Okla. Stat. tit. 74, § 74-858
This is the official text of Okla. Stat. tit. 74, § 74-858, part of Oklahoma’s Stat. tit. 74, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 74,." Browse the sections below, each linked to its official government source.
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Loan applications - Contents
Official statutory text
Prior to the loaning of any funds to an industrial development
agency for an industrial development project, the Authority shall
receive from such industrial development agency a loan application
in the form adopted by the Authority which shall contain, without
being limited to, the following provisions:
(a) A general description of the industrial development project
and a general description of the industrial or manufacturing
enterprise for which the industrial development project has been or
is to be established;
(b) A legal description of all real estate necessary for the
industrial development project;
(c) Such plans and other documents as may be required to show
the type, structure, and general character of the industrial
development project;
(d) A general description of the type (types and categories of
skills) and number of employees employed or to be employed in the
operation of the industrial development project;
(e) Evidence that the Authority shall have a purchase money
security interest in any moveable machinery financed by the
Authority;
Oklahoma Statutes - Title 74. State Government Page 583
(f) Costs or estimates of cost of establishing the industrial
development project;
(g) A general description and statement of value of any
property, real or personal, of the industrial development agency
applied or to be applied to the establishment of the industrial
project;
(h) A statement of cash funds previously applied, or then held
by the industrial development agency which are available for and are
to be applied to the establishment of the industrial development
project;
(i) Evidence of the arrangement made by the industrial
development agency for the financing of all costs of the industrial
development project over and above the participation of the
industrial development agency;
(j) A general description of the responsible tenant to which the
industrial development agency has leased or will lease the
industrial development project or of the responsible buyer to which
the industrial development agency has sold or will sell the project;
(k) A general description of the form of lease or sales agreement
entered into or to be entered into by and between the industrial
development agency and its responsible tenant or responsible buyer;
(l) Evidence that the establishment of the industrial
development project will not cause the removal of an industrial or
manufacturing plant or facility from one area of the state to
another area of the state, or replace an existing industry;
(m) Any additional evidence which the Authority may deem
pertinent to a determination of the probable successful operation of
the industrial development project at the selected location, and
indicating that a substantial increase in employment and payrolls
will probably result from the granting of such loans.
agency for an industrial development project, the Authority shall
receive from such industrial development agency a loan application
in the form adopted by the Authority which shall contain, without
being limited to, the following provisions:
(a) A general description of the industrial development project
and a general description of the industrial or manufacturing
enterprise for which the industrial development project has been or
is to be established;
(b) A legal description of all real estate necessary for the
industrial development project;
(c) Such plans and other documents as may be required to show
the type, structure, and general character of the industrial
development project;
(d) A general description of the type (types and categories of
skills) and number of employees employed or to be employed in the
operation of the industrial development project;
(e) Evidence that the Authority shall have a purchase money
security interest in any moveable machinery financed by the
Authority;
Oklahoma Statutes - Title 74. State Government Page 583
(f) Costs or estimates of cost of establishing the industrial
development project;
(g) A general description and statement of value of any
property, real or personal, of the industrial development agency
applied or to be applied to the establishment of the industrial
project;
(h) A statement of cash funds previously applied, or then held
by the industrial development agency which are available for and are
to be applied to the establishment of the industrial development
project;
(i) Evidence of the arrangement made by the industrial
development agency for the financing of all costs of the industrial
development project over and above the participation of the
industrial development agency;
(j) A general description of the responsible tenant to which the
industrial development agency has leased or will lease the
industrial development project or of the responsible buyer to which
the industrial development agency has sold or will sell the project;
(k) A general description of the form of lease or sales agreement
entered into or to be entered into by and between the industrial
development agency and its responsible tenant or responsible buyer;
(l) Evidence that the establishment of the industrial
development project will not cause the removal of an industrial or
manufacturing plant or facility from one area of the state to
another area of the state, or replace an existing industry;
(m) Any additional evidence which the Authority may deem
pertinent to a determination of the probable successful operation of
the industrial development project at the selected location, and
indicating that a substantial increase in employment and payrolls
will probably result from the granting of such loans.
Status: in_force · Read it on the official government site
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