Oklahoma § 70-3980.3 - Definitions

§ 70-3980.3. Definitions

As used in the Oklahoma Higher Education Promise of Excellence

Act of 2005, and unless the context clearly requires otherwise:

1. “Authorized issuer” means:

a.

the Oklahoma State Regents for Higher Education acting

for the benefit of any institution within The Oklahoma

State System of Higher Education other than the

University of Oklahoma or Oklahoma State University,

Oklahoma Statutes - Title 70. Schools

b.

the Board of Regents of the University of Oklahoma

acting for the benefit of the University of Oklahoma,

c.

the Board of Regents for the Oklahoma Agricultural and

Mechanical Colleges, acting for the benefit of

Oklahoma State University,

d.

the Board of Regents of Oklahoma Colleges, also known

as the Regional University System of Oklahoma (RUSO)

pursuant to Section 3507.1 of this title, acting for

the benefit of the institutions supervised and managed

by RUSO, and

e.

the Oklahoma Capitol Improvement Authority;

2. “Bonds” means any bonds, notes, obligations, debentures,

interim certificates, grant and revenue anticipation notes, interest

in a lease, lease certificates of participation, lease purchase

agreements, commercial paper, variable interest rate obligations of

any kind, or other evidences of indebtedness, whether or not the

interest on which is includable in the gross income of the

recipients thereof for federal income tax purposes, issued by an

authorized issuer pursuant to the Oklahoma Higher Education Promise

of Excellence Act of 2005;

3. “Regents” means either the Oklahoma State Regents for Higher

Education, the Board of Regents of the University of Oklahoma, the

Board of Regents for the Oklahoma Agricultural and Mechanical

Colleges, or RUSO; and

4. “State Regents” means the Oklahoma State Regents for Higher

Education.

Added by Laws 2005, c. 2, § 3, emerg. eff. March 31, 2005. Amended

by Laws 2005, c. 218, § 2, emerg. eff. May 24, 2005; Laws 2023, c.

186, § 3.