Oklahoma Statutes
§ 70-15-203 — Restriction on guarantee of bonds.
Oklahoma § 70-15-203
JurisdictionOklahoma
Title 70Schools
This text of Oklahoma § 70-15-203 (Restriction on guarantee of bonds.) is published on Counsel Stack Legal Research, covering Oklahoma primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Okla. Stat. tit. 70, § 70-15-203 (2026).
Text
The Commissioners shall not approve bonds for guarantee if the approval would result in the total amount of outstanding guaranteed bonds to exceed an amount equal to twice the cost value or twice the market value of the assets of the permanent school fund whichever is lower, exclusive of real estate as calculated by the annual audit of the Commissioners of the Land Office.
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Legislative History
Added by Laws 1994, c. 346, § 3, eff. Nov. 8, 1994.
Nearby Sections
15
§ 70-1-1
Repealed§ 70-1-10
Repealed§ 70-1-101
Oklahoma School Code.§ 70-1-102
Purpose of act.§ 70-1-103
Act to be liberally construed.§ 70-1-107
Educational services - Enumeration.§ 70-1-108
School district - Definition.§ 70-1-109.1
Optional Extended School Year Program.§ 70-1-11
Repealed§ 70-1-110
RepealedCite This Page — Counsel Stack
Bluebook (online)
Oklahoma § 70-15-203, Counsel Stack Legal Research, https://law.counselstack.com/statute/ok/70/70-15-203.