{"data":{"id":"us-ok/okla.-stat.-tit.-74-74-5062.35","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 74, § 74-5062.35","heading":"Appropriations - Repayment - Bonds","body":"A. It is the intent of the Legislature to appropriate monies to\n\nthe Oklahoma Department of Commerce in a total amount not to exceed\n\nFive Million Dollars ($5,000,000.00) per year for the purpose of\n\nfunding interest payments of obligations issued by the Authority\n\npursuant to this act during the initial five (5) years of the\n\nobligations. The appropriated funds shall be deposited in the\n\nMilitary Base Protection and Expansion Bond Fund.\n\nB. Upon the completion of the periods, if any, during which\n\nprincipal payments are deferred and during which interest payments\n\nare made from the Military Base Protection and Expansion Bond Fund\n\nfor a qualified issuer, the qualified issuer shall pay all\n\nprincipal, interest, and other appropriate costs associated with the\n\nissuance of the obligations. Payments may be in the form of lease\n\npayments to the Authority as described in subsection D of Section\n\n5062.34 of this title.\n\nC. Bonds issued by the Authority under this act must be\n\ndelivered no later than June 30, 2010. No monies will be provided\n\npursuant to this section after June 30, 2015, for interest payments\n\non bonds issued under this act.","path":["OK Code","Title 74"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os74.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"f573b5a81d9a7ece8a0820dbe7bec1ede7b7eea65f26b173fc649643190815d2","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-74-74-5062.34","next":"us-ok/okla.-stat.-tit.-74-74-5062.36"},"notice":"GroundRules: Original legal text. Not legal advice."}