Okla. Stat. tit. 74, § 74-878: Maximizing amount of capital available for industrial

financing.

That in those instances in which the amount of capital available

for industrial financing in the State of Oklahoma tends to be

reduced by reason of reduction in the volume of tax-exempt

industrial bonds issued or issuable by cities or counties in

Oklahoma, or by reason of federal statutes or United States Treasury

Department rulings limiting or adversely affecting this method of

financing said industrial projects in this state, the Oklahoma

Industrial Finance Authority is hereby authorized, within its sole

discretion, to accept applications and make loans to industrial

development agencies, as the same are defined by law. As security

therefor the Authority shall take a mortgage upon the industrial

facility from such industrial development agency holding legal title

to the same, and shall take a promissory note or notes for the

amount of such loan from an approved industrial tenant. The above

financing arrangement shall be in addition to all other loan

procedures heretofore authorized by law governing the lending

operations of the Oklahoma Industrial Finance Authority, it being

the intent and purpose of the Legislature to maximize the amount of

loan capital available from all sources for industrial development

purposes in Oklahoma.