Oklahoma § 62-57.308

§ 62-57.308.

Maximizing college savings bond program.

Oklahoma Statutes - Title 62. Public Finance

It is the intent of the Oklahoma Legislature that an amount not

to exceed One Hundred Million Dollars ($100,000,000.00) of any issue

of bonds pursuant to this act should be structured so as to maximize

a college savings bond program to benefit Oklahoma families. For

this purpose, the Commission may authorize by a majority vote the

sale of college savings bonds at any discount. In no event shall

the purchaser of any bonds issued by the Commission receive any

fees, compensation or other remuneration in excess of four percent

(4%) of the price paid for such bonds by the purchaser of such bonds

from the Commission. The college savings bonds issued by the

Commission may be issued in amounts and denominations as may be

provided by resolution or indenture of the Commission to make such

college savings bonds available to all citizens of the state. The

Commission is directed to provide adequate statewide publicity of

the availability of such college savings bonds. The State Board of

Education and the Oklahoma State Regents for Higher Education shall

cooperate with the Commission to apprise parents of students in the

public schools of this state of the sale of such bonds.

Added by Laws 1992, c. 350, § 9.