Okla. Stat. tit. 74, § 74-5063.17

A. Before the commencement of each legislative session, the

Director of the Office of Management and Enterprise Services shall

determine the estimated amount required during the next fiscal year

for payment of the debt service on the bonds issued under this act,

after making deductions therefrom of estimated monies to be

available to the Fund from other sources therefor, and shall certify

such estimated amount to the Governor. The Governor shall thereupon

promptly prepare and submit to the Legislature his request for an

Oklahoma Statutes - Title 74. State Government Page 1149

appropriation to meet the debt service on the bonds during such

fiscal year. The Legislature shall appropriate funds and provide

for timely payment of the maturing debt service of bonds issued

under this act.

B. The Authority shall have the power to establish and maintain

reserve funds to provide for payment of debt service on the bonds.

Monies credited to the reserve funds shall be used only for the

purpose of paying debt service on the bonds, either at maturity or

on redemption prior to maturity. The reserve funds shall be held

and used to ensure prompt payment of debt service on the bonds in

such manner and pursuant to such conditions as may be specified by

the Authority in the resolution or trust indenture authorizing or

securing such bonds. Monies in the reserve funds over and above the

amounts necessary to ensure the prompt payment of debt service on

the bonds, and the establishment and maintenance of a reserve fund,

may be used for the redemption of bonds prior to maturity in the

manner and in accordance with the provisions pertaining to

redemption prior to maturity, as set forth in the resolution or

trust indenture authorizing or securing such bonds.