{"data":{"id":"us-ok/okla.-stat.-tit.-74-74-9079","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 74, § 74-9079","heading":"Application to Oklahoma Supreme Court for approval of","body":"ratepayer-backed bonds.\n\nThe Oklahoma Development Finance Authority shall file an\n\napplication with the Supreme Court of Oklahoma for the approval of\n\nratepayer-backed bonds issued under this act, and exclusive original\n\njurisdiction is hereby conferred upon the Court to hear and\n\ndetermine each application. The Court shall give such an\n\napplication precedence over the other business of the Court and\n\nconsider and pass upon the application and any protests which may be\n\nfiled against such application as speedily as possible. Notice of\n\nthe hearing on each application shall be given by notice published\n\nin a newspaper of general circulation in the state that on a day\n\nnamed by the Authority will ask the Oklahoma Supreme Court to hear\n\nits application and approve the bonds. The notice shall inform all\n\npersons interested that they may file protests against the issuance\n\nof the bonds and be present at the hearing and contest the legality\n\nthereof. The notice shall be published one time, not less than ten\n\n(10) days prior to the date named for the hearing, and the hearing\n\nmay be adjourned from time to time at the discretion of the Court.\n\nIf the Court shall be satisfied that the bonds or any portions\n\nthereof have been properly authorized in accordance with this act\n\nand the Constitution of the State of Oklahoma, and that when issued\n\nthey will constitute valid obligations in accordance with their\n\nterms, the Court shall render its written opinion approving the\n\nratepayer-backed bonds and shall fix the time within which a\n\npetition for rehearing may be filed. The decision of the Court\n\nshall be a judicial determination of the validity of the bonds,\n\nshall be conclusive as to the Authority, the state, its officers,\n\nagents and instrumentalities, and all other persons, and thereafter\n\nthe bonds so approved and the revenues pledged to their payment\n\nshall be incontestable in any court in this state.","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":"42daf8e476676c9b5adca9f466c1413033a22dca8a4c4aeb65db58e7643101a1","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-74-74-9078","next":"us-ok/okla.-stat.-tit.-74-74-908"},"notice":"GroundRules: Original legal text. Not legal advice."}