Okla. Stat. tit. 74, § 74-3913

etc. - Revenue bonds - Actions and judicial proceedings -

Continuation of proceedings.

A. All orders, determinations, rules, regulations, permits,

certificates, licenses, contracts, rates and privileges which have

been issued, made, granted or allowed to become effective by a

statutory entity abolished by this act or by any provision of law

affected by this act, shall continue in effect according to their

terms until terminated or modified by operation of law.

B. Notwithstanding any other provisions of this act any revenue

bonds heretofore or hereafter issued or sold by a statutory entity

shall remain in full force and effect, and no such statutory entity

shall be terminated under the terms of this act until such

outstanding revenue bonded indebtedness has been satisfied.

Oklahoma Statutes - Title 74. State Government Page 988

C. No suit, action or other judicial proceeding lawfully

commenced by or against any officer or agency in his or its official

capacity, or in relation to the exercise of his or its official

functions, shall abate by reason of the taking effect of any

provision of this act, but the court, unless it determines that the

survival of such suit, action or other proceedings is not necessary

for purposes of settlement of the questions involved, shall allow

the same to be maintained, with such substitutions as to parties as

are appropriate.

D. No administrative action or any judicial proceeding lawfully

commenced shall abate solely by reason of the taking effect of any

provision of this act. Any such cause of action pending on the date

the entity is terminated or that is commenced during the termination

period shall be prosecuted or defended in the name of the state by

the Attorney General if it would have been his duty to so prosecute

or defend had the statutory entity been recreated.