Oklahoma § 69-407 - Rules

§ 69-407. Rules

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.

Added by Laws 1998, c. 292, § 6, eff. Nov. 1, 1998. Amended by Laws

2012, c. 356, § 5, eff. Nov. 1, 2012.