Oklahoma Administrative Code
Title 355 - Oklahoma Industrial Finance Authority
Chapter 10 - Industrial Development Lending
Subchapter 5 - Loan Application and Industrial Project Evaluation Criteria
Section 355:10-5-6 - Statutory loan requirements; public purpose
Universal Citation: OK Admin Code 355:10-5-6
Current through Vol. 42, No. 1, September 16, 2024
Prior to approval of any loan applied for, the Authority must find that the public purposes of the law will be thereby served, that the amount of such loan will not exceed the statutory percentage limits of the cost of the project, as such costs are defined by law and that all other statutory requirements have been fully met.
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