Oklahoma § 74-5063.11 - General obligation bonds - Authority to issue Written plan for issuance
Full text of Oklahoma Oklahoma Statutes § 74-5063.11 — General obligation bonds - Authority to issue Written plan for issuance, with citation guidance and answers to common questions.
§ 74-5063.11. General obligation bonds - Authority to issue Written plan for issuance
A. The Oklahoma Development Finance Authority is hereby
authorized to issue bonds of the State of Oklahoma, to be known as
Credit Enhancement Reserve Fund General Obligation Bonds, in a total
principal amount not to exceed One Hundred Million Dollars
($100,000,000.00) for the sole purpose of generating monies to be
deposited to the Fund.
B. The Oklahoma Development Finance Authority shall not issue
Credit Enhancement Reserve Fund General Obligation Bonds unless and
until the Authority has determined that there are insufficient
monies in the Credit Enhancement Reserve Fund to cover imminent
losses on revenue bonds or other obligations insured by the Fund.
In such instances, the Authority shall, prior to the issuance of any
State of Oklahoma Credit Enhancement Reserve Fund General Obligation
Bonds, submit to the Executive Bond Oversight Commission and
Legislative Bond Oversight Commission a written plan describing the
need for the issuance of the bonds.
Added by Laws 1987, c. 222, § 81, operative July 1, 1987. Amended
by Laws 1989, c. 374, § 11, emerg. eff. June 6, 1989; Laws 1990, c.
342, § 16, emerg. eff. May 30, 1990; Laws 1993, c. 275, § 45, eff.
July 1, 1994.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 74-5063.11
What does Oklahoma Statutes § 74-5063.11 cover?
Section 74-5063.11 ("General obligation bonds - Authority to issue Written plan for issuance") 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 § 74-5063.11?
A common citation format is "Oklahoma Statutes § 74-5063.11" (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 § 74-5063.11 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.