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Oklahoma · Snapshot open-us-law v2026.08, retrieved 2026-09-14

Okla. Stat. tit. 62, § 62-891.6: Bonds and other obligations

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  1. OK Code
  2. Title 62

A. No bonds or other obligations issued by the Authority

pursuant to the provisions of the Oklahoma Community Economic

Development Pooled Finance Act shall be considered or deemed to be

general obligations of the State of Oklahoma. Such bonds or other

obligations shall be special and limited obligations the repayment

of which shall be derived exclusively from the revenues accruing to

the credit of the Community Economic Development Pooled Finance

Revolving Fund created pursuant to Section 15 of this act.

B. The obligations issued by the Authority pursuant to this act

shall have a maximum maturity of twenty-five (25) years.

C. The average coupon rate for any obligations issued by the

Authority pursuant to this act shall not exceed fourteen percent

(14%) per annum.

Collected 2026-09-14T18:32:36Z. Source file · JSON

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