Okla. Admin. Code § 200:10-5-2

Current through Vol. 42, No. 7, December 16, 2024

Section 200:10-5-2 - Financing purposes

Insurance Commitments may be issued to support the revenue bonds or other financial obligations issued by the ODFA for any of the multiple purposes for which the ODFA can provide financing assistance.

(1)Purpose of ODFA financing. The various purposes of financing that ODFA is authorized to do include:

(A) to expand and establish agricultural and industrial enterprises;

(B) to provide pollution control facilities;

(C) to develop public or private energy generating, distribution or conservation facilities and sources;

(D) to provide health care facilities;

(E) to provide infrastructure, waste water and capital improvement facilities;

(F) to provide educational facilities

(G) to provide recreational facilities; and

(H) to provide for short term advance funding and the purchase of the obligations of political subdivisions throughout the State of Oklahoma.

(I) to attract investment capital or make direct investments in firms which provide equity or loan funds to Oklahoma business entities.

(2)Preferential purposes. The Administrator will give preference to utilization of Fund resources to fulfill the Strategies and Implementing Actions for the "Oklahoma Five Year Economic Development Plan" adopted by Oklahoma Futures, and the annual business plan of ODFA.

Okla. Admin. Code § 200:10-5-2

Amended at 12 Ok Reg 2177, eff 7-14-95