Okla. Stat. tit. 74, § 74-9076
This is the official text of Okla. Stat. tit. 74, § 74-9076, 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.
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Authorities and powers
Official statutory text
A. In addition to all other powers expressly conferred upon the
Oklahoma Development Finance Authority pursuant to Section 5062.8 of
Title 74 of the Oklahoma Statues, the Authority is hereby authorized
and empowered to take the following actions:
1. To issue ratepayer-backed bonds as provided in this act;
2. To establish and adjust from time to time the actual cost of
an administrative fee for the costs associated with the Authority
carrying out its power and duties under this act, to include costs
of the Corporation Commission incurred under Section 4 of this act.
The fee shall be included in the calculation of utility customer
payments created by the financing order; and
3. To do all things necessary or convenient to carry out the
powers expressly granted in this act.
B. The Authority shall take the following actions:
1. To notify the Governor, President Pro Tempore of the Senate,
the Speaker of the House of Representatives and the Oklahoma
Corporation Commission upon issuance of a ratepayer-backed bond.
The notification shall be in writing and include the amount and
terms of the bond; and
2. To prepare a report annually regarding the bond activity
related to the provisions of this act, to be submitted to the
Governor, the President Pro Tempore of the Senate, the Speaker of
the House of Representatives, the Attorney General and the Oklahoma
Corporation Commission as of December 1 each year until the debt is
retired.
Oklahoma Development Finance Authority pursuant to Section 5062.8 of
Title 74 of the Oklahoma Statues, the Authority is hereby authorized
and empowered to take the following actions:
1. To issue ratepayer-backed bonds as provided in this act;
2. To establish and adjust from time to time the actual cost of
an administrative fee for the costs associated with the Authority
carrying out its power and duties under this act, to include costs
of the Corporation Commission incurred under Section 4 of this act.
The fee shall be included in the calculation of utility customer
payments created by the financing order; and
3. To do all things necessary or convenient to carry out the
powers expressly granted in this act.
B. The Authority shall take the following actions:
1. To notify the Governor, President Pro Tempore of the Senate,
the Speaker of the House of Representatives and the Oklahoma
Corporation Commission upon issuance of a ratepayer-backed bond.
The notification shall be in writing and include the amount and
terms of the bond; and
2. To prepare a report annually regarding the bond activity
related to the provisions of this act, to be submitted to the
Governor, the President Pro Tempore of the Senate, the Speaker of
the House of Representatives, the Attorney General and the Oklahoma
Corporation Commission as of December 1 each year until the debt is
retired.
Status: in_force · Read it on the official government site
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