Investor Relations

The following is intended to be a brief and non-comprehensive description of the various credits related to the City of Oklahoma City and its related trusts and authorities. For complete descriptions of bonds and their related revenues and security features, please refer to the appropriate Official Statement.

The City of Oklahoma City and its related trusts and authorities issue bonds and manage debt according to the City's Debt Management Policy(PDF, 114KB).

Below is a list of City of OKC entities that issue bonds and manage debt. See our Annual Comprehensive Financial Report (ACFR) for reports on each entity.

City of Oklahoma City

The City issues general obligation unlimited tax bonds. These bonds are direct and general obligations of the City and are paid by ad valorem taxes levied against all taxable property, except homestead exemptions, in the City without limitation as to rate or amount. The City also issues general obligation limited tax bonds which are also paid by ad valorem taxes, but limited by state law to 5 mills annually.

Oklahoma City Public Property Authority (OCPPA)

The OCPPA issues hotel tax revenue bonds for improvements to the Oklahoma City Fairgrounds. These bonds are secured solely by 10/11ths (5 percent) of the 5.5 percent City hotel tax. The OCPPA also issues revenue bonds for the Oklahoma City golf system. The golf bonds are secured by all revenues of the golf system and an agreement of support by the City of Oklahoma City (moral obligation).

Central Oklahoma Transportation and Parking Authority (COPTA)

COTPAissues parking system revenue bonds for improvements to Oklahoma City’s downtown parking facilities. These bonds are secured by all revenues of the COTPA parking system and an agreement of support by the City of Oklahoma City (moral obligation).

Oklahoma City Airports Trust

TheAirports Trustissues junior lien and senior lien revenue bonds secured by the revenues of the trust estate. The trust estate is defined as all property, real, personal, or mixed that are owned, leased, or operated by the Trustees for the purpose of air navigation facilities and airports of the City. Junior lien bonds are subject to the debt service requirements of senior lien bonds. Junior lien bonds also have no reserve requirements.

Oklahoma City Water Utilities Trust

OCWUTissues water and sewer system revenue bonds. These bonds are secured by gross revenues pledged from the water, wastewater and solid waste management systems.

Oklahoma City Economic Development Trust

TheOCEDThas issued tax apportionment revenue bonds for Increment District No. 8. These bonds are secured by the increment revenues of Increment District No. 8 and an agreement of support by the City of Oklahoma City (moral obligation).

Oklahoma City Zoological Trust

The Zoological Trust issues sales tax revenue bonds. These bonds are secured by a dedicated 1/8 cent sales tax transferred by the City to the Trust pursuant to a security agreement.