- (a) The applicant school district shall provide all information and documentation to any bond rating agency and potential bond purchaser for establishment of the bond rating of the issue and/or sale of the bond issue.
- (b) The CLO may limit approval of the guarantee to those districts which have a rating below the "AAA" category by a recognized municipal bond rating service. When a rating is issued by more than one service, the lower of the two ratings shall be used to determine whether or not the school district is eligible for the guarantee.
- (c) Any fee charged by a rating agency in connection with the guarantee of a bond issue by CLO will be paid by the school district.
Added at 13 Ok Reg 641, eff 11-29-95 (emergency)
Added at 13 Ok Reg 1373, eff 5-13-96