Oklahoma § 73-159.1 Payment of funds in advance of bond issuance - Deposit

Oklahoma Statutes

§ 73-159.1 — Payment of funds in advance of bond issuance - Deposit

Oklahoma § 73-159.1

Title 73State Capital And Capitol Building

This text of Oklahoma § 73-159.1 (Payment of funds in advance of bond issuance - Deposit) 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. 73, § 73-159.1 (2026).

Text

and use of funds. In the event a state agency has or receives appropriated or other funds to be applied to a project subject to a bond issuance, the agency may pay the funds to the Oklahoma Capitol Improvement Authority in advance of the bond issuance. The Authority shall deposit the funds in an interest-bearing account with the Office of the State Treasurer and use the funds and the interest on the funds to: 1. Pay other bond expenses of the issuance; 2. Pay for expenses related to the bond project; 3. Reduce the total bond debt service; or 4. Reduce the size of the required issuance.

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and use of funds. In the event a state agency has or receives appropriated or other funds to be applied to a project subject to a bond issuance, the agency may pay the funds to the Oklahoma Capitol Improvement Authority in advance of the bond issuance. The Authority shall deposit the funds in an interest-bearing account with the Office of the State Treasurer and use the funds and the interest on the funds to: 1. Pay other bond expenses of the issuance; 2. Pay for expenses related to the bond project; 3. Reduce the total bond debt service; or 4. Reduce the size of the required issuance.