Okla. Stat. tit. 69, § 69-407
This is the official text of Okla. Stat. tit. 69, § 69-407, part of Oklahoma’s Stat. tit. 69, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 69,." Browse the sections below, each linked to its official government source.
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Rules
Official statutory text
The Department of Transportation shall prescribe such rules as
may be necessary for determining the eligibility and priority of
such entities for transportation projects in order to receive loans
made pursuant to the National Highway System Designation Act of
1995, credit assistance pursuant to the Transportation
Infrastructure Finance and Innovation Act of 1998 and the State
Infrastructure Bank Revolving Fund. At a minimum, such rules shall:
1. Ensure the fair and equitable prioritization of entities
eligible for loans made pursuant to the provisions of this act;
2. Be in conformance with applicable provisions of the National
Highway System Designation Act of 1995 and the Transportation
Infrastructure Finance and Innovation Act of 1998;
3. Require that, to be approved, an applicant needs or will
need the transportation project loan to comply with regulations and
standards adopted by the Department; and
4. Require the transportation project to:
a. be designed to enhance the economic development of
this state and provide safety to its citizens,
b. meet the established criteria of the Department as
provided for by the National Highway System
Designation Act of 1995 and the Transportation
Infrastructure Finance and Innovation Act of 1998,
c. comply with all applicable federal, state, and local
laws and rules, and
d. meet any other consideration deemed necessary by the
Department.
may be necessary for determining the eligibility and priority of
such entities for transportation projects in order to receive loans
made pursuant to the National Highway System Designation Act of
1995, credit assistance pursuant to the Transportation
Infrastructure Finance and Innovation Act of 1998 and the State
Infrastructure Bank Revolving Fund. At a minimum, such rules shall:
1. Ensure the fair and equitable prioritization of entities
eligible for loans made pursuant to the provisions of this act;
2. Be in conformance with applicable provisions of the National
Highway System Designation Act of 1995 and the Transportation
Infrastructure Finance and Innovation Act of 1998;
3. Require that, to be approved, an applicant needs or will
need the transportation project loan to comply with regulations and
standards adopted by the Department; and
4. Require the transportation project to:
a. be designed to enhance the economic development of
this state and provide safety to its citizens,
b. meet the established criteria of the Department as
provided for by the National Highway System
Designation Act of 1995 and the Transportation
Infrastructure Finance and Innovation Act of 1998,
c. comply with all applicable federal, state, and local
laws and rules, and
d. meet any other consideration deemed necessary by the
Department.
Status: in_force · Read it on the official government site
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