§74-9103. Not-for-profit foundation.
A. There is hereby authorized the establishment of a not-for-profit foundation to raise funds for the Mental Wellness Division Revolving Fund, created in Section 2 of this act, and the achievement of the goals of this act. B. The foundation created pursuant to this section may receive funds from any public or private source to […]
§74-12003. List of financial companies that boycott energy companies.
A. 1. The Treasurer shall prepare and maintain and provide to each state governmental entity a list of financial companies that boycott energy companies. In maintaining the list, the Treasurer may: a.review and rely, as appropriate in the Treasurer’s judgment, on publicly available information regarding financial companies including information provided by the state, nonprofit organizations, […]
§74-9200. Short title – Oklahoma Rural Broadband Expansion Act.
This act shall be known and may be cited as the “Oklahoma Broadband Expansion Act”. Added by Laws 2020, c. 165, § 1, emerg. eff. May 22, 2020. Amended by Laws 2022, c. 229, § 1, emerg. eff. May 6, 2022. Renumbered from § 139.201 of Title 17 by Laws 2022, c. 229, § 12, […]
§74-9072. Definitions.
As used in this act: 1. “Authority” shall mean the Oklahoma Development Finance Authority pursuant to Section 5062.1 et seq. of Title 74 of the Oklahoma Statutes; 2. “Commission” shall mean the Oklahoma Corporation Commission; 3. “Extraordinary costs” shall mean costs incurred by a regulated utility related to the extreme weather that occurred beginning February […]
§74-9073. Determination of extreme purchase or extraordinary costs.
A. The Oklahoma Corporation Commission may determine upon receiving an application or in any proceeding where the issue is properly brought before it that extreme purchase costs, extraordinary costs or both, requested for recovery by a regulated utility are subject to this act and may be mitigated through securitization in order to reduce the utility […]
§74-9074. Financing order.
A. Upon the determination that a regulated utility has extreme purchase costs, extraordinary costs or both that are subject to this act and may be mitigated by issuing ratepayer-backed bonds, the Oklahoma Corporation Commission shall make necessary findings and conclusions to result in a financing order under this act, either in the same order or […]
§74-9075. Rights and interests to revenues – Securitization property right.
A. The rights and interests to receive revenues collected by a regulated utility through the irrevocable and nonbypassable mechanism created pursuant to a financing order shall become a securitization property right at the time the ratepayer-backed bond is issued pursuant to a financing order. B. The securitization property right under a financing order shall constitute […]
§74-9076. Authorities and powers.
A. In addition to all other powers expressly conferred upon the Oklahoma Development Finance Authority pursuant to Section 5062.8 of Title 74 of the Oklahoma Statues, the Authority is hereby authorized and empowered to take the following actions: 1. To issue ratepayer-backed bonds as provided in this act; 2. To establish and adjust from time […]
§74-9077. Agreements to receive securitization property – Proceeds of bond issuance.
A. The Oklahoma Development Finance Authority is hereby authorized to enter into agreements to receive securitization property as described in Section 6 of this act from a regulated utility and, in exchange, to provide the proceeds of a bond issuance described in this section to the regulated utility. The revenues received from the securitization property […]
§74-9078. Audit of amounts received from customers.
In any proceeding where the issue is properly before it, the Oklahoma Corporation Commission may require an audit of all amounts received from customers under an irrevocable and nonbypassable mechanism and paid to a utility, the amounts paid by the utility to the Oklahoma Development Finance Authority or other holder of securitization property. An audit, […]