Oklahoma § 73-184 - Equipment leasing and finance program
Full text of Oklahoma Oklahoma Statutes § 73-184 — Equipment leasing and finance program, with citation guidance and answers to common questions.
§ 73-184. Equipment leasing and finance program
The Oklahoma Capitol Improvement Authority, in cooperation with
the State Treasurer, is hereby authorized to create and administer a
Oklahoma Statutes - Title 73. State Capital and Capitol Building
state agency equipment leasing and finance program. The Authority
may issue notes or other obligations, the proceeds of which may be
used to acquire equipment required by state agencies. The Authority
may lease the equipment to state agencies and pledge the revenues
from the leases to secure the notes or obligations. The notes or
obligations shall not be debts of the State of Oklahoma but shall be
payable solely from the revenue derived from the leases. Provided,
the Authority is further authorized to notify the Office of
Management and Enterprise Services of any default by an agency
leasing equipment under the program. If the Office of Management
and Enterprise Services determines that the defaulting agency has
funds lawfully available to pay the defaulted lease payment, the
Office of Management and Enterprise Services is authorized and
directed to generate the payment to the Authority and reduce the
spending authority of the defaulting agency by a corresponding
amount. The State Treasurer is authorized to purchase the notes or
obligations from the Authority as an investment at rates comparable
with other state investments. The Attorney General shall review and
approve all documentation necessary to carry out the program. The
Authority may authorize a total maximum authorized amount of notes
and obligations to be used for the program on a fiscal year basis,
and it shall not be necessary to adopt a resolution for each
individual note or obligation secured by a state agency lease. Not
more than Five Million Dollars ($5,000,000.00) of such notes or
obligations for this purpose may be issued in any single fiscal
year.
Added by Laws 2000, c. 136, § 16, eff. July 1, 2000. Amended by
Laws 2012, c. 304, § 685.
Frequently Asked Questions About Oklahoma § 73-184
What does Oklahoma Statutes § 73-184 cover?
Section 73-184 ("Equipment leasing and finance program") 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 § 73-184?
A common citation format is "Oklahoma Statutes § 73-184" (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 § 73-184 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.