Oklahoma Administrative Code
Title 90 - Council of Bond Oversight
Chapter 15 - Administration of the Oklahoma Private Activity Bond Allocation Act
Subchapter 1 - General Provisions
Section 90:15-1-1 - Purpose and scope

Universal Citation: OK Admin Code 90:15-1-1
Current through Vol. 42, No. 1, September 16, 2024

The Deputy Treasurer for Debt Management is responsible for implementing the Oklahoma Private Activity Bond Allocation Act found at 62 O.S., Section 695.21 et seq. The Deputy Treasurer for Debt Management is engaged by the State Treasurer who is authorized to employ the necessary staff to carry out the duties related to debt management and the Council of Bond Oversight. This Chapter is issued pursuant to the rulemaking authority of the Council of Bond Oversight. In order to provide guidelines to local and state bond issuers which are subject to the Act and wish to issue Private Activity bonds or Mortgage Credit Certificates subject to annual volume ceilings pursuant to federal law, this Chapter establishes pools and registers, including the Consolidated Pool and the Carryforward register, from which certain types of private activity bonds or mortgage credit certificates may be issued, allocation procedures, time frames, and information required on application forms provided by the Deputy Treasurer for Debt Management for such entities in order to facilitate the business of the Deputy Treasurer for Debt Management and such entities.

Added at 8 Ok Reg 2517, eff 6-27-91; Amended at 20 Ok Reg 462, eff 1-2-03 (emergency); Amended at 20 Ok Reg 2269, eff 7-11-03

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