Oklahoma Administrative Code
Title 150 - Oklahoma Department of Commerce
Chapter 160 - Invest in Oklahoma Act
Section 150:160-1-2 - Definitions
The following words and terms when used in this chapter have the following meaning, unless context clearly indicates otherwise:
"Department" means the Oklahoma Department of Commerce.
"Firm" means the legal entity charged with management of the private equity fund, venture capital fund, or growth fund.
"Fund" means a private equity fund, venture capital fund or growth fund.
"Oklahoma based" means that the Fund or other business entity maintains their principal physical place of business in the State of Oklahoma.
"Principal" means any person employed by the Fund responsible for making decisions about investments for the Firm, regardless of their job title.
"Principal place of business" means the place where a company's officers direct, control and coordinate the business's activities.
"Program" means the Invest in Oklahoma Program.
"Public entity" means a public entity listed in section 2402 of Title 62 of the Oklahoma Statutes.
"Substantial investments in this state" means that the Fund has invested at least One Million Dollars ($1,000,000) in Oklahoma based businesses over the three (3) years prior to application and is committed to invest at least ten percent (10%) of any funds received by one of the Public Entities in an Oklahoma Based business.
"Venture capital fund" means as defined in paragraph (a) of section 275.203(I) of Title 17 of the Code of Federal Regulations.
