Oklahoma Administrative Code
Title 90 - Council of Bond Oversight
Chapter 10 - Administration of the Oklahoma Bond Oversight and Reform Act
Subchapter 11 - Credit Enhancement Reserve Fund Applications
Section 90:10-11-1 - General

Universal Citation: OK Admin Code 90:10-11-1
Current through Vol. 42, No. 1, September 16, 2024

When the Oklahoma Development Finance Authority ("ODFA") submits an application for approval of a Credit Enhancement Reserve Fund ("Fund") financing, the Council shall evaluate the application for approval of the issuance of the ODFA's underlying obligation, and the request for coverage by the Fund, as two (2) separate matters. The issuance of the underlying obligation shall be evaluated using the criteria and standards contained in Subchapter 7 [90:10-7]. The Application for the granting of credit enhancement by the Fund shall be considered by the Council using the standards and criteria of this subchapter.

Amended at 8 Ok Reg 2527, eff 6-27-91; Amended at 20 Ok Reg 455, eff 1-2-03 (emergency); Amended at 20 Ok Reg 2260, eff 7-11-03

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