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Oklahoma County approves new 2025 bond fund ahead of $215 million sale
Summary
The Oklahoma County Board of Commissioners voted to create a dedicated fund for bonds authorized by the 2022 election, a step county staff said is needed before the planned $215 million sale next week. County officials said Moody's affirmed the county's AA1 rating.
The Oklahoma County Board of Commissioners voted to create a new bond fund to support a planned sale of bonds authorized by voters in 2022.
County staff told the commissioners the separate fund is required by the county's financial advisor and bond counsel before the anticipated bond sale next week. A staff member also reported that Moody's had affirmed Oklahoma County's AA1 rating earlier the same day.
A county staff member said the board already has a bond fund for previous sales but was advised to set up a separate account specifically for the 2025 issuance. "We do have, in fact,…
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