Okla. Stat. tit. 70, § 70-4014: Statement of Essential Facts

For each of the proposed bond issues to be issued pursuant to

Sections 4001 through 4014, Title 70 of the Oklahoma Statutes, a

Statement of Essential Facts shall be prepared by the issuing Board

of Regents for the use and information of prospective bond

purchasers. It shall be the duty of the Oklahoma State Regents for

Higher Education to examine such Statement of Essential Facts and

determine that, based upon such facts and projections, the projected

revenue will satisfy the financial obligation to be incurred under

the proposed bond issue. If the facts are found by the State

Regents to be substantially accurate and if the State Regents find

that, based upon such facts and projections, the projected revenue

will satisfy the financial obligation to be incurred under the

proposed bond issue, then the Oklahoma State Regents for Higher

Education shall certify such to the Attorney General of Oklahoma

before the proposed bond issue can be approved by the Attorney

General. The certificate shall be made in substantially the

following form:

The Oklahoma State Regents for Higher Education do hereby

certify that the provisions of Section 4014, Title 70 of the

Oklahoma Statutes have been complied with in proper order, for the

revenue bond issue mentioned above.