Oklahoma § 74-2267 - Refunding bonds
Full text of Oklahoma Oklahoma Statutes § 74-2267 — Refunding bonds, with citation guidance and answers to common questions.
§ 74-2267. Refunding bonds
The Commission may issue bonds under this act for the purpose of
refunding any obligations of the Commission previously issued under
this act, or may authorize and deliver a single issue of bonds
hereunder, in part for the purpose of refunding such obligations and
in part for the acquisition of additional properties or
improvements. Where bonds are issued under this section solely for
refunding purposes, such bonds may either be sold as above provided
Oklahoma Statutes - Title 74. State Government
or delivered in exchange for the outstanding obligations. If sold,
the proceeds may be either applied to the payment of the
obligations, refunded or deposited in escrow for the retirement of
the bond obligations. Nothing contained in this act shall be
construed to authorize the refunding of any outstanding obligations
which are not either maturing, callable for redemption under their
terms or voluntarily surrendered by their holders for cancellation.
All bonds issued under this section shall in all respects be
authorized, issued, and secured in the manner provided for other
bonds issued under this act and shall have all of the attributes of
such bonds. The Commission may provide that any refunding bonds
shall have the same priority of lien on the revenues pledged for
their payment as was enjoyed by the obligations which are refunded.
Added by Laws 2005, c. 363, § 68, eff. Nov. 1, 2005.
Frequently Asked Questions About Oklahoma § 74-2267
What does Oklahoma Statutes § 74-2267 cover?
Section 74-2267 ("Refunding bonds") 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 § 74-2267?
A common citation format is "Oklahoma Statutes § 74-2267" (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 § 74-2267 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.