Oklahoma § 62-891.10 - Oklahoma Department of Commerce rules and forms Prioritized list - Authority for the Infrastructure Pool

§ 62-891.10. Oklahoma Department of Commerce rules and forms Prioritized list - Authority for the Infrastructure Pool

A. The Oklahoma Department of Commerce shall promulgate rules

for purposes of establishing criteria for the funding of authorized

infrastructure projects from the proceeds of obligations issued by

the Authority for the Infrastructure Pool.

B. The criteria shall be similar to the criteria used by the

federal government in administering the Community Development Block

Grant program.

C. A combination of eligible local government entities shall

apply to the Department for approval of a pooled financing for an

infrastructure project on such forms as the Department may prescribe

for such purpose.

Oklahoma Statutes - Title 62. Public Finance

D. The Department shall compile and maintain a prioritized list

of infrastructure projects eligible for pooled financing through the

Oklahoma Development Finance Authority.

E. The Oklahoma Development Finance Authority shall use the

prioritized list provided by the Department in order to provide

financing to the eligible local government entities.

F. The Authority shall, within the limit on available bond

proceeds in the Infrastructure Pool, provide proceeds in accordance

with the scoring system used by the Department.

Added by Laws 2009, c. 309, § 10, eff. July 1, 2009.