4.1.1 Issue bonds, notes, obligations, debentures, commercial paper, lines of credit, variable interest rate obligations, or other evidences of indebtedness on an interim and/or permanent basis with any interim financing to be ultimately retired from proceeds of permanent financing, in an amount sufficient to fund the proposed operations identified below and, in addition to the amounts needed for the proposed projects, to provide sufficient funds to fund any related costs of issuance, underwriters’ discounts, capitalized interest, reserve funds, bond insurance, net premiums/original issue discounts, and any other necessary and related expenditures associated with the issuance. 4.1.2 The financial advisor will participate with the staff of the University, the University’s bond counsel, and the Oklahoma Deputy Treasurer for Debt Management in the development and issuance of an effective method of issuing general, limited, and special obligation bonds. The debt will be a general obligation of the University and will be secured by all lawfully available sources and revenue other than revenues appropriated by the Oklahoma Legislature from tax receipts and certain other restricted moneys.
