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2020 Oklahoma Statutes
Title 68. Revenue and Taxation
§68-3656. Use of Credit Enhancement Reserve Fund for issuance of obligations.
Universal Citation: 68 OK Stat § 68-3656 (2020)
A. The Oklahoma Development Finance Authority may use the Credit Enhancement Reserve Fund in order to obtain favorable financing terms for the issuance of obligations authorized by Section 3654 of this title. The commitment from the Credit Enhancement Reserve Fund for any such obligations shall not exceed Ten Million Dollars ($10,000,000.00).
B. For purposes of the issuance authorized by Section 3654 of this title, the provisions of Section 5063.4c of Title 74 of the Oklahoma Statutes shall not be applicable.
Added by Laws 2002, c. 299, § 6, emerg. eff. May 23, 2002. Amended by Laws 2008, c. 182, § 5, eff. Nov. 1, 2008.
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