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

Okla. Stat. tit. 74, § 74-5063.4h: Debt-service reserve

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Where this section sits in the code
  1. OK Code
  2. Title 74

To establish a debt-service reserve for those revenue bonds

approved for Credit Enhancement Reserve Fund insurance by the Bond

Oversight Commissions prior to June 9, 1990, the Oklahoma

Development Finance Authority may increase the amounts of credit

enhancement, the revenue bonds and the underlying loans in an amount

sufficient to provide a cash reserve or to secure a letter of credit

or surety bond equal to six-months' principal and interest on the

revenue bonds, plus a rounding factor if necessary. The total

amount of any such increase shall not exceed ten percent (10%) of

the revenue bond amount approved by the Commissions.

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

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