Oklahoma § 68-3652 - Legislative findings

§ 68-3652. Legislative findings

The Legislature finds that certain establishments which have,

previous to the effective date of this act, qualified for incentive

payments pursuant to the Oklahoma Quality Jobs Program Act are a

source of economic benefits for the state, its political

subdivisions and its residents that can only be achieved through the

use of specialized economic incentives. The Oklahoma Quality Jobs

Incentive Leverage Act is enacted in order to provide a mechanism

for the leverage of incentive payments for the purpose of promoting

and sustaining economic growth and activity within the State of

Oklahoma Statutes - Title 68. Revenue and Taxation

Oklahoma. The Legislature finds that the use of the incentive

payment, together with other fiscal resources, is a method that

provides a beneficial correlation between the use of monies in the

Quality Jobs Program Incentive Leverage Fund and the total economic

benefits to be derived from the use of proceeds from the sale of

obligations provided by Section 3654 of this title.

Added by Laws 2002, c. 299, § 2, emerg. eff. May 23, 2002. Amended

by Laws 2008, c. 182, § 1, eff. Nov. 1, 2008.