Title 62 — Title 62 — Public Finance
0 chapters · 1,072 sections in this title.
62 O.S. § 57.303 Amount and purpose of indebtedness - Unused funds -
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Issuance of bonds - Revenue sources for payment of bonds. A. The Commission acting for and on behalf of the State of Oklahoma shall be the agency by and through which the State of Oklahoma shall incur indebtedness in the sum of Three Hundred Fifty Million Dollars ($350,000,000.00…
62 O.S. § 57.304 Oklahoma Building Bonds of 1992 Sinking Fund - Pledge
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of funds - Transmission of taxes and schedule - Deposit of funds - Pledges and covenants of state. A. There is hereby created in the State Treasury a special fund to be known and designated as the "Oklahoma Building Bonds of 1992 Sinking Fund" which is hereby irrevocably pledged …
62 O.S. § 57.305 Series and form of bonds - Place of payment - Maturity
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dates - Particulars of resolution or indenture of Commission - Payments into sinking fund - Negotiability - Tax exemption. A. The bonds may be issued in one or more series and shall be in the form designated by the Commission. Said bonds and the interest thereon shall be payable …
62 O.S. § 57.306 Oklahoma Building Bonds of 1992 Fund - Investment of
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funds. A. There is hereby created in the State Treasury of the State of Oklahoma the "Oklahoma Building Bonds of 1992 Fund". The proceeds of the sale of bonds pursuant to this act shall be deposited in said fund, where they shall remain subject to disposition to be provided for b…
62 O.S. § 57.307 Procedures and requirements for advertisement and sale
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of bonds. A. The Commission shall advertise said bonds for sale in the manner hereinafter provided. Notice of such sale shall be published at least ten (10) days prior to the date fixed for such sale. Such notice shall be published in a newspaper having general circulation in the…
62 O.S. § 57.308 Maximizing college savings bond program
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It is the intent of the Oklahoma Legislature that an amount not to exceed One Hundred Million Dollars ($100,000,000.00) of any issue of bonds pursuant to this act should be structured so as to maximize a college savings bond program to benefit Oklahoma families. For this purpose,…
62 O.S. § 57.309 Interim bonds
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The Commission is authorized to issue one or more interim bonds representative of the bonds so sold, which may be in any denomination, shall have all the qualities and be secured by all the covenants and pledges made to secure the bonds so sold; however, the interim bonds shall r…
62 O.S. § 57.31 Intent and purpose
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It is the intent and purpose of this act to vitalize Section 34 of Article X of the Constitution of the State of Oklahoma, adopted at the special election held for such purpose on the 5th day of July, 1960, and to invoke and exercise the powers conferred upon the Legislature ther…
62 O.S. § 57.310 Investment in bonds issued under act - Use as
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collateral security. Any bank, trust or insurance company organized under the laws of Oklahoma may invest its capital, surplus and reserve funds and other funds under its control in bonds issued under the provisions of this act. The officers having charge of any fund of the State…
62 O.S. § 57.311 Attorney General to examine proceedings of Commission
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resolutions passed and action taken in sale of bonds - Execution and filing of Attorney General's certificate - Facsimile of certificate to appear on bonds - Jurisdiction of litigation - Signatures and certificate required on bonds - Registration of bonds - Seals. A. Within ten (…
62 O.S. § 57.312 Investment of sinking fund monies - Deposit of
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earnings. The State Treasurer shall invest all sinking fund monies in direct obligations of the United States of America or in certificates of deposits from banks in the State of Oklahoma acceptable as depositories by the State Treasurer when such certificates of deposits are sec…
62 O.S. § 57.313 Filing application with Supreme Court for determination
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on bonds. The Commission is authorized in its discretion to file an application with the Supreme Court of Oklahoma for the approval of any series of bonds to be issued hereunder, and exclusive original jurisdiction is hereby conferred upon the Supreme Court to hear and determine …
62 O.S. § 57.314 Repealed by Laws 1995, c. 337, § 20, eff. July 1, 1995
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62 O.S. § 57.314 Repealed by Laws 1995, c. 337, § 20, eff. July 1, 1995
62 O.S. § 57.315 Repealed by Laws 1995, c. 30, § 12, emerg. eff. March
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31, 1995.
62 O.S. § 57.316 Refinancing and restructuring of outstanding
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obligations - Pledge of tax revenue. A. The Oklahoma Building Bonds Commission is authorized until June 30, 2011, to issue bonds, notes, or other obligations for the purpose of refinancing or restructuring its outstanding obligations regarding bonds issued under the 1992 Oklahoma…
62 O.S. § 57.32 Building Bonds Commission - Indebtedness - Purposes
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The State of Oklahoma Building Bonds Commission, created by Section 57.302 of Title 62 of the Oklahoma Statutes, acting for and on behalf of the State of Oklahoma, shall be the agency by and through which the State of Oklahoma shall incur indebtedness to the extent of the sum of …
62 O.S. § 57.33 Issuance and sale of bonds - Pledges - Sinking fund
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The Commission, acting for and on behalf of the State of Oklahoma, shall issue, sell, and deliver as hereinafter provided, "State of Oklahoma Building Bonds of 1961" in a total principal amount of Thirty-five Million Five Hundred Thousand Dollars ($35,500,000.00). It is hereby ex…
62 O.S. § 57.34 Form and terms - Call and redemption - Negotiability -
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Tax exemption. Bonds issued under this act shall be serial coupon bonds. Said bonds and the interest thereon shall be payable at such place or places as may be designated by the State of Oklahoma Building Bonds Commission. Said bonds may be issued in one or more series, may bear …
62 O.S. § 57.35 Advertisement and sale of bonds
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The Commission shall advertise said bonds for sale in the manner hereinafter provided. Notice of such sale shall be published at least twenty (20) days prior to the date fixed for such sale. Such notice shall be published for at least two (2) consecutive weeks in a newspaper havi…
62 O.S. § 57.36 Interim bonds
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The Commission is authorized to issue one or more interim bonds representative of the bonds so sold, which interim bonds may be in any denomination, shall have all the qualities and be secured by all the covenants and pledges made to secure the bonds so sold, but said interim bon…
62 O.S. § 57.37 Investment - Approval as collateral security
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Any bank, trust or insurance company organized under the laws of Oklahoma may invest its capital, surplus and reserve funds and other funds under its control in bonds issued under the provisions of this act. The officers having charge of any fund of the State of Oklahoma, or any …
62 O.S. § 57.38 Certificate of Attorney General - Signatures and seals
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Within ten (10) days after the sale or sales of said bonds, the Attorney General of the State of Oklahoma shall examine all of the proceedings of the Commission and all resolutions passed and actions taken by it in connection with the authorization and issuance and sale of such b…
62 O.S. § 57.39 Delivery of bonds upon payment - Deposit and investment
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of proceeds - Interest. The bonds and interest coupons attached thereto shall be delivered to the purchaser thereof only upon payment of par and accrued interest to the date of delivery thereof, together with any premium bid. The proceeds of the sale of said bonds shall be deposi…
62 O.S. § 57.4 Form and terms of bonds - Payments into sinking fund -
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Call and redemption - Negotiability - Exemption from taxation. The bonds so authorized shall be serial coupon bonds and shall be issued to mature One Million Five Hundred Thousand Dollars ($1,500,000.00) on the fifteenth day of July in each of the calendar years 1951 to 1974, bot…
62 O.S. § 57.40 Investment of sinking fund monies
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The State Treasurer shall invest all sinking fund monies in direct obligations of the United States of America or in certificates of deposits from banks in the State of Oklahoma acceptable as depositories by the State Treasurer when such certificates of deposits are secured by ac…
62 O.S. § 57.41 Refunding bonds
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The Commission may issue bonds hereunder for the purpose of refunding any obligations issued under the provisions of this act. Such bonds may either be sold or delivered in exchange for outstanding obligations. If sold, the proceeds may be either applied to the payment of the obl…
62 O.S. § 57.42 Approval of bonds by Supreme Court
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The Commission is authorized in its discretion to file an application with the Supreme Court of Oklahoma for the approval of any series of bonds to be issued hereunder, and exclusive original jurisdiction is hereby conferred upon the Supreme Court to hear and determine each such …
62 O.S. § 57.43 Attorney General as representative of Commission
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It is provided that the Attorney General of the State of Oklahoma shall represent the said Building Bonds Commission in the discharge of its functions provided by this act, and said Building Bonds Commission shall not employ a private attorney or attorneys. Laws 1961, p. 467, § 1…
62 O.S. § 57.5 Sale of bonds to State Treasurer and Commissioners of
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Land Office. (a) The State Treasurer of the State of Oklahoma is hereby authorized and required to purchase from the Commission at private sale, all or any part of said bonds, or interim bonds, as an investment of the public monies in his possession. In the event of such sale or …
62 O.S. § 57.51 Intent and purpose
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It is the intent and purpose of this act to vitalize Section 36 of Article X of the Constitution of the State of Oklahoma, adopted at the special election held for such purpose on the 3rd day of December 1963, and to invoke and exercise the powers conferred upon the Legislature t…
62 O.S. § 57.52 Building Bonds Commission as agency - Indebtedness -
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Purposes. The State of Oklahoma Building Bonds Commission, acting for and on behalf of the State of Oklahoma, shall be the agency by and through which the State of Oklahoma shall incur indebtedness to the extent of the sum of Seven Million Dollars ($7,000,000.00) as principal, fo…
62 O.S. § 57.53 Issuance and sale of bonds - Pledges and covenants -
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Sinking fund. The Commission, acting for and on behalf of of the State of Oklahoma, shall issue, sell and deliver as hereinafter provided, "State of Oklahoma Building Bonds of 1965" in a total principal amount of Seven Million Dollars ($7,000,000.00). It is hereby expressly provi…
62 O.S. § 57.54 Form and terms - Call and redemption - Negotiability -
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Tax exemption. Bonds issued under this act shall be serial coupon bonds and shall bear a rate of interest three and one-half percent (3 1/2%) per annum. Said bonds and the interest thereon shall be payable at the Office of the State Treasurer. Said bonds may be issued in one or m…
62 O.S. § 57.55 Sale of bonds to State Treasurer
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The State Treasurer of the State of Oklahoma shall purchase from the commission at a private sale all of said bonds at par as an investment of the public monies in his possession. The State Treasurer shall buy, and the commission is authorized and directed to, sell to the State T…
62 O.S. § 57.56 Certificate of Attorney General - Signatures and seals
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Within ten (10) days after the sale or sales of said bonds, the Attorney General of the State of Oklahoma shall examine all of the proceedings of the Commission and all resolutions passed and actions taken by it in connection with the authorization and issuance and sale of such b…
62 O.S. § 57.57 Delivery of bonds upon payment - Deposit and investment
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of proceeds - Interest. The bonds and interest coupons attached thereto shall be delivered to the State Treasurer upon payment of par and accrued interest to the date of delivery thereof. The proceeds of the sale of said bonds shall be deposited in the State Treasury of the State…
62 O.S. § 57.58 Investment of sinking fund monies
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The State Treasurer shall invest all sinking fund monies in direct obligations of the United States of America or in certificates of deposits from banks in the State of Oklahoma acceptable as depositories by the State Treasurer when such certificates of deposits are secured by ac…
62 O.S. § 57.59 Approval of bonds by Supreme Court
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The Commission is authorized in its discretion to file an application with the Supreme Court of Oklahoma for the approval of any series of bonds to be issued hereunder, and exclusive original jurisdiction is hereby conferred upon the Supreme Court to hear and determine each such …
62 O.S. § 57.6 Sale of bonds not sold to State Treasurer or
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Commissioners of Land Office. In the event said bonds, or some portion thereof, are not sold to the State Treasurer or the Commissioners of the Land Office, as authorized in Section 5 hereof, then the Commission is authorized to advertise said bonds or the unsold portion thereof,…
62 O.S. § 57.60 Attorney General as representative of Commission
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It is provided that the Attorney General of the State of Oklahoma shall represent the said Building Bonds Commission in the discharge of its functions provided by this act, and said Building Bonds Commission shall not employ or pay any private attorney or attorneys directly or in…
62 O.S. § 57.61 Purpose
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It is hereby declared to be the purpose of this act to vitalize the constitutional amendment indentified as House Joint Resolution No. 552 of the 30th Oklahoma Legislature, if, as and when the same shall be approved by the people of the State of Oklahoma. Laws 1965, c. 515, § 1.
62 O.S. § 57.62 Building Bonds Commission as agency - Indebtedness -
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Purposes. The State of Oklahoma Building Bonds Commission, created by Title 62, Oklahoma Statutes 1961, Section 57.1 acting for and on behalf of the State of Oklahoma shall be the agency by and through which the State of Oklahoma shall incur indebtedness to the extent of the sum …
62 O.S. § 57.63 Issuance and sale of bonds - Pledges - Sinking fund
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The Commission, acting for and on behalf of the State of Oklahoma, shall issue, sell and deliver as hereinafter provided, "State of Oklahoma Institutional Building Bonds of 1965" in a total principal amount of Fifty-four Million Seven Hundred Fifty Thousand Dollars ($54,750,000.0…
62 O.S. § 57.64 Form and terms - Call and redemption - Negotiability -
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Tax exemption. Bonds issued under this act shall be serial coupon bonds. Said bonds and the interest thereon shall be payable at such place or places as may be designated by the State of Oklahoma Building Bonds Commission. Said bonds shall be issued in series bearing such date or…
62 O.S. § 57.65 Advertisement and sale of bonds
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The Commission shall advertise said bonds for sale in the manner hereinafter provided. Notice of such sale shall be published at least twenty (20) days prior to the date fixed for such sale. Such notice shall be published for at least two (2) consecutive weeks in a newspaper havi…
62 O.S. § 57.66 Interim bonds
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The Commission is authorized to issue one or more interim bonds representative of the bonds so sold, which interim bonds may be in any denomination, shall have all the qualities and be secured by all the covenants and pledges made to secure the bonds so sold, but said interim bon…
62 O.S. § 57.67 Investment - Approval as collateral security
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Any bank, trust or insurance company organized under the laws of Oklahoma may invest its capital, surplus and reserve funds and other funds under its control in bonds issued under the provisions of this act. The officers having charge of any fund of the State of Oklahoma, or any …
62 O.S. § 57.68 Certificate of Attorney General - Signatures and seals
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Within ten (10) days after the sale or sales of said bonds, the Attorney General of the State of Oklahoma shall examine all of the proceedings of the Commission and all resolutions passed and actions taken by it in connection with the authorization and issuance and sale of such b…
62 O.S. § 57.69 Delivery of bonds upon payment - Deposit and investment
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of proceeds - Interest. The bonds and interest coupons attached thereto shall be delivered to the purchaser thereof only upon payment of par and accrued interest to the date of delivery thereof, together with any premium bid. The proceeds of the sale of said bonds shall be deposi…
62 O.S. § 57.7 Interim bonds
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The Commission is authorized to issue one or more interim bonds, representative of the bonds so sold, which said interim bonds may be in any denomination, shall have all of the qualities and be secured by all of the covenants and pledges made to secure the bonds so sold, but said…