Oklahoma § 69-403 - State Infrastructure Bank
Full text of Oklahoma Oklahoma Statutes § 69-403 — State Infrastructure Bank, with citation guidance and answers to common questions.
§ 69-403. State Infrastructure Bank
A. The Transportation Commission is hereby authorized to create
a "State Infrastructure Bank", pursuant to the federal National
Highway System Designation Act of 1995 and the Transportation
Infrastructure Finance and Innovation Act of 1998, for the purpose
of pooling available federal, private and state appropriated or
revolving fund monies or credit assistance specifically authorized
Oklahoma Statutes - Title 69. Roads, Bridges, and Ferries
by the Legislature for such use. The Commission shall be the
instrumentality to make application to the Federal Highway
Administration for the capitalization grant which is to be placed in
the State Infrastructure Bank. The Commission shall be the
instrumentality to submit a Letter of Interest to the Federal
Highway Administration for credit assistance pursuant to the
Transportation Infrastructure Finance and Innovation Act of 1998.
The Commission shall adopt all rules necessary to implement and
effectuate the provisions of this act.
B. The State Infrastructure Bank authorized by this section may
be utilized by the various counties of Oklahoma for pooling
available federal, private and state appropriated or revolving fund
monies or credit assistance specifically authorized by the
Legislature for capital improvements. The various counties of
Oklahoma are authorized to receive and repay monies from the
Department of Transportation revolving fund designated as the "State
Infrastructure Bank Revolving Fund" for the purpose specifically
authorized by the Legislature.
C. The Transportation Commission shall be authorized to make
loans from the State Infrastructure Bank to qualified applicants as
provided in this act in order to implement the provisions of the
National Highway System Designation Act of 1995 and the
Transportation Infrastructure Finance and Innovation Act of 1998.
Added by Laws 1996, c. 303, § 1, emerg. eff. June 10, 1996. Amended
by Laws 1997, c. 218, § 8, eff. Nov. 1, 1997; Laws 1998, c. 292, §
1, eff. Nov. 1, 1998; Laws 2012, c. 356, § 1, eff. Nov. 1, 2012.
Frequently Asked Questions About Oklahoma § 69-403
What does Oklahoma Statutes § 69-403 cover?
Section 69-403 ("State Infrastructure Bank") is part of the Oklahoma Statutes, the codified statutory law of Oklahoma. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Oklahoma § 69-403?
A common citation format is "Oklahoma Statutes § 69-403" (Oklahoma). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Oklahoma law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Oklahoma official source linked on this page or consult a licensed Oklahoma attorney.
How does Oklahoma § 69-403 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Oklahoma can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Oklahoma.