Oklahoma § 70-9011 - Bond proceeds – Authorized expenditures – Final
Full text of Oklahoma Oklahoma Statutes § 70-9011 — Bond proceeds – Authorized expenditures – Final, with citation guidance and answers to common questions.
§ 70-9011. Bond proceeds – Authorized expenditures – Final
authority.
A. Proceeds from bonds or other evidence of indebtedness issued
by the higher education funding district may be expended on such
assets as authorized by the provisions of the Internal Revenue Code
of 1986, as amended, or other provisions of federal or state law
based on whether the interest income paid to bondholders is exempt
from federal or state income tax.
B. Final maturity of any obligation issued by the higher
education funding district shall not exceed twenty-five (25) years.
C. Bonds or other evidence of indebtedness issued by a higher
education funding district may be sold using such procedures as may
be established by the board of regents of the institution for whose
benefit the higher education funding district has been created.
Added by Laws 2022, c. 406, § 11.
Oklahoma Statutes - Title 70. Schools
Frequently Asked Questions About Oklahoma § 70-9011
What does Oklahoma Statutes § 70-9011 cover?
Section 70-9011 ("Bond proceeds – Authorized expenditures – Final") 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 § 70-9011?
A common citation format is "Oklahoma Statutes § 70-9011" (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 § 70-9011 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.