Oklahoma Administrative Code
Title 145 - Oklahoma Department of Emergency Management
Chapter 10 - Gubernatorial Declarations for Disaster Assistance
Subchapter 11 - Advanced Financial Liquidity for Local Economies Impacted by Federally Declared Disasters
Section 145:10-11-4 - Applications for advanced financial liquidity

Universal Citation: OK Admin Code 145:10-11-4

Current through Vol. 42, No. 1, September 16, 2024

(a) All eligible applicants must submit the pertinent application, created and made available by OEM, to be considered for advanced financial liquidity.

(1) A complete application for advanced financial liquidity will demonstrate a basis for financial need, a proposed eligible use of the advance funding, copies the pertinent requests made for federal funding through FEMA's Public Assistance Program or FEMA's Hazard Mitigation Assistance Program, and any other information requested by OEM.

(2) OEM maintains the discretion to deny any application for advanced financial liquidity which is deemed incomplete.

(b) Funding requests per eligible applicant must not surpass 75 percent of the federal cost share estimated for the eligible Public Assistance project or Hazard Mitigation Assistance grant which the applicant applied for.

(c) Funding requests per eligible applicant cannot surpass $5 million per qualifying event without further justification.

(d) Approval of any application shall remain dependent on the availability of sufficient funds in the State Assistance Dedicated for Disaster-impacted Local Economies Revolving Fund at the time an application is received.

Disclaimer: These regulations may not be the most recent version. Oklahoma may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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