Oklahoma § 74-5062.35 - Appropriations - Repayment - Bonds
Full text of Oklahoma Oklahoma Statutes § 74-5062.35 — Appropriations - Repayment - Bonds, with citation guidance and answers to common questions.
§ 74-5062.35. Appropriations - Repayment - Bonds
A. It is the intent of the Legislature to appropriate monies to
the Oklahoma Department of Commerce in a total amount not to exceed
Five Million Dollars ($5,000,000.00) per year for the purpose of
funding interest payments of obligations issued by the Authority
Oklahoma Statutes - Title 74. State Government
pursuant to this act during the initial five (5) years of the
obligations. The appropriated funds shall be deposited in the
Military Base Protection and Expansion Bond Fund.
B. Upon the completion of the periods, if any, during which
principal payments are deferred and during which interest payments
are made from the Military Base Protection and Expansion Bond Fund
for a qualified issuer, the qualified issuer shall pay all
principal, interest, and other appropriate costs associated with the
issuance of the obligations. Payments may be in the form of lease
payments to the Authority as described in subsection D of Section
5062.34 of this title.
C. Bonds issued by the Authority under this act must be
delivered no later than June 30, 2010. No monies will be provided
pursuant to this section after June 30, 2015, for interest payments
on bonds issued under this act.
Added by Laws 2007, c. 349, § 7, emerg. eff. June 4, 2007. Amended
by Laws 2008, c. 217, § 11, emerg. eff. May 20, 2008.
Frequently Asked Questions About Oklahoma § 74-5062.35
What does Oklahoma Statutes § 74-5062.35 cover?
Section 74-5062.35 ("Appropriations - Repayment - 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 § 74-5062.35?
A common citation format is "Oklahoma Statutes § 74-5062.35" (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 § 74-5062.35 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.