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Oklahoma Administrative Code (Last Updated: March 11, 2021) |
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TITLE 90. Council of Bond Oversight |
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Chapter 10. Administration of the Oklahoma Bond Oversight and Reform Act |
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Subchapter 7. Evaluation Standards and Criteria |
SECTION 90:10-7-2. Legal compliance
Latest version.
- Bearing the criteria of this Chapter in mind and within the limitations set thereby, the Council may consider the following items:(1) Compliance with state laws. All issuances must be in compliance with applicable state laws.(2) Compliance with applicable Federal Laws, Rules, and Regulations. Compliance with federal laws affecting environment, taxes, and other aspects of a particular program or project.(3) Compliance with trust indenture or enabling statutes of issuer. The application and proposed project or program must be in compliance with the enabling document or statutes regarding each issuer subject to Council approval.(4) Eligibility. The user of the proceeds for the proposed project or program must be eligible for the assistance sought.