Okla. Stat. tit. 74, § 74-9076: Authorities and powers

A. In addition to all other powers expressly conferred upon the

Oklahoma Development Finance Authority pursuant to Section 5062.8 of

Title 74 of the Oklahoma Statues, the Authority is hereby authorized

and empowered to take the following actions:

1. To issue ratepayer-backed bonds as provided in this act;

2. To establish and adjust from time to time the actual cost of

an administrative fee for the costs associated with the Authority

carrying out its power and duties under this act, to include costs

of the Corporation Commission incurred under Section 4 of this act.

The fee shall be included in the calculation of utility customer

payments created by the financing order; and

3. To do all things necessary or convenient to carry out the

powers expressly granted in this act.

B. The Authority shall take the following actions:

1. To notify the Governor, President Pro Tempore of the Senate,

the Speaker of the House of Representatives and the Oklahoma

Corporation Commission upon issuance of a ratepayer-backed bond.

The notification shall be in writing and include the amount and

terms of the bond; and

2. To prepare a report annually regarding the bond activity

related to the provisions of this act, to be submitted to the

Governor, the President Pro Tempore of the Senate, the Speaker of

the House of Representatives, the Attorney General and the Oklahoma

Corporation Commission as of December 1 each year until the debt is

retired.