SECTION 330:15-9-9. Trustee action to be taken

  Programs shall be developed and implemented only upon the following minimum action of the Trustees:

(1)   The adoption of an initial resolution authorizing the development of a Program:

(A)   Specifying the maximum size of the Program;

(B)   Directing the staff to seek CAP allocation from the State (when applicable);

(C)   Directing staff to take such preliminary action as may be required in law to select professional services providers; and

(D)   Directing staff to take such action as may be necessary to determine the necessity for a Program and the size thereof.

(2)   The adoption of resolutions professional services providers; and

(3)   The adoption of a final resolution approving allProgram Documents, agreements, and procedures, and authorizing the sale of the bonds and the implementation of the Program and specifying the interest rates for the bonds and taking such other action as may be necessary to implement the Program

[Source: Amended at 37 Ok Reg 1709, eff 1-1-21]