Okla. Admin. Code § 355:1-5-2

Current through Vol. 42, No. 4, November 1, 2024

Section 355:1-5-2 - Hearing procedure

(a) Unless the Chairman has appointed an individual board member to conduct an initial hearing the Chairman or Vice Chairman of the Authority shall preside over hearings before the full board. Each loan applicant shall be given sufficient opportunity to make presentation, exhibits and other support data to the Authority. The applicant shall be available to answer questions from the Authority. The Authority may ask questions of any party to the proceeding. Upon a majority vote of those board members present the Authority may go into closed session for the purpose of deliberating on the loan application. The Authority may then authorize the preparation of appropriate findings of fact and conclusions of law to support its decision but must come back into an open session for the purpose of recording each individual board member's vote on the loan application.

(b) The Chairman of the Authority is hereby authorized to appoint any member of the Authority for the purpose of conducting a hearing. A board member so appointed shall hear testimony and receive evidence and may issue subpoenas for such hearing. The individual board member must then make a recommendation to the full Authority stating the reasons for his recommendation and the facts supporting his recommended findings of the individual board member and may render its decision after each board member has reviewed the record of the loan application hearing or the Authority may vote to hear the matter again. The President, with consultation of the individual Board member or Chairman of the full Authority, shall schedule such hearings and insure that the loan applicants receive proper notice of the hearing. Continuances of these hearings may be granted upon good cause shown.