{"data":{"id":"us-ok/okla.-stat.-tit.-74-74-5063.4h","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 74, § 74-5063.4h","heading":"Debt-service reserve","body":"To establish a debt-service reserve for those revenue bonds\n\napproved for Credit Enhancement Reserve Fund insurance by the Bond\n\nOversight Commissions prior to June 9, 1990, the Oklahoma\n\nDevelopment Finance Authority may increase the amounts of credit\n\nenhancement, the revenue bonds and the underlying loans in an amount\n\nsufficient to provide a cash reserve or to secure a letter of credit\n\nor surety bond equal to six-months' principal and interest on the\n\nrevenue bonds, plus a rounding factor if necessary. The total\n\namount of any such increase shall not exceed ten percent (10%) of\n\nthe revenue bond amount approved by the Commissions.","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":"d216df429e824341fc48ec3aa42273da42e69f3049061262bee92f2419cad059","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-74-74-5063.4g","next":"us-ok/okla.-stat.-tit.-74-74-5063.4i"},"notice":"GroundRules: Original legal text. Not legal advice."}