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 725:15-35-5 - Resolution
Universal Citation: OK Admin Code 725:15-35-5
Current through Vol. 42, No. 1, September 16, 2024
(a) The Department shall provide a resolution as appropriate for the official issuance of revenue notes and bonds for lawful purposes at any scheduled meeting held pursuant to the Open Meetings Act.
(b) The resolution may provide for the following:
(1) a description of the type,
form and character of the note(s) or issuance and the amount,
(2) authorizations as necessary for the
execution of the indenture and all other instruments and documents relative to
the sale and issuance of bonds or notes,
(3) approval of official statements,
declarations or other published material,
(4) setting of interest rate parameters and
duration of repayment,
(5)
appointment of trustee bank, paying agent and other appointments as necessary
and appropriate, and
(6) other acts
as necessary and appropriate to implement the desired action, whether an
initial issuance, a refunding, redemption or other act allowable by
law.
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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