{"data":{"id":"us-ok/okla.-stat.-tit.-19-19-902.12b","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 19, § 19-902.12b","heading":"Financing of improvements on pay-as-you-go basis","body":"A. Nothing in this act shall prevent the board of directors\n\nfrom using the levy provided for in Section 902.15 of Title 19 of\n\nthe Oklahoma Statutes for financing improvements on a pay-as-you-go\n\nbasis provided the district has no outstanding bonds or other\n\nevidences of indebtedness. Pay-as-you-go improvements shall be\n\nsubject to the assessment limits in Section 902.15 of Title 19 of\n\nthe Oklahoma Statutes, shall be approved in the same manner as\n\ndescribed in Section 902.12 of Title 19 of the Oklahoma Statutes and\n\nshall not be approved for more than the actual estimated cost of\n\nsuch purchase and construction. For the purposes of this section,\n\n“pay-as-you-go improvements” shall be defined as improvements that\n\nare constructed and paid for when necessary revenues are\n\naccumulated.\n\nB. A district choosing to finance improvements on a pay-as-you-\n\ngo basis shall not issue bonds or other evidences of indebtedness\n\nuntil a time following the financing and completion of pay-as-you-go\n\nimprovements.","path":["OK Code","Title 19"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os19.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"98da800cbf975c0ea345de7c85dfd9a5b041b9e30d1e89c2baa2ec0ff6565fcc","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-19-19-902.12","next":"us-ok/okla.-stat.-tit.-19-19-902.13"},"notice":"GroundRules: Original legal text. Not legal advice."}