{"data":{"id":"us-ok/okla.-stat.-tit.-62-62-891.13","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 62, § 62-891.13","heading":"Submitting tax questions to municipal voters","body":"A. As used in this section:\n\n1. “Authority” means the Oklahoma Development Finance\n\nAuthority;\n\n2. “Eligible local government entity” means:\n\na. a city,\n\nb. a town,\n\nc. a county,\n\nd. any combination of cities, towns, or counties, or\n\ne. a public trust with a beneficiary or beneficiary which\n\nis a city, town, county or some combination of such\n\nentities as authorized by Section 176 of Title 60 of\n\nthe Oklahoma Statutes;\n\n3. “Existing levy” means a tax or other revenue-raising\n\nmechanism approved by the voters of a county, city or town prior to\n\nthe effective date of this act;\n\n4. “Municipality” means an incorporated city or town; and\n\n5. “Pooled financing” means the use of municipal revenues,\n\nderived from a levy imposed pursuant to the authority of Section\n\n2701 of Title 68 of the Oklahoma Statutes, available to one or more\n\nmunicipalities or county revenues, derived from a levy imposed\n\npursuant to the authority of Section 1370 of Title 68 of the\n\nOklahoma Statutes, based upon the local government entity\n\nparticipating in a pooled financing.\n\nB. Subject to the requirements of Section 2701 of Title 68 of\n\nthe Oklahoma Statutes, one or more municipalities may submit to the\n\nrespective voters of each such municipality the question of whether\n\nto impose a tax not previously imposed, authorized by Section 2701\n\nof Title 68 of the Oklahoma Statutes, in order to provide revenues\n\nto repay indebtedness incurred by the Authority for the purposes\n\nauthorized by the Oklahoma Community Economic Development Pooled\n\nFinance Act. The provisions of this subsection shall be applicable\n\nto any one or more municipalities participating in a pooled\n\nfinancing, regardless of whether any other municipality, subject to\n\nvoter approval, will be imposing a tax levy to be used for the\n\npurposes of this act for the first time or whether any one or more\n\nof such municipalities, subject to voter approval, will be modifying\n\nthe purposes of an existing tax levy to allow revenues to be used\n\nfor the purposes of this act.\n\nC. Subject to the requirements of Section 2701 of Title 68 of\n\nthe Oklahoma Statutes, one or more municipalities may submit to the\n\nrespective voters of each such municipality the question of whether\n\nto modify an existing tax levy, previously approved by the voters of\n\nsuch municipality, in order to allow the use of some part or all of\n\nthe proceeds from the existing tax levy in order to provide revenues\n\nto repay indebtedness incurred by the Authority for the purposes\n\nauthorized by this act. The provisions of this subsection shall be\n\napplicable to any one or more municipalities participating in a\n\npooled financing, regardless of whether any other municipality,\n\nsubject to voter approval, will be imposing a tax levy to be used\n\nfor the purposes of this act for the first time or whether any one\n\nor more of such municipalities, subject to voter approval, will be\n\nmodifying the purposes of an existing tax levy to allow revenues to\n\nbe used for the purposes of this act.\n\nD. Municipalities may submit questions authorized by this\n\nsection regardless of whether the municipalities are contiguous or\n\nadjacent to one another.\n\nE. A municipality that submits a question for the imposition of\n\na dedicated tax levy pursuant to the provisions of this section\n\nshall specify the type of tax levy and the rate of the levy in the\n\nquestion submitted which shall be clearly identified by the wording\n\nof the ballot.\n\nF. A municipality may impose a different tax levy or the same\n\ntype of tax levy at a different rate than any other municipality or\n\nmunicipalities or a different tax levy or at a different tax rate\n\nthan any other county or counties submitting a pooled financing\n\nquestion for voter approval.\n\nG. The duration of the tax levy shall be identical in all\n\nquestions submitted for voter approval and shall not exceed twenty-\n\nfive (25) years.\nnt tax levy or the same\n\ntype of tax levy at a different rate than any other municipality or\n\nmunicipalities or a different tax levy or at a different tax rate\n\nthan any other county or counties submitting a pooled financing\n\nquestion for voter approval.\n\nG. The duration of the tax levy shall be identical in all\n\nquestions submitted for voter approval and shall not exceed twenty-\n\nfive (25) years.\n\nH. The ballot for a pooled financing pursuant to the provisions\n\nof this act shall clearly indicate:\n\n1. That the revenues from the tax levy are to be used for the\n\npayment of principal, interest and other costs of borrowing\n\nauthorized by the provisions of this act;\n\n2. The maximum maturity of the obligations to be repaid; and\n\n3. The projects or assets to be acquired, constructed,\n\nimproved, maintained or otherwise used by the municipality as a\n\nresult of the imposition of the levy.\n\nI. Revenues derived from a tax levy imposed pursuant to the\n\nprovisions of this section shall be paid by the municipality or\n\nmunicipalities to the Community Economic Development Pooled Finance\n\nRevolving Fund created pursuant to Section 15 of this act.\n\nJ. No tax levy imposed pursuant to the provisions of this\n\nsection shall be repealed until such time as the obligations issued\n\nby the Authority are fully paid. In no event shall the duration of\n\nthe levy be extended beyond the duration approved by the voters of\n\nthe municipality or municipalities.","path":["OK Code","Title 62"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os62.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"9f5a8ad5a4eccd4af12d9ace293a406164636b952c07c6680a74615f70e66316","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-62-62-891.12","next":"us-ok/okla.-stat.-tit.-62-62-891.14"},"notice":"GroundRules: Original legal text. Not legal advice."}