{"data":{"id":"us-ok/okla.-stat.-tit.-74-74-5063.11","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 74, § 74-5063.11","heading":"General obligation bonds - Authority to issue -","body":"Written plan for issuance.\n\nA. The Oklahoma Development Finance Authority is hereby\n\nauthorized to issue bonds of the State of Oklahoma, to be known as\n\nCredit Enhancement Reserve Fund General Obligation Bonds, in a total\n\nprincipal amount not to exceed One Hundred Million Dollars\n\n($100,000,000.00) for the sole purpose of generating monies to be\n\ndeposited to the Fund.\n\nB. The Oklahoma Development Finance Authority shall not issue\n\nCredit Enhancement Reserve Fund General Obligation Bonds unless and\n\nuntil the Authority has determined that there are insufficient\n\nmonies in the Credit Enhancement Reserve Fund to cover imminent\n\nlosses on revenue bonds or other obligations insured by the Fund.\n\nIn such instances, the Authority shall, prior to the issuance of any\n\nState of Oklahoma Credit Enhancement Reserve Fund General Obligation\n\nBonds, submit to the Executive Bond Oversight Commission and\n\nLegislative Bond Oversight Commission a written plan describing the\n\nneed for the issuance of the bonds.","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":"d069955f7297d9dfffdf6146efda5925720389ae6b32e31b78dc687e9c364c8e","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-74-74-5063.10","next":"us-ok/okla.-stat.-tit.-74-74-5063.12"},"notice":"GroundRules: Original legal text. Not legal advice."}