Oklahoma § 70-9011 Bond proceeds – Authorized expenditures – Final

Oklahoma Statutes

§ 70-9011 — Bond proceeds – Authorized expenditures – Final

Oklahoma § 70-9011

Title 70Schools

This text of Oklahoma § 70-9011 (Bond proceeds – Authorized expenditures – Final) 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, § 70-9011 (2026).

Text

authority.

A.Proceeds from bonds or other evidence of indebtedness issued by the higher education funding district may be expended on such assets as authorized by the provisions of the Internal Revenue Code of 1986, as amended, or other provisions of federal or state law based on whether the interest income paid to bondholders is exempt from federal or state income tax.

B.Final maturity of any obligation issued by the higher education funding district shall not exceed twenty-five (25) years.

C.Bonds or other evidence of indebtedness issued by a higher education funding district may be sold using such procedures as may be established by the board of regents of the institution for whose benefit the higher education funding district has been created.

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authority. A. Proceeds from bonds or other evidence of indebtedness issued by the higher education funding district may be expended on such assets as authorized by the provisions of the Internal Revenue Code of 1986, as amended, or other provisions of federal or state law based on whether the interest income paid to bondholders is exempt from federal or state income tax. B. Final maturity of any obligation issued by the higher education funding district shall not exceed twenty-five (25) years. C. Bonds or other evidence of indebtedness issued by a higher education funding district may be sold using such procedures as may be established by the board of regents of the institution for whose benefit the higher education funding district has been created.