Summary: Oklahoma Oklahoma Capital Improvement Authority; Appropriations

S&P Global Ratings assigned its 'AA-' long-term rating to the Oklahoma Capitol Improvement Authority's (OCIA) approximately $46.6 million state facilities revenue bonds (National Guard Museum project), series 2022B (federally taxable). The outlook is stable. The series 2022B bonds constitute limited obligations of the authority and are secured by lease payments by the Oklahoma Military Department to OCIA, pursuant to the bond resolution and a Lease Agreement for Use and Occupancy between the department (the lessee) and OCIA (the lessor). The lease payments are subject to annual appropriation by the Oklahoma Legislature and are allocated by the Oklahoma Military Department. Proceeds from the series 2022B bonds will be used to finance the construction of a National Guard Museum, and to pay

...S&P Global Ratings assigned its '##-' long-term rating to the Oklahoma Capitol Improvement Authority's (OCIA) approximately $46.6 million state facilities revenue bonds (National Guard Museum project), series 2022B (federally taxable). The outlook is stable. The series 2022B bonds constitute limited obligations of the authority and are secured by lease payments by the Oklahoma Military Department to OCIA, pursuant to the bond resolution and a Lease Agreement for Use and Occupancy between the department (the lessee) and OCIA (the lessor). The lease payments are subject to annual appropriation by the Oklahoma Legislature and are allocated by the Oklahoma Military Department. Proceeds from the series 2022B bonds will be used to finance the construction of a National Guard Museum, and to pay the costs of issuance. The projects will be constructed and administered under the authority of the Oklahoma Military Department....

Summary