Okla. Stat. tit. 69, § 69-403: State Infrastructure Bank

A. The Transportation Commission is hereby authorized to create

a "State Infrastructure Bank", pursuant to the federal National

Highway System Designation Act of 1995 and the Transportation

Infrastructure Finance and Innovation Act of 1998, for the purpose

of pooling available federal, private and state appropriated or

revolving fund monies or credit assistance specifically authorized

by the Legislature for such use. The Commission shall be the

instrumentality to make application to the Federal Highway

Administration for the capitalization grant which is to be placed in

the State Infrastructure Bank. The Commission shall be the

instrumentality to submit a Letter of Interest to the Federal

Highway Administration for credit assistance pursuant to the

Transportation Infrastructure Finance and Innovation Act of 1998.

The Commission shall adopt all rules necessary to implement and

effectuate the provisions of this act.

B. The State Infrastructure Bank authorized by this section may

be utilized by the various counties of Oklahoma for pooling

available federal, private and state appropriated or revolving fund

monies or credit assistance specifically authorized by the

Legislature for capital improvements. The various counties of

Oklahoma are authorized to receive and repay monies from the

Department of Transportation revolving fund designated as the "State

Infrastructure Bank Revolving Fund" for the purpose specifically

authorized by the Legislature.

C. The Transportation Commission shall be authorized to make

loans from the State Infrastructure Bank to qualified applicants as

provided in this act in order to implement the provisions of the

National Highway System Designation Act of 1995 and the

Transportation Infrastructure Finance and Innovation Act of 1998.