Oklahoma § 74-5102 - Short title - Purpose - Definitions
Full text of Oklahoma Oklahoma Statutes § 74-5102 — Short title - Purpose - Definitions, with citation guidance and answers to common questions.
§ 74-5102. Short title - Purpose - Definitions
A. Sections 1 through 3 of this act shall be known and may be
cited as the “Local Development Financing Act”.
Oklahoma Statutes - Title 74. State Government
B. The purpose of the Local Development Financing Act shall be
to augment and enhance Section 6C of Article X of the Oklahoma
Constitution by:
1. Assisting communities, especially small and rural towns and
counties, by providing a financial resource for economic development
endeavors; and
2. Creating marketability for tax apportionment financing
vehicles under the Local Development Act.
C. As used in this act:
1. “Administrator” means an organization authorized by an
issuer of a debt obligation pursuant to the Local Development Act,
which undertakes the performance of the responsibilities contained
in subsection C of Section 3 of this act; and
2. “Pooling issuer” means any state or local public entity
authorized to issue notes or bonds pursuant to the Oklahoma Statutes
for economic development financing of state industries and public
facilities.
Added by Laws 2004, c. 527, § 1, eff. July 1, 2004.
Frequently Asked Questions About Oklahoma § 74-5102
What does Oklahoma Statutes § 74-5102 cover?
Section 74-5102 ("Short title - Purpose - Definitions") 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 § 74-5102?
A common citation format is "Oklahoma Statutes § 74-5102" (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 § 74-5102 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.