Oklahoma Code § 70-3206.6b

Title 70. Schools: Master lease program - Revolving lease fund
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Within the master lease program, the Legislature hereby
designates the sum of Twenty-five Million Dollars ($25,000,000.00)
to be a permanent revolving lease fund to be funded by bonds to be
issued under the master lease program.  It is the intent of the
Legislature to make annual appropriations as may be necessary from
the Oklahoma Education Lottery Trust Fund to retire such bonded
indebtedness.  Such bonds may be issued on either a taxable or tax-
exempt basis.  The lien on such Lottery Trust Fund revenues may be

subordinate to other pledges of revenue from this fund.  Any bonds
issued pursuant to this section shall not be subject to the
provisions of Section 4 of Enrolled House Bill No. 1191 of the 1st
Session of the 50th Oklahoma Legislature.

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