2014 Oklahoma Statutes
Title 73. State Capital and Capitol Building
§73-159.1. Payment of funds in advance of bond issuance - Deposit and use of funds.
In the event a state agency has or receives appropriated or other funds to be applied to a project subject to a bond issuance, the agency may pay the funds to the Oklahoma Capitol Improvement Authority in advance of the bond issuance. The Authority shall deposit the funds in an interest-bearing account with the Office of the State Treasurer and use the funds and the interest on the funds to:
1. Pay other bond expenses of the issuance;
2. Pay for expenses related to the bond project;
3. Reduce the total bond debt service; or
4. Reduce the size of the required issuance.
Added by Laws 2008, c. 379, § 1, emerg. eff. June 3, 2008.
Disclaimer: These codes may not be the most recent version. Oklahoma may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
