Oklahoma Administrative Code
Title 725 - Oklahoma Tourism and Recreation Department
Chapter 15 - Fiscal, Personnel and General Operations
Subchapter 35 - Revenue Bond and Note Issuance
Section 725:15-35-3 - Identification of projects
Universal Citation: OK Admin Code 725:15-35-3
Current through Vol. 41, No. 13, March 15, 2024
(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.
Added at 19 Ok Reg 3025, eff 8-13-02 (emergency); Added at 20 Ok Reg 1355, eff 5-27-03
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