Oklahoma § 62-891.9 - Local governments liable for debt issued — Payments
Full text of Oklahoma Oklahoma Statutes § 62-891.9 — Local governments liable for debt issued — Payments, with citation guidance and answers to common questions.
§ 62-891.9. Local governments liable for debt issued — Payments
A. With respect to an eligible project financed through the
Infrastructure Pool, local government entities shall be required to
be financially responsible for the repayment of the debt issued by
the Oklahoma Development Finance Authority.
B. With respect to obligations incurred by the Authority for an
authorized infrastructure project, local government entities shall
make payments to the Oklahoma Development Finance Authority for
principal, interest, required reserve amounts, and any other amount
required in order to make the obligations issued by the Authority
marketable.
C. Repayment by local government entities pursuant to the
provisions of this section shall consist of authorized revenue
sources including, but not limited to, taxes levied by the local
government entities or which are available for use by such entities
pursuant to the provisions of Section 1370 of Title 68 of the
Oklahoma Statutes, Section 2701 et seq. of Title 68 of the Oklahoma
Statutes and the provisions of Sections 13 and 14 of this act.
D. The Authority shall use the monies in the Community Economic
Development Pooled Finance Revolving Fund created by Section 15 of
this act in order to make payments of principal, interest and other
costs.
Added by Laws 2009, c. 309, § 9, eff. July 1, 2009.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 62-891.9
What does Oklahoma Statutes § 62-891.9 cover?
Section 62-891.9 ("Local governments liable for debt issued — Payments") 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 § 62-891.9?
A common citation format is "Oklahoma Statutes § 62-891.9" (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 § 62-891.9 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.