{"data":{"id":"us-ok/okla.-stat.-tit.-70-70-9011","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 70, § 70-9011","heading":"Bond proceeds – Authorized expenditures – Final","body":"authority.\n\nA. Proceeds from bonds or other evidence of indebtedness issued\n\nby the higher education funding district may be expended on such\n\nassets as authorized by the provisions of the Internal Revenue Code\n\nof 1986, as amended, or other provisions of federal or state law\n\nbased on whether the interest income paid to bondholders is exempt\n\nfrom federal or state income tax.\n\nB. Final maturity of any obligation issued by the higher\n\neducation funding district shall not exceed twenty-five (25) years.\n\nC. Bonds or other evidence of indebtedness issued by a higher\n\neducation funding district may be sold using such procedures as may\n\nbe established by the board of regents of the institution for whose\n\nbenefit the higher education funding district has been created.","path":["OK Code","Title 70"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os70.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"936ea20cee4166865b0cf6aa48430215962f8cdbf505d6cca3fa042e1f50bd4a","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-70-70-9010","next":"us-ok/okla.-stat.-tit.-70-70-9012"},"notice":"GroundRules: Original legal text. Not legal advice."}