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Code · Oklahoma · Title 74 — State Government

§74-5085.16. Effect.

155 words·~1 min read·/ok/title-74-state-government/74-5085-16·

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None of the provisions of the Oklahoma Capital Formation Act shall alter, amend, modify, affect, diminish, or impair the enforceability of, or any obligation or liability of the Oklahoma Science and Technology Research and Development Board or any entity which is a subsidiary or affiliate of the Board or any entity which is controlled either directly or indirectly by the Board under any contract, agreement, guarantee, or instrument entered into or delivered by such party with any business entity or bank, financial institution, or any other entity existing as of June 8, 2012, including, without limitation, any guarantee extended by the Board and any assignment of any third-party commitments to purchase, and proceeds released from the sale of, tax credits, all of which shall remain in full force and effect.
Added by Laws 2012, c. 361, § 4, emerg. eff. June 8, 2012. Amended by Laws 2025, c. 155, § 9, eff. Nov. 1, 2025.
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