Okla. Admin. Code § 725:15-35-3

Current through Vol. 42, No. 3, October 15, 2024

Section 725:15-35-3 - Identification of projects

(a) The Department may develop a list of proposed projects that will be considered for financing. The list shall be utilized when seeking underwriter, bond counsel and other services and advice relevant to the proposed financing. Any number of projects may be included in a respective issuance. The list shall include but is not limited to the following information.

(1) the name of the project including location and short title,

(2) the purpose and justification for such project,

(3) estimated cost of the project, including design costs if necessary,

(4) a description of how the project will be done, whether bid or other means of performance,

(5) the anticipated revenue generated by the project to be dedicated to the repayment of debt service assigned to the issue notes and bonds,

(6) the source of funds to be used for the repayment of such debt service assigned to the issuance of the notes and bonds,

(7) an estimation of the useful life of the project, and

(8) an approximation of the operating or maintenance costs that will be associated with the project.

(b) The list of proposed projects may be adjusted by the Department as needed to obtain a successful issuance.

Okla. Admin. Code § 725:15-35-3

Added at 19 Ok Reg 3025, eff 8-13-02 (emergency); Added at 20 Ok Reg 1355, eff 5-27-03

Amended by Oklahoma Register, Volume 38, Issue 24, September 1, 2021, eff. 9/11/2021