Okla. Stat. tit. 82, § 82-1085.62
This is the official text of Okla. Stat. tit. 82, § 82-1085.62, part of Oklahoma’s Stat. tit. 82, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 82,." Browse the sections below, each linked to its official government source.
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Establishment of criteria for determination of
Official statutory text
interest rates on loans - Annual report.
In order to comply with the requirements of federal and state
laws, the Board shall complete the following:
1. Establish criteria for determining the interest rates on
loans to be made from the Clean Water State Revolving Fund Loan
Account. Such criteria may incorporate applicable United States
Environmental Protection Agency and Rural Development Administration
guidelines for financial assistance.
a. In determining interest rates on loans made from the
fund, in addition to other information, due
consideration shall be given to:
(1) providing for the maintenance of the account in
perpetuity,
(2) statewide needs for the assistance available
pursuant to the provisions of this act,
(3) five-year demand projections of the Board for
assistance available pursuant to the provisions
of this act,
(4) prevailing market interest rates, and
(5) debt service requirements of investment
certificates issued by the Board to provide funds
for the Clean Water State Revolving Fund Loan
Account.
b. In developing criteria for the determination of
interest rates available to individual entities, in
addition to other information, due consideration shall
be given to:
(1) financial resources of the entity,
Oklahoma Statutes - Title 82. Waters and Water Rights Page 249
(2) the ability of the entity to repay the loan,
(3) those entities that discharge into those streams
and rivers designated as scenic river areas
pursuant to the provisions of Section 1452 of
this title or outstanding resource waters under
Oklahoma's Water Quality Standards, and
(4) prevailing market interest rates; and
2. Submission of an annual report by the Board to the Governor
and to the Speaker of the House of Representatives and the President
Pro Tempore of the Senate within one hundred twenty (120) days of
the end of each fiscal year concerning the Clean Water State
Revolving Fund Loan Account and implementation of the provisions of
Sections 1085.51 through 1085.65 of this title. The report shall
contain information to show the actual use and the recipients of
loans made from the Clean Water State Revolving Fund Loan Account.
In addition, the report shall contain five-year demand projections
on anticipated loan funds required and ten-year and twenty-year
projections as to possible funding needs for water quality projects
which may be eligible for financial assistance under Sections
1085.51 through 1085.65 of this title.
In order to comply with the requirements of federal and state
laws, the Board shall complete the following:
1. Establish criteria for determining the interest rates on
loans to be made from the Clean Water State Revolving Fund Loan
Account. Such criteria may incorporate applicable United States
Environmental Protection Agency and Rural Development Administration
guidelines for financial assistance.
a. In determining interest rates on loans made from the
fund, in addition to other information, due
consideration shall be given to:
(1) providing for the maintenance of the account in
perpetuity,
(2) statewide needs for the assistance available
pursuant to the provisions of this act,
(3) five-year demand projections of the Board for
assistance available pursuant to the provisions
of this act,
(4) prevailing market interest rates, and
(5) debt service requirements of investment
certificates issued by the Board to provide funds
for the Clean Water State Revolving Fund Loan
Account.
b. In developing criteria for the determination of
interest rates available to individual entities, in
addition to other information, due consideration shall
be given to:
(1) financial resources of the entity,
Oklahoma Statutes - Title 82. Waters and Water Rights Page 249
(2) the ability of the entity to repay the loan,
(3) those entities that discharge into those streams
and rivers designated as scenic river areas
pursuant to the provisions of Section 1452 of
this title or outstanding resource waters under
Oklahoma's Water Quality Standards, and
(4) prevailing market interest rates; and
2. Submission of an annual report by the Board to the Governor
and to the Speaker of the House of Representatives and the President
Pro Tempore of the Senate within one hundred twenty (120) days of
the end of each fiscal year concerning the Clean Water State
Revolving Fund Loan Account and implementation of the provisions of
Sections 1085.51 through 1085.65 of this title. The report shall
contain information to show the actual use and the recipients of
loans made from the Clean Water State Revolving Fund Loan Account.
In addition, the report shall contain five-year demand projections
on anticipated loan funds required and ten-year and twenty-year
projections as to possible funding needs for water quality projects
which may be eligible for financial assistance under Sections
1085.51 through 1085.65 of this title.
Status: in_force · Read it on the official government site
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