Oklahoma Administrative Code
Title 150 - Oklahoma Department of Commerce
Chapter 145 - Oklahoma Economic Development Pooled Finance Act
Subchapter 2 - Infrastructure Pool
Section 150:145-2-2 - Scoring system
Universal Citation: OK Admin Code 150:145-2-2
Current through Vol. 41, No. 13, March 15, 2024
(a) The Department shall develop a scoring system in order to evaluate potential projects which may be eligible for pooled financing from the infrastructure pool. This scoring system shall include, but not be limited to, the following factors:
(1) Capital investment by eligible local
governmental entities as defined in 62 O.S. §891.3;
(2) Amount and type of benefit to low and
moderate income persons;
(3)
Whether or not the improvement will contribute significantly to the safety,
health, or welfare of the residents of the area;
(4) Whether or not the area is in a
Federally-designated Empowerment Zone or Enterprise Community or Opportunity
Zone;
(5) Whether or not the
infrastructure improvement would allow the local government entities create
jobs;
(6) Whether or not the
infrastructure improvement would allow the local governmental entities to
retain jobs that would likely be lost without the funds;
(7) Whether or not the infrastructure project
provide or significantly improve locally owned broadband internet lines and/or
facilities; and
(8) Any other
factor(s) deemed relevant by the Department.
(b) This scoring system shall only be used as necessary to prioritize the funding of qualified infrastructure pool projects.
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.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.