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OK SB629
Bill
Status
Introduced
2/6/2017
Primary Sponsor
Jason Smalley
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AI Summary
- Amends 62 O.S. 2011, Section 695.9 to modify the Oklahoma Bond Oversight and Reform Act regarding approval requirements for governmental entity financing obligations
- Deletes the requirement that Local Governmental Entities file a copy of the official statement or notice of sale with the Council of Bond Oversight within ten (10) days after funds become available from bond sales
- Maintains Council of Bond Oversight approval requirement for State and Local Governmental Entity financing obligations before issuance
- Retains provisions allowing the Oklahoma State Bond Advisor to provide advice and assistance to Local Governmental Entities for a reasonable fee upon request
- Effective date: November 1, 2017
Legislative Description
Oklahoma Bond Oversight and Reform; deleting filing requirements by Local Government Enitities of statement of sale of obligation. Effective date.
Last Action
Second Reading referred to Appropriations
2/7/2017
Committee Referrals
Appropriations2/7/2017
Full Bill Text
No bill text available