Oklahoma § 70-15-206 Requirements for districts applying for guarantee.

Oklahoma Statutes

§ 70-15-206 — Requirements for districts applying for guarantee.

Oklahoma § 70-15-206

Title 70Schools

This text of Oklahoma § 70-15-206 (Requirements for districts applying for guarantee.) 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, § 70-15-206 (2026).

Text

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.

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

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.