Oklahoma § 74-2903.2 - Homebuilder Revolving Fund

§ 74-2903.2. Homebuilder Revolving Fund

There is hereby created in the State Treasury a revolving fund

for the Oklahoma Housing Finance Agency (OHFA) to be designated the

"Homebuilder Revolving Fund". The fund shall be a continuing fund,

not subject to fiscal year limitations, and shall consist of all

monies received by the OHFA from appropriations, donations, grants,

or other sources of funding specifically designated for deposit to

the Homebuilder Revolving Fund. All monies accruing to the credit

of said fund are hereby appropriated and may be budgeted and

expended by the OHFA for the purpose of the Oklahoma Homebuilder

Program as described in Section 2 of this act. Of the funds

available, the OHFA may use up to five percent (5%) of the funds to

cover additional administrative costs to OHFA in administering the

Oklahoma Homebuilder Program.

Added by Laws 2023, 1st Ex. Sess., c. 22, § 3, eff. July 1, 2023.