§74-876. Issuance and sale of additional state industrial finance
117 words·~1 min read·
/ok/title-74-state-government/74-876·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
bonds.
Pursuant to the provisions of Section 33A, Article X of the Oklahoma Constitution, empowering the Oklahoma Legislature to take such action, the Oklahoma Industrial Finance Authority is hereby authorized and empowered to issue and sell state industrial finance bonds backed by the full faith and credit of the State of Oklahoma, at such times and in such amounts as it may deem best, not to exceed an aggregate amount of Ninety Million Dollars ($90,000,000.00) outstanding at any one time.
The additional bonds authorized pursuant to State Question 600 shall only be sold as needed in increments not to exceed Ten Million Dollars ($10,000,000.00). Amended by Laws 1987, c. 9, § 9, emerg. eff. March 31, 1987.