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2017 Oklahoma Statutes
Title 70. Schools
§70-15-206. Requirements for districts applying for guarantee.
Universal Citation: 70 OK Stat § 70-15-206 (2017)
A. Any district applying to utilize the provisions of this act for its bonded indebtedness shall:
1. Be certified to be in good standing and be accredited without probation by the State Board of Education;
2. Verify to the Commissioners that the bond issue involved is within any limitation provided by law;
3. Comply with such criteria or other requirements deemed necessary by the Commissioners; and
4. Fully comply with all provisions of the rules promulgated by the Commissioners pursuant to this act.
B. No guarantee of bonds shall be effective unless approved by a majority of the Commissioners.
Added by Laws 1994, c. 346, § 6, eff. Nov. 8, 1994.
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