Section 878 - Use of bond proceedsA. Any municipality or county which has established a rural housing incentive district may use the proceeds of special obligation bonds issued under Section 8 of this act, or any uncommitted funds derived from those sources of revenue set forth in subsection A of Section 8 of this act, to implement specific projects identified within the rural housing incentive district project plan including, without limitation: 1. Acquisition of property within the specific project area or areas as provided in Section 7 of this act;2. Payment of relocation assistance;4. Sanitary and storm sewers and lift stations;5. Drainage conduits, channels and levees;6. Street grading, paving, graveling, macadamizing, curbing, guttering and surfacing;7. Street lighting fixtures, connection and facilities;8. Underground gas, water, heat, and electrical services and connections located within the public right-of-way;10. Water mains and extensions.B. None of the proceeds from the sale of special obligation bonds issued under Section 8 of this act shall be used for the construction of buildings or other structures to be owned by or to be leased to any developer of a residential housing project within the district.Okla. Stat. tit. 62, § 878
Added by Laws 1999, c. 140, § 9, eff. 11/1/1999.