Oklahoma Administrative Code
Title 150 - Oklahoma Department of Commerce
Chapter 65 - Oklahoma Quality Jobs Program
Subchapter 5 - Former Military Facilities
Section 150:65-5-1 - Eligibility
Universal Citation: OK Admin Code 150:65-5-1
Current through Vol. 41, No. 13, March 15, 2024
(a) Eligible entities which may apply for the Former Military Facility Development Program are establishments that meet the qualifications of 68 O.S. Supp. 1994, Section 3601 et seq. and 150:65-1-1 through 150:65-1-13 except that the establishment:
(1) Has an annual
gross payroll for new direct jobs projected to equal at least One Million Five
Hundred Thousand Dollars ($1,500,000.00) but less than Two Million Five Hundred
Thousand Dollars ($2,500,000.00) within three (3) years of the anticipated date
of receipt of the first incentive payment; and
(2) Locates its principal business activity
at a former military facility used primarily for a "military purpose."
Provided, however, that the restrictions of 68 O.S. Supp. 1994, Section 3802
(H) shall apply.
(b) For purposes of this chapter "military purpose" shall not include the storage of prisoners or ammunition and "military facility" shall only include those facilities operated by the United States Army, Navy or Air Force.
Added at 12 Ok Reg 19, eff 9-29-94 (emergency); Added at 12 Ok Reg 1339, eff 5-25-95
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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