Oklahoma § 19-902.15 - Bond election
Full text of Oklahoma Oklahoma Statutes § 19-902.15 — Bond election, with citation guidance and answers to common questions.
§ 19-902.15. Bond election
Bonds and other evidences of indebtedness and the interest
thereon shall be paid by revenue derived from an annual levy of not
to exceed five (5) mills on the dollar upon the ad valorem taxed
property of the district, and all the ad valorem taxed property of
the district, including the ad valorem taxed property of public
service corporations, shall be and remain liable to be assessed for
such payments as herein provided; provided, if Article X, Section 8
of the Oklahoma Constitution requires one hundred percent (100%) of
fair cash value to be taxable for purposes of ad valorem taxation,
the maximum number of mills authorized by this section shall be
three-fourths (3/4) of one (1) mill.
Added by Laws 1986, c. 93, § 15, eff. Nov. 1, 1986. Amended by Laws
1988, c. 162, § 158, eff. Nov. 1, 1988.
Frequently Asked Questions About Oklahoma § 19-902.15
What does Oklahoma Statutes § 19-902.15 cover?
Section 19-902.15 ("Bond election") 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 § 19-902.15?
A common citation format is "Oklahoma Statutes § 19-902.15" (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 § 19-902.15 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.