Okla. Stat. tit. 70, § 70-3206.6b: Master lease program - Revolving lease fund

Within the master lease program, the Legislature hereby

designates the sum of Twenty-five Million Dollars ($25,000,000.00)

to be a permanent revolving lease fund to be funded by bonds to be

issued under the master lease program. It is the intent of the

Legislature to make annual appropriations as may be necessary from

the Oklahoma Education Lottery Trust Fund to retire such bonded

indebtedness. Such bonds may be issued on either a taxable or tax-

exempt basis. The lien on such Lottery Trust Fund revenues may be

subordinate to other pledges of revenue from this fund. Any bonds

issued pursuant to this section shall not be subject to the

provisions of Section 4 of Enrolled House Bill No. 1191 of the 1st

Session of the 50th Oklahoma Legislature.