Okla. Stat. tit. 68, § 68-3647.4

This is the official text of Okla. Stat. tit. 68, § 68-3647.4, part of Oklahoma’s Stat. tit. 68, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 68,." Browse the sections below, each linked to its official government source.

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Rebate payment calculation

Official statutory text

A. Subject to the approval and ongoing review of the

eligibility application by the Oklahoma Department of Commerce, the

ROA-25 investment rebate payment authorized by this act shall be

equal to one-fifteenth (1/15) of the payout value of the financial

instrument purchased or acquired pursuant to Section 5 of this act;

ROA-25 investment rebate payments in the same amount shall be

allowed in each of the fifteen (15) subsequent years, provided the

Department has verified that the establishment remains eligible for

such payment in each successive year based on the eligibility

criteria of this act.

B. The Oklahoma Department of Commerce is authorized to

conditionally pre-qualify and account for anticipated future ROA-25

investment rebate payments. The Oklahoma Department of Commerce

shall not pre-qualify ROA-25 investment rebate payments, encumber

funds, pre-encumber funds, or otherwise allocate resources in any

way that would result in the allocation of ROA-25 investment rebate

payments in excess of the anticipated accumulation of available

funds in the ROA-25 Beneficiary Revolving Fund.

Status: in_force · Read it on the official government site

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