Oklahoma Administrative Code
Title 730 - Department of Transportation
Chapter 10 - Department Programs
Subchapter 21 - Oklahoma State Infrastructure Bank
Section 730:10-21-4 - Use of funds
Universal Citation: OK Admin Code 730:10-21-4
Current through Vol. 42, No. 1, September 16, 2024
The Department is authorized to expend any unobligated funds accumulated in the State Infrastructure Bank Revolving Fund. The fund will be capitalized with both state and federal funding, and revenue will be derived from interest income on loan repayments and penalty payments. These funds will be used to provide leverage financing to eligible applicants.
Added at 15 Ok Reg 2046, eff 5-26-98
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