Okla. Stat. tit. 74, § 74-5062.8v1

The Oklahoma Development Finance Authority is hereby granted,

has and may exercise all powers necessary or appropriate to carry

out and effectuate its corporate purposes including, without

limiting the generality thereof, the following:

1. To adopt, amend and repeal rules and regulations, policies

and procedures for the regulation of its affairs and the conduct of

its business;

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2. To sue and be sued in its own name;

3. To have an official seal and power to alter that seal at

will;

4. To maintain an office at such place or places within this

state as it may designate;

5. To adopt, amend and repeal bylaws and rules and regulations,

not inconsistent with the Oklahoma Development Finance Authority

Act, to carry into effect the powers and purposes of the Authority

and the conduct of its business;

6. To make and execute contracts with any individual,

corporation, whether profit or nonprofit, association or any other

entity and all other instruments necessary or convenient for the

performance of its duties and the exercise of its powers and

functions under the Oklahoma Development Finance Authority Act;

7. To employ underwriters, bond or other legal counsel,

financial advisors, consultants, a financial institution to serve as

trustee, paying agent or in any fiduciary capacity in connection

with any program, indenture or general resolution of the Authority,

or any other experts and to determine their qualifications, duties

and compensation subject to the provisions of the Oklahoma

Development Finance Authority Act for advice and oversight of the

State Bond Advisor; provided, however, after July 1, 1987, the

Authority shall not employ or contract with any person, partnership,

corporation, trust or other entity for underwriting services for

issuance of bonded indebtedness if that entity has served as

financial advisor to the Authority concerning the consideration of

that issuance.

When engaging the services of underwriters, bond or other legal

counsel, financial advisors, consultants, a financial institution to

serve as trustee, paying agent or in any fiduciary capacity in

connection with any program, indenture or general resolution of the

Authority, or any other experts, the board shall be governed by the

provisions of subsection C of Section 695.7 of Title 62 of the

Oklahoma Statutes except when engaging such services in connection

with a program whose purpose is to provide financing for a single,

private entity which has previously selected providers of any such

services prior to making application to the Authority; provided,

such financing for the program shall not be backed by the Credit

Enhancement Reserve Fund;

8. To procure insurance against any loss in connection with its

property and other assets in such amounts and from such insurers as

it deems desirable;

9. To borrow money and to issue bonds, whether or not the

interest thereon is to be includable in the gross income of the

recipients thereof for federal income tax purposes including,

without limitation, to provide on a pooled or consolidated basis

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financing for the purposes and projects herein provided and to

provide for the security and sources of payments therefor;

10. To receive and accept aid or contributions from any source

of money, property, labor or other things of value to be held, used

and applied to carry out the purposes of the Oklahoma Development

Finance Authority Act subject to the conditions upon which the

grants and contributions are made including, but not limited to,

gifts or grants from any department, agency or instrumentality of

the United States or of the state for any purpose consistent with

the Oklahoma Development Finance Authority Act;

11. To obtain from any department or agency of the United

States of America or nongovernmental insurer any insurance or
the conditions upon which the

grants and contributions are made including, but not limited to,

gifts or grants from any department, agency or instrumentality of

the United States or of the state for any purpose consistent with

the Oklahoma Development Finance Authority Act;

11. To obtain from any department or agency of the United

States of America or nongovernmental insurer any insurance or

guaranty, to the extent now or hereafter available, as to, or of, or

for, the payment or repayment of, interest or principal, or both, or

any part thereof, on any bonds issued by the Authority, or on any

municipal securities of political subdivisions purchased or held by

the Authority, pursuant to the Oklahoma Development Finance

Authority Act; and, notwithstanding any other provisions of the

Oklahoma Development Finance Authority Act, to enter into any

agreement or contract whatsoever with respect to any such insurance

or guaranty, except to the extent that the same would in any way

impair or interfere with the ability of the Authority to perform and

fulfill the terms of any agreement made with the owners of the bonds

of the Authority;

12. To sell, convey, lease, exchange, transfer or otherwise

dispose of, all or any of its property or any interest therein,

wherever situated;

13. To provide financing assistance for the purposes and

projects herein provided;

14. To acquire, purchase, hold, store, advertise, market, sell,

trade, barter, exchange, distribute, transport, process, utilize and

contract in all manner with respect thereto and for commodities,

products and services, and real or personal property or any interest

therein and to contract for, issue and utilize letters of credit and

other credit facilities and incur indebtedness and to arrange, form,

make, guarantee, issue, remit, receive, receipt, process and collect

payments and equivalents, howsoever nominated, in connection with or

for purposes of any of the foregoing and for the purpose of

executing and fulfilling the purposes of the Authority;

15. To acquire, reacquire, construct, reconstruct, extend,

rent, lease, purchase, use, loan, borrow, install, equip, maintain,

operate, renovate, refurbish, enlarge, remodel, convey, sell, at

public or private sale, encumber, alleviate, transfer, exchange,

dispose of and/or resell, any property, real, personal or mixed,

improvements, buildings, equipment, chattels, furnishings, fixtures,

trade fixtures, and any and all other facilities and/or property of

whatever nature including any and all rights to or therein for use

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by corporations, individuals, cooperatives, partnerships,

associations or proprietary companies for any of or for the purpose

of executing and/or fulfilling the purposes of the Authority, and to

plan, establish, develop, construct, enlarge, improve, extend,

maintain, equip, operate, lease, furnish, provide, supply, regulate,

hold, store and administer property, buildings, improvements and

facilities of every nature, which may be useful in pursuing,

promoting, executing and/or fulfilling the aforementioned purposes;

16. To the extent permitted under its contract with the owners

of bonds, to consent to any modification with respect to rate of

interest, time and payment of any installment of principal or

interest security or any other term of any contract, mortgage,

contract or agreement of any kind to which the Authority is a party;

17. To purchase its own bonds at such price or prices as the

Authority shall determine, subject to any agreement with the owners

of bonds;

18. To enter into financial documents with others for the

purpose of receiving revenues to pay the bonds authorized by the

Oklahoma Development Finance Authority Act; to lease, sell or

otherwise dispose of any or all of its projects to others for such

revenues and upon such terms and conditions as the Authority may
Authority shall determine, subject to any agreement with the owners

of bonds;

18. To enter into financial documents with others for the

purpose of receiving revenues to pay the bonds authorized by the

Oklahoma Development Finance Authority Act; to lease, sell or

otherwise dispose of any or all of its projects to others for such

revenues and upon such terms and conditions as the Authority may

deem advisable, and to grant options to renew any financing

agreement with respect to project and to grant options to buy any

project at such price or prices as the Authority deems desirable;

19. To lend money to the state or political subdivisions

through the purchase by the Authority of obligations of the state or

political subdivisions;

20. To collect fees and charges in connection with its loans,

commitments and servicing including, but not limited to,

reimbursement of costs of financing as the Authority shall determine

to be reasonable and as shall be approved by the Authority;

21. To provide services, technical assistance and advice to

this state and political subdivisions and to enter into contracts

with this state and political subdivisions to provide such services.

The state and its political subdivisions are hereby authorized to

enter into contracts with the Authority for such services and to pay

for such services as may be provided them;

22. To contract, cooperate or join with any one or more other

governments or public agencies, or with the state, any political

subdivisions of this state or the United States, to perform any

administrative service, activity or undertaking which any such

contracting party is authorized by law to perform including the

issuance of bonds;

23. To lend money or otherwise extend credit to any person and

exercise all powers of a lender or creditor;

24. To invest any funds available to the Authority, whether or

not from the proceeds of bonds, in such securities or pursuant to

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such agreements or other arrangements as the Authority shall

determine, subject to any agreements with bond owners or other

creditors of the Authority;

25. To purchase, trade or sell foreign or domestic currencies

or the right to acquire such currency in the future;

26. To exercise all other powers and functions necessary or

appropriate to carry out the duties and purposes set forth in the

Oklahoma Development Finance Authority Act;

27. To provide loans made pursuant to notes, bonds, revenue

bonds or other appropriate forms of indebtedness to unregulated

utilities pursuant to the February 2021 Unregulated Utility Consumer

Protection Act; and

28. To issue ratepayer-backed bonds pursuant to the February

2021 Regulated Utility Consumer Protection Act.