Okla. Stat. tit. 68, § 68-3657
This is the official text of Okla. Stat. tit. 68, § 68-3657, 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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Quality Jobs Program Incentive Leverage Fund
Official statutory text
There is hereby created within the State Treasury a special fund
for the Oklahoma Development Finance Authority to be designated the
“Quality Jobs Program Incentive Leverage Fund”. All amounts
deposited into the fund shall be used and expended by the Oklahoma
Development Finance Authority solely for the purposes and in the
amounts authorized by the Oklahoma Quality Jobs Incentive Leverage
Act. The Oklahoma Development Finance Authority is hereby
specifically authorized and directed to use the monies transferred
from the Quality Jobs Program Incentive Leverage Fund for the
payment of principal, interest and other costs associated with the
issuance of obligations pursuant to the provisions of this act. The
Oklahoma Development Finance Authority shall establish separate
accounts within the Quality Jobs Program Incentive Leverage Fund as
may be required to separately record transactions involving each
establishment that files an irrevocable election or second
irrevocable election pursuant to Section 3658 of this title and to
provide for the deposit of incentive payments, if applicable, and
withholding taxes apportioned to the Fund pursuant to Section 3659
of this title or for such other purposes as the Authority may
determine to be necessary.
for the Oklahoma Development Finance Authority to be designated the
“Quality Jobs Program Incentive Leverage Fund”. All amounts
deposited into the fund shall be used and expended by the Oklahoma
Development Finance Authority solely for the purposes and in the
amounts authorized by the Oklahoma Quality Jobs Incentive Leverage
Act. The Oklahoma Development Finance Authority is hereby
specifically authorized and directed to use the monies transferred
from the Quality Jobs Program Incentive Leverage Fund for the
payment of principal, interest and other costs associated with the
issuance of obligations pursuant to the provisions of this act. The
Oklahoma Development Finance Authority shall establish separate
accounts within the Quality Jobs Program Incentive Leverage Fund as
may be required to separately record transactions involving each
establishment that files an irrevocable election or second
irrevocable election pursuant to Section 3658 of this title and to
provide for the deposit of incentive payments, if applicable, and
withholding taxes apportioned to the Fund pursuant to Section 3659
of this title or for such other purposes as the Authority may
determine to be necessary.
Status: in_force · Read it on the official government site
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