OK SB635

Amends 82 O.S. 2011, Sections 870 and 874, relating to the Grand River Dam Authority's bond issuance and property management authority.

Removes duplicate notification requirements for the Board to advise the Attorney General about meetings and conferences concerning bond issuance for the Coal-Fired Plant No. 2.

Authorizes the Grand River Dam Authority Board, by affirmative vote of five or more members, to enter into agreements to purchase letters of credit or other financial instruments to facilitate exercise of the district's powers and privileges.

Repeals 82 O.S. 2011, Section 864.2, which related to the Director of Investments position.

Maintains the district's existing $1,410,000,000 revenue bond authorization ceiling and property management limitations.