this act shall be
construed to authorize the refunding of any outstanding obligations
which are not either maturing, callable for redemption under their
terms or voluntarily surrendered by their holders for cancellation.
All bonds issued under this section shall in all respects be
authorized, issued, and secured in the manner provided for other
bonds issued under this act and shall have all of the attributes of
such bonds. The Commission may provide that any refunding bonds
shall have the same priority of lien on the revenues pledged for
their payment as was enjoyed by the obligations which are refunded.
Status: in_force · Read it on the official government site
Need a lawyer in Oklahoma?
Find a Oklahoma lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.