Oklahoma Administrative Code
Title 150 - Oklahoma Department of Commerce
Chapter 145 - Oklahoma Economic Development Pooled Finance Act
Subchapter 1 - General
Section 150:145-1-2 - Definitions

Universal Citation: OK Admin Code 150:145-1-2
Current through Vol. 42, No. 1, September 16, 2024

The following words and terms, when used in this chapter, shall have the following meaning, unless the context clearly indicates otherwise:

"Department" means the Oklahoma Department of Commerce.

"Economic development pool" means proceeds of obligations sold by the Authority to provide resources for eligible local government entities or a local government entity in conjunction with a for-profit business entity to finance an eligible economic development project or other purposes authorized by this act. [62 O.S. 891.3(9)]

"Infrastructure pool" means the proceeds of obligations sold by the Authority to provide resources for eligible local government entities to provide financing for infrastructure or other purposes authorized by this act. [ 62 O.S. 891.3 (14)]

"Public-private partner development pool" means proceeds of obligations sold by the Oklahoma Development Finance Authority to provide resources for eligible local government entities to provide financing for infrastructure in conjunction with for-profit business entities and federal government defense entities or any other purpose authorized by this act. [62 O.S. 891.3 (17)]

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