Okla. Admin. Code § 330:15-9-9

Current through Vol. 42, No. 8, January 2, 2025

Section 330:15-9-9 - Trustee action to be taken

Programs shall be developed and implemented only upon the following minimum action of the Trustees:

(1) The adoption of an initial resolution authorizing the development of a program:

(A) Specifying the maximum size of the program;

(B) Directing the staff to seek CAP allocation from the State (when applicable);

(C) Directing staff to take such preliminary action as may be required in law to select professional services providers; and

(D) Directing staff to take such action as may be necessary to determine the necessity for a program and the size thereof.

(2) The adoption of resolutions selecting professional services providers; and

(3) The adoption of a final resolution approving all Program Documents, agreements, and procedures, and authorizing the sale of the bonds and the implementation of the program and specifying the interest rates for the bonds and taking such other action as may be necessary to implement the Program.

Okla. Admin. Code § 330:15-9-9

Amended by Oklahoma Register, Volume 37, Issue 24, September 1, 2020, eff. 1/1/2021

Amended by Oklahoma Register, Volume 40, Issue 22, August 1, 2023, eff. 1/1/2024