Oklahoma § 62-695.3 - Definitions

§ 62-695.3. Definitions

As used in the Oklahoma Bond Oversight and Reform Act:

1. "Council" means the Council of Bond Oversight;

2. "State Governmental Entity" means the State of Oklahoma or

any agency, board, commission, authority, department, public trust

of which the state is the beneficiary or other instrumentality of

state government, other than a public trust with the state as

beneficiary whose jurisdiction is limited to one county, including,

but not limited to, the following:

a.

Oklahoma Municipal Power Authority,

b.

Oklahoma Development Authority,

c.

Oklahoma Industrial Finance Authority,

d.

Grand River Dam Authority,

e.

Oklahoma Water Resources Board,

f.

Northeast Oklahoma Public Facilities Authority,

g.

Oklahoma Turnpike Authority,

h.

Oklahoma Housing Finance Authority, and

i.

Oklahoma Public, Industrial and Cultural Facilities

Authority;

3. "Local Governmental Entity" means counties, cities and

towns, school districts, public trusts of which a county, city or

Oklahoma Statutes - Title 62. Public Finance

town or school district is the beneficiary or other political

subdivision of the state;

4. "Purpose" means the issuer's principal intended use of the

funds derived from the issuance of bonds or other obligations; and

5. "State Governmental Entity Financing" shall include local

governmental transactions where the project is leased by a State

Governmental Entity or debt service is paid directly or indirectly

by a State Governmental Entity or where the project or improvement

is in direct support of or administered by a State Governmental

Entity.

Added by Laws 1987, c. 222, § 93, operative July 1, 1987. Amended

by Laws 2012, c. 275, § 3, eff. Nov. 1, 2012.