Okla. Stat. tit. 62, § 62-690.2

For the purposes of Section 690.1 et seq. of this title:

1. "Authority" means an "Enterprise District Management

Authority" created pursuant to Section 690.7 of this title;

2. "Building" means a structure consisting of a foundation,

walls, roof and other parts necessary to its occupation; provided

however, it shall not include a structure intended to be used for

residence purposes;

3. "Enterprise" means any form of business organization

including, but not limited to, any partnership, sole proprietorship,

corporation, limited liability company or other legally constituted

business entity;

4. "Enterprise district" means at least three but not more than

six contiguous enterprise zones formed for the purpose of issuing

general obligation bonds;

5. "Enterprise zone" means:

a. a county which:

(1) has experienced a decrease in population during

the ten-year period preceding the date as of

which an establishment either enters into a

commitment to locate or announces a plan to

locate within an enterprise zone or expands

activity within an existing enterprise zone as

determined by the Oklahoma Department of

Commerce, or

Oklahoma Statutes - Title 62. Public Finance Page 473

(2) has been determined to rank in the lowest one-

third (1/3) of all counties, which for purposes

of this division shall be computed as the lowest

twenty-five (25) counties, for per capita

personal income as measured by the Bureau of

Economic Analysis for the Oklahoma region for the

calendar year preceding the beginning of the

fiscal year for which an application is made

pursuant to Section 690.3 of this title,

b. an area within or contiguous to the corporate limits

of any city or town of this state which the Oklahoma

Department of Commerce determines, upon application,

as an area of economic distress. For purposes of this

subparagraph, an area within or contiguous to the

corporate limits of a city or town may be determined

to be an area of economic distress if it consists of

one or more census tracts located within a city or

town or contiguous to a city or town. The area as

defined by this subparagraph must:

(1) contain a population of persons equal to or

greater than thirty percent (30%) of the total

population the household income for whom is equal

to or less than the poverty level as measured by

the U.S. Census Bureau for the Oklahoma region

for the most recent year for which data is

available prior to the date an application is

made pursuant to Section 690.3 of this title, or

(2) contain a population of persons the per capita

gross income for whom is fifteen percent (15%) or

more below the state per capita income,

c. an area designated as a federal enterprise community

as provided by Section 690.3 of this title, or

d. any enterprise zone designated by the Oklahoma

Department of Commerce prior to July 1, 2000;

6. "Equipment" means machinery necessary to the construction or

manufacture of products for resale;

7. "Expand" means to make expenditures to add land, buildings,

machinery, equipment or other materials, except inventory, to a

facility that equal at least ten percent (10%) of the market value

of the facility prior to such expenditures, as determined for the

purposes of local property taxation;

8. "Facility" means an enterprise's place of business in an

enterprise zone, including land, buildings, machinery, equipment and

other materials, except inventory used in business. Except as

provided by subsection B of Section 11 of this act, “facility” does

not include an establishment used primarily for making retail sales;

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9. "Full-time employee" means an individual who is employed for

consideration by an enterprise for at least thirty-five (35) hours a

week, or who renders any other standard of service generally

accepted by custom or specified by contract as full-time employment;
ty” does

not include an establishment used primarily for making retail sales;

Oklahoma Statutes - Title 62. Public Finance Page 474

9. "Full-time employee" means an individual who is employed for

consideration by an enterprise for at least thirty-five (35) hours a

week, or who renders any other standard of service generally

accepted by custom or specified by contract as full-time employment;

10. "New employee" means a full-time employee first employed by

an enterprise at a facility after the designation of an enterprise

zone;

11. "Position" means the position of one full-time employee

performing a particular set of tasks and duties;

12. "Priority Enterprise Zones" means enterprise zones which

are selected to receive additional resources or programs after

meeting the criteria specified in this act;

13. "Project" means any undertaking by an enterprise to

establish a facility or to improve a facility by expansion, in an

enterprise zone or enterprise district;

14. "Responsible tenant" means any person, partnership, firm,

company or corporation whether organized for profit or not deemed by

the Authority, after proper investigation, to be financially

responsible to assume all rental and all other obligations

prescribed by the Authority in the leasing of any building or

equipment on which the Authority has a loan outstanding; and

15. "Renovate" means to make expenditures to alter or repair a

facility that equal at least fifty percent (50%) of the market value

of the facility prior to such expenditures, as determined for the

purposes of local property taxation.