Summary: Oklahoma Development Finance Authority Oklahoma; Appropriations

S&P Global Ratings assigned its 'AA-' long-term rating to the Oklahoma Development Finance Authority's (ODFA) ) $2.26 million master equipment lease revenue and refunding bonds, series 2021A (tax-exempt) and $440,000 master equipment lease revenue bonds, series 2021B (federally taxable). The outlook is stable. Lease-rental payments paid by the State Regents of the Oklahoma State System of Higher Education to ODFA, pursuant to a master equipment lease purchase agreement and a separate supplemental indenture between Oklahoma State System of Higher Education (the lessee) and ODFA (the lessor) secure the series 2021A bonds and series 2021B bonds. The lease-rental payments are subject to annual appropriation by the Oklahoma Legislature to the Oklahoma State System of Higher Education, and are allocated by the

...S&P Global Ratings assigned its '##-' long-term rating to the Oklahoma Development Finance Authority's (ODFA) ) $2.26 million master equipment lease revenue and refunding bonds, series 2021A (tax-exempt) and $440,000 master equipment lease revenue bonds, series 2021B (federally taxable). The outlook is stable. Lease-rental payments paid by the State Regents of the Oklahoma State System of Higher Education to ODFA, pursuant to a master equipment lease purchase agreement and a separate supplemental indenture between Oklahoma State System of Higher Education (the lessee) and ODFA (the lessor) secure the series 2021A bonds and series 2021B bonds. The lease-rental payments are subject to annual appropriation by the Oklahoma Legislature to the Oklahoma State System of Higher Education, and are allocated by the State Regents to member Oklahoma higher education institutions and entities. Proceeds from the series 2021A and series 2021B bonds will be used to finance the acquisition of equipment at...

Summary