Title 62 — Title 62 — Public Finance

The Legislature hereby finds and declares that there is a need to establish procedures for the efficient sale and issuance of bonds or other obligations by State Governmental Entities which are hereby declared to be essential to the economic well-being of the state. The Legislatu…

This act shall be known and may be cited as the "Oklahoma Private Activity Bond Allocation Act". Added by Laws 1990, c. 326, § 1, emerg. eff. May 30, 1990.

activity bonds. Pursuant to the provisions of the Federal Tax Reform Act of 1986 (26 U.S.C., Section 1 et seq.), as amended, under which a ceiling is established on the amount of private activity bonds which may be issued in a state during any calendar year, the following formula…

As used in the Oklahoma Private Activity Bond Allocation Act: 1. "Application for state ceiling allocation" means the application form provided by the Deputy Treasurer for Debt Management which shall be filed by or on behalf of the issuer in compliance with the requirements of th…

placed. A. For the period January 1 through June 30 of each calendar year, the state ceiling shall be reserved and placed in pools according to the following: 1. Ten percent (10%) of the state ceiling shall be reserved and placed in a pool designated as the Student Loan Pool. All…

be issued for year - Publication - Application by issuers for allocation of state ceilings - Contents. A. On January 1 of each calendar year or the first business day thereafter, the Deputy Treasurer for Debt Management shall determine the maximum total volume of private activity…

The definitions, terms and provisions of the Oklahoma Private Activity Bond Allocation Act shall apply solely to private activity bonds pursuant to the applicable provisions of the Internal Revenue Code. Added by Laws 1990, c. 326, § 6, emerg. eff. May 30, 1990.

As used in the Oklahoma Bond Oversight and Reform Act: 1. "Council" means the Council of Bond Oversight; 2. "State Governmental Entity" means the State of Oklahoma or any agency, board, commission, authority, department, public trust of which the state is the beneficiary or other…

62 O.S. § 695.4 Repealed by Laws 2012, c. 275, § 9, eff. Nov. 1, 2012

62 O.S. § 695.5 Repealed by Laws 2012, c. 275, § 9, eff. Nov. 1, 2012

62 O.S. § 695.6 Repealed by Laws 2012, c. 275, § 9, eff. Nov. 1, 2012

A. The Council of Bond Oversight shall consist of five (5) members as follows: 1. One member shall be appointed by the President Pro Tempore of the Senate; 2. One member shall be appointed by the Speaker of the House of Representatives; 3. Two members shall be appointed by the Go…

A. The State Treasurer shall engage the services of a person knowledgeable in the current state of the art of national and international standards for the issuance of obligations by governmental entities and experienced in the negotiation of fees for various goods and services re…

62 O.S. § 695.7a Repealed by Laws 2017, c. 374, § 6, eff. Nov. 1, 2017

A. The Council of Bond Oversight shall: 1. Make determinations as to whether the purposes for which obligations proposed to be issued by a State Governmental Entity, in conjunction with a State Governmental Entity Financing, are for the furtherance and accomplishment of authorize…

There is hereby created in the State Treasury a revolving fund for the Office of the State Treasurer, to be designated the "Bond Oversight Revolving Fund". The fund shall be a continuing fund, not subject to fiscal year limitations, and shall consist of fees collected pursuant to…

62 O.S. § 695.8b Repealed by Laws 1994, c. 322, § 33, eff. July 1, 1994

OS 62-695.9v1 (SB 1050, Laws 2021, c. 204, § 14). OS 62-695.9v2 (SB 1049, Laws 2021, c. 203, § 11).

issuance of obligations. A. No State Governmental Entity or Local Governmental Entity shall issue any State Governmental Entity Financing obligations unless such obligations have been approved by the Council of Bond Oversight as provided for in Section 695.8 of this title; provid…

issuance of obligations. A. No State Governmental Entity or Local Governmental Entity shall issue any State Governmental Entity Financing obligations unless such obligations have been approved by the Council of Bond Oversight as provided for in Section 695.8 of this title; provid…

§ 64, eff. July 1, 2009.

§ 64, eff. July 1, 2009.

§ 54.

242, § 54.

§ 64, eff. July 1, 2009.

§ 64, eff. July 1, 2009.

§ 64, eff. July 1, 2009.

§ 64, eff. July 1, 2009.

64, eff. July 1, 2009.

§ 64, eff. July 1, 2009.

§ 64, eff. July 1, 2009.

This act shall be known and may be cited as the "Incentive Evaluation Act". Added by Laws 2015, c. 184, § 1, eff. Nov. 1, 2015.

As used in this act, "incentive" means a tax credit, tax exemption, tax deduction, tax expenditure, rebate, grant, or loan that is intended to encourage businesses to locate, expand, invest, or remain in Oklahoma, or to hire or retain employees in Oklahoma. Added by Laws 2015, c.…

Committee. A. There is hereby established the Incentive Evaluation Commission consisting of: 1. A certified public accountant appointed by the Oklahoma Accountancy Board whose term shall expire on December 31, 2025; 2. The Chair of Select Oklahoma an Economic Development Partners…

A. For calendar years 2024 through 2027 and every four (4) years thereafter, the Incentive Evaluation Commission shall ensure that each incentive is evaluated within the four-year evaluation period unless the Commission determines that the incentive is exempt from evaluation. The…

Criteria – Records disclosure. A. The Commission may contract with a private company, nonprofit, or academic institution to assist with evaluation of each incentive. The Commission shall develop a scope of services for a request for proposals issued pursuant to the Oklahoma Centr…

62 O.S. § 701 Repealed by Laws 2015, c. 120, § 1, eff. Nov. 1, 2015

62 O.S. § 702 Repealed by Laws 2015, c. 120, § 1, eff. Nov. 1, 2015

62 O.S. § 703 Repealed by Laws 2015, c. 120, § 1, eff. Nov. 1, 2015

62 O.S. § 704 Repealed by Laws 2015, c. 120, § 1, eff. Nov. 1, 2015

depositories - Relationship with financial institutions - Limitations on deposits - Reports. A. The State Treasurer is authorized and directed to select a number of banks, savings banks or savings and loan associations and credit unions within the State of Oklahoma as depositorie…

A. There is hereby created the Invest in Oklahoma Board. The Board shall consist of five (5) members as follows: 1. The Governor, or designee; 2. The Lieutenant Governor, or designee; 3. The State Treasurer, or designee; 4. An appointee of the Speaker of the House of Representati…

The State Treasurer is authorized to purchase software, hardware, and associated services to assist the State Treasurer in the Treasurer's duties related to the control, custody, deposit, transfer disbursement, management and investment of funds and securities held by the state. …

Sections 5 through 11 of this act shall be known and may be cited as the "Security for Public Deposits Act". Added by Laws 1987, c. 194, § 5, operative July 1, 1987.

As used in the Security for Public Deposits Act, "financial institution" means banks, savings banks, savings and loan associations and credit unions. Added by Laws 1987, c. 194, § 6, operative July 1, 1987.

All public deposits made by the State Treasurer in financial institutions shall be secured as provided for in the Security for Public Deposits Act. As used in this section, "public deposits" shall not include those types of investments specified in paragraphs 1, 3, 4, 5, 6, 7 and…

A. The State Treasurer shall require that financial institutions deposit collateral securities or instruments to secure the deposits of the state in each such institution. The amount of collateral securities or instruments to be pledged for the security of public deposits shall b…

A. To the extent that public trusts that have the state or any city, town or county as a beneficiary deposit monies in financial institutions, the public trust shall place its monies only in collateralized or insured certificates of deposit and other evidences of deposit. To the …

A. For purposes of securing public deposits, the State Treasurer may accept as collateral only those securities and other instruments listed below. To insure the safety of public funds, the State Treasurer may establish standards which restrict, or limit further, any of the types…

In the event of a default or insolvency of a public depository, the State Treasurer shall implement the following procedures: 1. In cooperation with the State Department of Banking and other regulatory officials, the State Treasurer shall ascertain the amount of public funds on d…