Okla. Stat. tit. 62 § 896.1

Current through Laws 2024, c. 453.

Section 896.1 - Local government website - Notice after approval of bonds or other indebtedness

A. At least thirty (30) days after the approval for a vote on a bond or other evidence of indebtedness to be issued by the local government entities described in subsection C of this section, the governing board of such entity shall cause to be published on that local government website:

1. A description of the projects or assets that will be acquired, improved or repaired with the proceeds from the issuance of the bonds;

2. A description of any unpaid or unfinished bond approved by the voters of that jurisdiction preceding the date of the vote on the bonds to be issued; and

3. A detailed description of the use of the previous bond proceeds. If the bond proceeds were used to acquire or improve real property, the description shall include a physical address using a street number or some other method by which the location of the property can be identified.

B. If the local government entity does not have a website, then it shall make the information accessible through some other method using the Internet to persons who reside in the geographic area of the local government entity. Should there be no reasonable method as described in this section, the entity shall cause the information to be published at least once in a newspaper of general circulation in the geographic area in which the voters of the local government jurisdiction reside.

C. The provisions of subsection A of this section shall be applicable to any bond or other evidence of indebtedness the repayment of which requires either a sinking fund millage rate pursuant to Section 26 of Article X of the Oklahoma Constitution, or bonds issued pursuant to the authority of Section 35 of Article X of the Oklahoma Constitution or pursuant to any provisions contained in any other provision of Article X of the Oklahoma Constitution to the extent not otherwise specifically identified in this section, which shall include:

1. Counties;

2. Cities;

3. Towns;

4. Common school districts;

5. Career technology districts;

6. Emergency Medical Service Districts; and

7. Solid waste management districts.

D. The provisions of this section shall not be applicable to obligations issued by a trust organized pursuant to the provisions of Section 176 et seq. of Title 60 of the Oklahoma Statutes.

Okla. Stat. tit. 62, § 896.1

Added by Laws 2017 , c. 62, s. 2, eff. 11/1/2017.