# Okla. Stat. tit. 62, § 62-695.23: Definitions > Oklahoma · Statutes · Reserved URL: https://www.frixlaw.com/law-library/statutes/STATE_OK_T62_S62-695.23 ## Section - **Citation:** Okla. Stat. tit. 62, § 62-695.23 - **Heading:** Definitions - **Jurisdiction:** Oklahoma - **Kind:** Statutes - **Status:** Reserved - **Text as of:** August 14, 2026 - **Source:** Compiled text - **Location:** OK Code / Title 62 / Section 62-695.23 ## Text As used in the Oklahoma Private Activity Bond Allocation Act: 1. "Application for state ceiling allocation" means the application form provided by the Deputy Treasurer for Debt Management which shall be filed by or on behalf of the issuer in compliance with the requirements of this act; 2. "Carryforward" shall have the same meaning as in Section 146(f) of the Internal Revenue Code; 3. "Confirmation" means a written confirmation of allocation issued by the Deputy Treasurer for Debt Management; 4. "Consolidated Pool" means an aggregation of unallocated sums of the state ceiling derived from pools as set forth in subsection M of Section 695.24 of this title; Oklahoma Statutes - Title 62. Public Finance Page 499 5. "Economic Development Pool" means that portion of the state ceiling reserved for projects specifically authorized by the Council of Bond Oversight, as provided for in subsection B of Section 695.24 of this title; 6. "Final certification" or "final certificate" means a certification or certificate filed with the Deputy Treasurer for Debt Management by or on behalf of the issuer specifying the exact amount of indebtedness issued by an issuer, or, in the case of mortgage credit certificates, a copy of the document or election filed with the Internal Revenue Service exchanging bond issuance authority for mortgage credit certificate issuance authority; 7. "Housing Pool" means that portion of the state ceiling reserved for single-family mortgage revenue bonds, multifamily revenue bonds, and mortgage credit certificates; 8. "Internal Revenue Code" means the Internal Revenue Code of 1986 (26 U.S.C., Section 1 et seq.), as amended; 9. "Issued" means any issue of bonds which have been delivered and the purchase price therefor remitted to or for the account of the issuer, or a copy of the document or election filed with the Internal Revenue Service exchanging bond issuance authority for mortgage credit certificate issuance authority; 10. "Issuer" or "issuing authority" means any public trust or other entity which is authorized to issue tax-exempt bonds, notes and other like obligations, or has the authority to exchange single- family mortgage bond authority for mortgage credit certificate authority, under the Constitution or laws of the state; 11. "Local issuer" means any municipality, county or public trust having counties or municipalities or combinations thereof as beneficiary, or a public trust having the state as beneficiary with jurisdiction limited to one county of the state; 12. "Manufacturing jobs" means jobs created by manufacturing facilities as that term is defined in subparagraphs a, b, and c of paragraph 1 of subsection B of Section 2902 of Title 68 of the Oklahoma Statutes. 13. "Mortgage credit certificate election" means a document or election filed by an issuer with the Internal Revenue Service exchanging single-family mortgage bond issuance authority for mortgage credit certificate issuance authority; 14. "Mortgage credit certificates" shall have the same meaning as in Section 25(c) of the Internal Revenue Code; 15. "Private activity bonds" or "bonds" means any bonds or notes or other evidence of indebtedness, the interest on which is exempt from tax pursuant to the Internal Revenue Code, and mortgage credit certificates, except those bonds or certificates specifically excluded from the state ceiling under the terms of federal legislation; Oklahoma Statutes - Title 62. Public Finance Page 500 16. "Qualified student loan bonds" shall have the same meaning as in Section 144(b) of the Internal Revenue Code; 17. "State" means the State of Oklahoma; 18. "State ceiling" means the limit which is prescribed by the Internal Revenue Code in Section 146 and in such other applicable sections of the Internal Revenue Code on the amount of private activity bonds which may be issued collectively by all of the issuers of the state during a calendar year; ng as in Section 144(b) of the Internal Revenue Code; 17. "State" means the State of Oklahoma; 18. "State ceiling" means the limit which is prescribed by the Internal Revenue Code in Section 146 and in such other applicable sections of the Internal Revenue Code on the amount of private activity bonds which may be issued collectively by all of the issuers of the state during a calendar year; 19. "State issuer" means any public trust having the state as beneficiary or any state agency or other entity with powers to issue private activity bonds, provided that the term shall not include a public trust or any local issuer with the state as beneficiary whose jurisdiction is limited to one county; and 20. "Student Loan Pool" means the portion of the state ceiling reserved for qualified student loan bonds. ## Nearby sections - [Okla. Stat. tit. 62, § 62-7.3 Renumbered as § 34.58 of this title by Laws 2009, c. 441,](https://www.frixlaw.com/law-library/statutes/STATE_OK_T62_S62-7.3.md) - [Okla. Stat. tit. 62, § 62-7.4 Renumbered as § 34.59 of this title by Laws 2009, c. 441,](https://www.frixlaw.com/law-library/statutes/STATE_OK_T62_S62-7.4.md) - [Okla. Stat. tit. 62, § 62-7.6 Renumbered as § 34.69 of this title by Laws 2009, c. 441,](https://www.frixlaw.com/law-library/statutes/STATE_OK_T62_S62-7.6.md) - [Okla. Stat. tit. 62, § 62-7.10 Renumbered as § 34.70 of this title by Laws 2009, c. 441,](https://www.frixlaw.com/law-library/statutes/STATE_OK_T62_S62-7.10.md) - [Okla. Stat. tit. 62, § 62-9.11 Renumbered as § 34.86 of this title by Laws 2009, c. 441,](https://www.frixlaw.com/law-library/statutes/STATE_OK_T62_S62-9.11.md) - [Okla. Stat. tit. 62, § 62-10.3 Renumbered as § 34.55 of this title by Laws 2009, c. 441,](https://www.frixlaw.com/law-library/statutes/STATE_OK_T62_S62-10.3.md) - [Okla. Stat. tit. 62, § 62-10.4 Renumbered as § 34.87 of this title by Laws 2009, c. 441,](https://www.frixlaw.com/law-library/statutes/STATE_OK_T62_S62-10.4.md) - [Okla. Stat. tit. 62, § 62-13 Duties of Bond Commissioner - Certificate - Bonds](https://www.frixlaw.com/law-library/statutes/STATE_OK_T62_S62-13.md) - [Okla. Stat. tit. 62, § 62-16 Bond counsel](https://www.frixlaw.com/law-library/statutes/STATE_OK_T62_S62-16.md) - [Okla. Stat. tit. 62, § 62-34 58 Information on income, disbursements and transfers](https://www.frixlaw.com/law-library/statutes/STATE_OK_T62_S62-34.md) - [Okla. Stat. tit. 62, § 62-34.2 Estimate of funds expected to accrue to General Revenue](https://www.frixlaw.com/law-library/statutes/STATE_OK_T62_S62-34.2.md) - [Okla. Stat. tit. 62, § 62-34.4 Revolving Fund for Office of Management and Enterprise](https://www.frixlaw.com/law-library/statutes/STATE_OK_T62_S62-34.4.md) - [Okla. Stat. tit. 62, § 62-34.5 Director of the Office of Management and Enterprise](https://www.frixlaw.com/law-library/statutes/STATE_OK_T62_S62-34.5.md) - [Okla. Stat. tit. 62, § 62-34.6 General powers and duties of Director](https://www.frixlaw.com/law-library/statutes/STATE_OK_T62_S62-34.6.md) --- Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_OK_T62_S62-695.23. Check the current official text before relying on it. Not legal advice.