{"data":{"id":"us-ok/okla.-stat.-tit.-62-62-891.16","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 62, § 62-891.16","heading":"Authority as conduit issuer - Public-Private Partner","body":"Development Pool – Issuance of obligations – Purpose of proceeds.\n\nA. The Oklahoma Development Finance Authority shall be\n\nauthorized to act as a conduit issuer for the benefit of at least\n\none eligible local government entity in conjunction with one or more\n\nfor-profit business entities and/or federal government defense\n\nentities for an authorized infrastructure development project using\n\nthe Public-Private Partner Development Pool.\n\nB. The Authority shall be authorized to issue obligations in\n\norder to provide net proceeds on a pooled basis not to exceed the\n\ncombined Economic Development Pool and Infrastructure Development\n\nPool amount authorized by Sections 891.7 and 891.8 of this title.\n\nThe Authority shall be authorized to issue obligations within the\n\nlimit prescribed by this subsection based upon the defeasance of\n\npreviously issued obligations.\n\nC. The proceeds from the Public-Private Partner Development\n\nPool shall be for the purpose of providing financing for an eligible\n\nlocal government entity for an authorized infrastructure project\n\nlocated in this state that will benefit one or more business\n\nentities located in this state.\n\nD. Sixty-five percent (65%) of the net proceeds from the\n\nPublic-Private Partner Development Pool shall be used by the\n\nAuthority for the benefit of eligible local government entities the\n\npopulation of which, according to the most recent Federal Decennial\n\nCensus, does not exceed three hundred thousand (300,000) persons for\n\nany participating municipality.\n\nE. Thirty-five percent (35%) of the net proceeds from the\n\nPublic-Private Partner Development Pool may be used by the Authority\n\nfor the benefit of any and all eligible local government entities\n\nregardless of population.\n\nF. Obligations issued pursuant to the provisions of this\n\nsection may be issued on a tax-exempt basis if the applicable\n\nprovisions of federal law governing private activity bonds allow\n\nsuch issuance. In the event federal law does not allow issuance of\n\nobligations on a tax-exempt basis, such obligations shall be issued\n\non a taxable basis.","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":"d932230cd458ee0eca3d45d70e4f2f4c72bdf27974aa23641808037c4427413a","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-62-62-891.15","next":"us-ok/okla.-stat.-tit.-62-62-891.17"},"notice":"GroundRules: Original legal text. Not legal advice."}