Oklahoma § 74-878 - Maximizing amount of capital available for industrial
Full text of Oklahoma Oklahoma Statutes § 74-878 — Maximizing amount of capital available for industrial, with citation guidance and answers to common questions.
§ 74-878. Maximizing amount of capital available for industrial
financing.
That in those instances in which the amount of capital available
for industrial financing in the State of Oklahoma tends to be
reduced by reason of reduction in the volume of tax-exempt
industrial bonds issued or issuable by cities or counties in
Oklahoma, or by reason of federal statutes or United States Treasury
Department rulings limiting or adversely affecting this method of
financing said industrial projects in this state, the Oklahoma
Industrial Finance Authority is hereby authorized, within its sole
discretion, to accept applications and make loans to industrial
development agencies, as the same are defined by law. As security
therefor the Authority shall take a mortgage upon the industrial
facility from such industrial development agency holding legal title
to the same, and shall take a promissory note or notes for the
amount of such loan from an approved industrial tenant. The above
financing arrangement shall be in addition to all other loan
procedures heretofore authorized by law governing the lending
operations of the Oklahoma Industrial Finance Authority, it being
the intent and purpose of the Legislature to maximize the amount of
loan capital available from all sources for industrial development
purposes in Oklahoma.
Laws 1969, p. 625, S.J.R. No. 25, § 1, emerg. eff. April 30, 1969.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 74-878
What does Oklahoma Statutes § 74-878 cover?
Section 74-878 ("Maximizing amount of capital available for industrial") 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 § 74-878?
A common citation format is "Oklahoma Statutes § 74-878" (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 § 74-878 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.