Okla. Stat. tit. 74, § 74-5062.35
This is the official text of Okla. Stat. tit. 74, § 74-5062.35, 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.
Appropriations - Repayment - Bonds
Official statutory text
A. It is the intent of the Legislature to appropriate monies to
the Oklahoma Department of Commerce in a total amount not to exceed
Five Million Dollars ($5,000,000.00) per year for the purpose of
funding interest payments of obligations issued by the Authority
Oklahoma Statutes - Title 74. State Government Page 1137
pursuant to this act during the initial five (5) years of the
obligations. The appropriated funds shall be deposited in the
Military Base Protection and Expansion Bond Fund.
B. Upon the completion of the periods, if any, during which
principal payments are deferred and during which interest payments
are made from the Military Base Protection and Expansion Bond Fund
for a qualified issuer, the qualified issuer shall pay all
principal, interest, and other appropriate costs associated with the
issuance of the obligations. Payments may be in the form of lease
payments to the Authority as described in subsection D of Section
5062.34 of this title.
C. Bonds issued by the Authority under this act must be
delivered no later than June 30, 2010. No monies will be provided
pursuant to this section after June 30, 2015, for interest payments
on bonds issued under this act.
the Oklahoma Department of Commerce in a total amount not to exceed
Five Million Dollars ($5,000,000.00) per year for the purpose of
funding interest payments of obligations issued by the Authority
Oklahoma Statutes - Title 74. State Government Page 1137
pursuant to this act during the initial five (5) years of the
obligations. The appropriated funds shall be deposited in the
Military Base Protection and Expansion Bond Fund.
B. Upon the completion of the periods, if any, during which
principal payments are deferred and during which interest payments
are made from the Military Base Protection and Expansion Bond Fund
for a qualified issuer, the qualified issuer shall pay all
principal, interest, and other appropriate costs associated with the
issuance of the obligations. Payments may be in the form of lease
payments to the Authority as described in subsection D of Section
5062.34 of this title.
C. Bonds issued by the Authority under this act must be
delivered no later than June 30, 2010. No monies will be provided
pursuant to this section after June 30, 2015, for interest payments
on bonds issued under this act.
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.