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Legal Opinion

Opinion No. (1991)

Oklahoma Attorney General Reports

Decided May 1, 1991Published

1Opinion of the Court

Dear Superintendent, Sandy Garrett,

¶ 0 The Attorney General has received your letter asking for an official opinion addressing, in effect, the following questions:

1. For what purposes may a school district issue a certificateof indebtedness? May a district issue a certificate ofindebtedness for the purpose of reinvesting the proceeds togenerate additional investment revenue? 2. If a school district issues a certificate of indebtedness,is it an encumbrance which must be deducted from the authorizedappropriation of the district? 3. How may the proceeds of a certificate of indebtednessissued by…

2Cases cited20 opinions

  1. Jackson v. Independent School District No. 16Supreme Court of Oklahoma · 1982
  2. Holbert v. EcheverriaSupreme Court of Oklahoma · 1987
  3. City of Sand Springs v. Department of Public WelfareSupreme Court of Oklahoma · 1980
  4. Faught v. City of SapulpaSupreme Court of Oklahoma · 1930
  5. Farris v. CannonSupreme Court of Oklahoma · 1982

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