Section 3980.3 - Definitions As used in the Oklahoma Higher Education Promise of Excellence Act of 2005, and unless the context clearly requires otherwise:
1. "Authorized issuer" means:a. the Oklahoma State Regents for Higher Education acting for the benefit of any institution within The Oklahoma State System of Higher Education other than the University of Oklahoma or Oklahoma State University,b. the Board of Regents of the University of Oklahoma acting for the benefit of the University of Oklahoma,c. the Board of Regents for the Oklahoma Agricultural and Mechanical Colleges, acting for the benefit of Oklahoma State University, d. the Board of Regents of Oklahoma Colleges, also known as the Regional University System of Oklahoma (RUSO) pursuant to Section 3507.1 of this title, acting for the benefit of the institutions supervised and managed by RUSO, ande. the Oklahoma Capitol Improvement Authority;2. "Bonds" means any bonds, notes, obligations, debentures, interim certificates, grant and revenue anticipation notes, interest in a lease, lease certificates of participation, lease purchase agreements, commercial paper, variable interest rate obligations of any kind, or other evidences of indebtedness, whether or not the interest on which is includable in the gross income of the recipients thereof for federal income tax purposes, issued by an authorized issuer pursuant to the Oklahoma Higher Education Promise of Excellence Act of 2005;3. "Regents" means either the Oklahoma State Regents for Higher Education, the Board of Regents of the University of Oklahoma , the Board of Regents for the Oklahoma Agricultural and Mechanical Colleges, or RUSO; and4. "State Regents" means the Oklahoma State Regents for Higher Education.Okla. Stat. tit. 70, § 3980.3
Amended by Laws 2023, c. 186,s. 3, eff. 8/24/2023.Added by Laws 2005 , HB 1191, c. 2, § 3, emerg. eff. 3/31/2005; Amended by Laws 2005 , SB 745, c. 218, § 2, emerg. eff. 5/24/2005.