Okla. Stat. tit. 74, § 74-5063.8: Deposit of general obligation bond proceeds into Fund

The board of directors shall designate for deposit to the Credit

Enhancement Reserve Fund the net proceeds of any general obligation

bonds issued by the Oklahoma Development Finance Authority pursuant

to Section 5063.11 of this title. The board of directors shall by

resolution or other appropriate action designate an issue of bonds

authorized to be issued pursuant to the Oklahoma Development Finance

Authority Act, Section 5062.1 et seq. of this title, as having the

security afforded by the act.