Pooled financing definition
Pooled financing means an agreement, pursuant to the
Pooled financing means an agreement, pursuant to the provisions of this act or pursuant to the Interlocal Cooperation Act, among two or more eligible local governmental entities or involving a local government entity or entities in conjunction with a for-profit business entity to use proceeds from a tax levy or other authorized source of revenue to make payments of principal, interest, and other related costs in connection with an obligation issued by the Oklahoma Development Finance Authority for the benefit of the entities entering into such agreement according to the terms of the agreement and according to the requirements of any ballot submitted to the voters of the respective eligible local governmental entities. Pooled financing does not mean or include the use of any ad valorem tax revenues derived from a levy imposed pursuant to Section 26 of Article X of the Oklahoma Constitution; and
Pooled financing means the use of municipal revenues, derived from a levy imposed pursuant to the authority of Section 2701 of Title 68 of the Oklahoma Statutes, available to one or more municipalities or county revenues, derived from a levy imposed pursuant to the authority of Section 1370 of Title 68 of the Oklahoma Statutes, based upon the local government entity participating in a pooled financing.
Examples of Pooled financing in a sentence
Urban Sector • Pooled financing mechanism for capital investments under a state level borrowing umbrella is proposed to enhance market access for ULBs. • Reforms include need for rationalization of stamp duty, repeal of Urban Land Ceiling and Regulation Act, and reform in Rent Control Act.
More Definitions of Pooled financing
Pooled financing means the use of municipal revenues,
Pooled financing means an agreement, pursuant to the provisions of this act