OK SCR39

Authorizes the Board of Regents of Seminole State College to issue revenue bonds not to exceed $3,250,000 pursuant to Sections 4001 through 4018 of Title 70 of the Oklahoma Statutes.

Bonds will be used to refund the 2002A Series revenue bonds originally issued to build and equip a technology center on the college campus, including furnishings, equipment, landscaping, and exterior amenities.

The revenue bonds are not obligations of the State of Oklahoma or Seminole State College, and the Legislature has no obligation to appropriate funds or pay principal and interest on the bonds.

Bonds are payable solely from pledged revenues and are classified as limited and special obligations of the Board of Regents.

Directs distribution of copies of the resolution to the Board of Regents of Seminole State College and the Oklahoma State Regents for Higher Education.