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Oklahoma Administrative Code (Last Updated: March 11, 2021) |
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TITLE 725. Oklahoma Tourism and Recreation Department |
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Chapter 15. Fiscal, Personnel and General Operations |
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Subchapter 35. Revenue Bond and Note Issuance |
SECTION 725:15-35-4. Preliminary resolution
Latest version.
- (a) The Commission may provide a preliminary resolution as appropriate for the 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) authorization for the Oklahoma Tourism and Recreation Department to coordinate with the State Bond Advisor in developing material for a proposed issuance, including but not limited to all requirements of the Oklahoma Bond Oversight and Reform Act,(2) authorization for the Oklahoma Tourism and Recreation Department to prepare requests for proposals and other solicitations for bond counsel, underwriters and other services as necessary and appropriate for consideration of bond or note issuance, and(3) other acts as necessary and appropriate to prepare a proposal for an initial issuance, a refunding, redemption or other act allowable by law.(c) Any such resolution brought before the Commission requires a majority vote of all members of the Commission for passage.