Oklahoma § 11-22-155 Submission of question of issuance of revenue

Oklahoma Statutes

§ 11-22-155 — Submission of question of issuance of revenue

Oklahoma·Title 11 Cities And Towns

obligations to finance acquisition, purchase or construction of public utility to voters. Prior to and as a condition precedent to issuing revenue obligations under the Oklahoma Municipal Utility Revenue Bond Act, the governing body of a municipality shall submit the question of issuance of revenue obligations to finance the acquisition, purchase or construction of a public utility or combination of public utilities to qualified voters of the municipality at an election if: 1. The type or kind of public utility or utilities to be financed have not heretofore been owned or operated by the municipality or a public trust having the municipality as its beneficiary; or 2. The question of the acquisition, construction or purchase of the public utility or combination of utilities at issue has not

Free access — add to your briefcase to read the full text and ask questions with AI

obligations to finance acquisition, purchase or construction of public utility to voters. Prior to and as a condition precedent to issuing revenue obligations under the Oklahoma Municipal Utility Revenue Bond Act, the governing body of a municipality shall submit the question of issuance of revenue obligations to finance the acquisition, purchase or construction of a public utility or combination of public utilities to qualified voters of the municipality at an election if: 1. The type or kind of public utility or utilities to be financed have not heretofore been owned or operated by the municipality or a public trust having the municipality as its beneficiary; or 2. The question of the acquisition, construction or purchase of the public utility or combination of utilities at issue has not been previously approved by a lawful majority of qualified voters of the municipality voting at an election held within ten (10) years of the date of the election.

Oklahoma § 11-22-155 (Submission of question of issuance of revenue) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.