Section 15-206 - Requirements for districts applying for guaranteeA. Any district applying to utilize the provisions of this act for its bonded indebtedness shall:1. Be certified to be in good standing and be accredited without probation by the State Board of Education;2. Verify to the Commissioners that the bond issue involved is within any limitation provided by law;3. Comply with such criteria or other requirements deemed necessary by the Commissioners; and4. Fully comply with all provisions of the rules promulgated by the Commissioners pursuant to this act.B. No guarantee of bonds shall be effective unless approved by a majority of the Commissioners.Okla. Stat. tit. 70, § 15-206
Added by Laws 1994, c. 346, § 6, eff. 11/8/1994.