Summary: Oklahoma Oklahoma Development Finance Authority; Appropriations

S&P Global Ratings assigned its 'AA-' long-term rating to the Oklahoma Development Finance Authority's (ODFA) approximately $22.58 million master real property lease revenue bonds, series 2022A (tax-exempt), issued for the Oklahoma State System of Higher Education. The outlook is stable. The series 2022A bonds constitute limited obligations of the authority and are secured by lease payments made by the Oklahoma State Regents for Higher Education to ODFA--pursuant to the master trust indenture and master real property lease purchase agreement between the Oklahoma State System of Higher Education (the lessee) and ODFA (the lessor) and separate supplemental trust indentures between the ODFA and the BOKF N.A. (the trustee). Lease payments are subject to annual appropriation by the Oklahoma Legislature to the

...S&P Global Ratings assigned its '##-' long-term rating to the Oklahoma Development Finance Authority's (ODFA) approximately $22.58 million master real property lease revenue bonds, series 2022A (tax-exempt), issued for the Oklahoma State System of Higher Education. The outlook is stable. The series 2022A bonds constitute limited obligations of the authority and are secured by lease payments made by the Oklahoma State Regents for Higher Education to ODFA--pursuant to the master trust indenture and master real property lease purchase agreement between the Oklahoma State System of Higher Education (the lessee) and ODFA (the lessor) and separate supplemental trust indentures between the ODFA and the BOKF N.A. (the trustee). Lease 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 2022A bonds will...

Summary