Okla. Stat. tit. 62, § 62-891.17
This is the official text of Okla. Stat. tit. 62, § 62-891.17, part of Oklahoma’s Stat. tit. 62, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 62,." Browse the sections below, each linked to its official government source.
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Promulgation of rules establishing funding criteria -
Official statutory text
Scoring system to evaluate projects.
A. The Oklahoma Department of Commerce shall promulgate rules
for purposes of establishing criteria for the funding of authorized
infrastructure projects from the proceeds of obligations issued by
the Oklahoma Development Finance Authority for the Public-Private
Partner Development Pool.
B. The Department shall establish a scoring system to evaluate
projects to be financed from the proceeds of obligations issued by
the Authority for the Public-Private Partner Development Pool.
C. The scoring system shall include, but shall not be limited
to, analysis of:
1. Capital investment by one or more for-profit business
entities and/or federal government defense entities;
2. Additional capital investment by one or more local
government entities;
3. New direct jobs as defined by Section 3603 of Title 68 of
the Oklahoma Statutes, to be created by a for-profit business entity
or entities;
Oklahoma Statutes - Title 62. Public Finance Page 598
4. Salary and wage payments to persons employed in new direct
jobs; and
5. The likelihood of additional business location decisions
resulting from the activity of the for-profit business entity or
entities that would benefit from use of the Public-Private Partner
Development Pool.
D. One or more eligible local government entities shall apply
to the Department for approval of a pooled financing for an
infrastructure project on such forms as the Department may
prescribe.
E. The Department shall compile and maintain a prioritized list
of infrastructure projects eligible for pooled financing through the
Authority.
F. The Authority shall use the prioritized list provided by the
Department in order to provide financing to the eligible local
government entities in conjunction with one or more for-profit
business entity or entities for infrastructure development.
G. The Authority shall, within the limit on available bond
proceeds in the Development Infrastructure Pool, provide proceeds in
accordance with the scoring system established by the Department
pursuant to this section.
A. The Oklahoma Department of Commerce shall promulgate rules
for purposes of establishing criteria for the funding of authorized
infrastructure projects from the proceeds of obligations issued by
the Oklahoma Development Finance Authority for the Public-Private
Partner Development Pool.
B. The Department shall establish a scoring system to evaluate
projects to be financed from the proceeds of obligations issued by
the Authority for the Public-Private Partner Development Pool.
C. The scoring system shall include, but shall not be limited
to, analysis of:
1. Capital investment by one or more for-profit business
entities and/or federal government defense entities;
2. Additional capital investment by one or more local
government entities;
3. New direct jobs as defined by Section 3603 of Title 68 of
the Oklahoma Statutes, to be created by a for-profit business entity
or entities;
Oklahoma Statutes - Title 62. Public Finance Page 598
4. Salary and wage payments to persons employed in new direct
jobs; and
5. The likelihood of additional business location decisions
resulting from the activity of the for-profit business entity or
entities that would benefit from use of the Public-Private Partner
Development Pool.
D. One or more eligible local government entities shall apply
to the Department for approval of a pooled financing for an
infrastructure project on such forms as the Department may
prescribe.
E. The Department shall compile and maintain a prioritized list
of infrastructure projects eligible for pooled financing through the
Authority.
F. The Authority shall use the prioritized list provided by the
Department in order to provide financing to the eligible local
government entities in conjunction with one or more for-profit
business entity or entities for infrastructure development.
G. The Authority shall, within the limit on available bond
proceeds in the Development Infrastructure Pool, provide proceeds in
accordance with the scoring system established by the Department
pursuant to this section.
Status: in_force · Read it on the official government site
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