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URBAN RENEWAL AUTH. v. MEDICAL TECHNOLOGY AND RESEARCH AUTH.

Nos. 93,084, 93,085.

4 P.3d 677 (2000)

2000 OK 23

OKLAHOMA CITY URBAN RENEWAL AUTHORITY, a public body corporate, Appellee, v. MEDICAL TECHNOLOGY AND RESEARCH AUTHORITY OF OKLAHOMA, a statutory agency of the State of Oklahoma, Defendant, Forrest "Butch" Freeman, Oklahoma County Treasurer, Appellant, The City of Oklahoma City, a political subdivision of the State of Oklahoma; Independent School District No. 89; Vo-Tech School District No. 22; Metropolitan Library System of Oklahoma County; City-County Health Department of Oklahoma County, Defendants, Board of Commissioners of Oklahoma County, Appellant.

Supreme Court of Oklahoma.

Rehearing Denied July 10, 2000.

Attorney(s) appearing for the Case

Dan Batchelor, Janis S. Powers, Oklahoma City, for Appellee, Oklahoma City, Oklahoma, Urban Renewal Authority.

Richard D. Forshee, John Michael Williams For Defendant, Medical Technology and Research Authority of Oklahoma.

Robert M. Macy, District Attorney, Gretchen Crawford, Assistant District Attorney, Oklahoma City, Oklahoma, for Appellants, Forrest "Butch" Freeman, Oklahoma County Treasurer and Board of County Commissioners of Oklahoma County.

Daniel T. Brummitt, Assistant Municipal Counselor for Defendant, City of Oklahoma City.

William P. Bleakley, Laura L. Holmes, Oklahoma City, Oklahoma, for Defendant, Independent School District No. 89.

KAUGER, J.:

¶ 1 The dispositive issue presented by the consolidated cases is whether the tax increment financing1 plan adopted under the Local Development Act [Act], 62 O.S. Supp.1992 § 850, et seq., and the Okla. Const. art. 10, § 6C2 creates a prohibited debt within the meaning of the Okla. Const. art....

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