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

Okla. Stat. tit. 62, § 62-891.9: Local governments liable for debt issued — Payments

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Where this section sits in the code
  1. OK Code
  2. Title 62

A. With respect to an eligible project financed through the

Infrastructure Pool, local government entities shall be required to

be financially responsible for the repayment of the debt issued by

the Oklahoma Development Finance Authority.

B. With respect to obligations incurred by the Authority for an

authorized infrastructure project, local government entities shall

make payments to the Oklahoma Development Finance Authority for

principal, interest, required reserve amounts, and any other amount

required in order to make the obligations issued by the Authority

marketable.

C. Repayment by local government entities pursuant to the

provisions of this section shall consist of authorized revenue

sources including, but not limited to, taxes levied by the local

government entities or which are available for use by such entities

pursuant to the provisions of Section 1370 of Title 68 of the

Oklahoma Statutes, Section 2701 et seq. of Title 68 of the Oklahoma

Statutes and the provisions of Sections 13 and 14 of this act.

D. The Authority shall use the monies in the Community Economic

Development Pooled Finance Revolving Fund created by Section 15 of

this act in order to make payments of principal, interest and other

costs.

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

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