Oklahoma § 62-823 - Definitions

§ 62-823. Definitions

As used in the Regional Economic Development District Act:

1. “Bonds” means any bonds, notes, certificates of

participation or other evidences of indebtedness issued pursuant to

Section 35 of Article X of the Oklahoma Constitution;

2. “Department” means the Oklahoma Department of Commerce

established pursuant to Section 5001 et seq. of Title 74 of the

Oklahoma Statutes and any successor agency;

3. “Governing body” means the city council, city commission,

board of trustees of a municipality or the board of commissioners of

a county;

4. “Participating Entity” means any municipality or county

comprising an established Regional District;

5. “Project” means the acquisition or construction of real or

personal property, or both, by or for the use of public or private

entities as may be authorized for economic development purposes by

the Legislature pursuant to the provisions of Section 35 of Article

X of the Oklahoma Constitution; and

6. “Regional District” means a regional economic development

district, as designated by the Governor pursuant to Section 7 of

this act.

Added by Laws 2001, c. 318, § 3, eff. Nov. 8, 2002.

Oklahoma Statutes - Title 62. Public Finance