Oklahoma § 70-9012 - Modification of millage rate – Submission to voters –

§ 70-9012. Modification of millage rate – Submission to voters –

Petition - Limits.

After the formation of a higher education funding district

authorized by this act, the question of modification of an

operational millage rate may be submitted to the voters of the

district by resolution of the board of regents of the institution

within The Oklahoma State System of Higher Education for the benefit

of which the district has been created or upon a petition signed by

ten percent (10%) or more of the eligible voters residing within the

boundary of a district. No millage rate in excess of that provided

for in Section 9B of Article X of the Oklahoma Constitution may be

approved and no sinking fund millage rate for repayment of bonds or

other evidence of indebtedness may be modified pursuant to the

provisions of this section. The question of modification of an

operational millage rate may be submitted at either a General

Election or a special election with notice of the question to be

provided in advance of the election date in the same manner as

provided by law for similar questions pursuant to Section 9B of

Article X of the Oklahoma Constitution or enabling legislation

enacted pursuant to authority of that section.

Added by Laws 2022, c. 406, § 12.