Oklahoma § 74-5062.5 - Definitions

§ 74-5062.5. Definitions

As used in the Oklahoma Development Finance Authority Act:

1. "Authority" means the Oklahoma Development Finance

Authority;

2. "Agricultural enterprise" means facilities for farms,

ranches, other agricultural, silvicultural or aquacultural commodity

operations, and related businesses and industries, including but not

limited to, grain elevators, shipping heads, livestock pens,

warehouses and other storage facilities, related transportation

facilities, drainage facilities and any related facilities hereto;

3. "Board of directors" means and includes the board of

directors of the Authority created by this act;

4. "Bonds" means any bonds, notes, obligations, debentures,

interim certificates, grant and revenue anticipation notes, interest

in a lease, lease certificates of participation or other evidences

of indebtedness, whether or not the interest on which is includable

Oklahoma Statutes - Title 74. State Government

in the gross income of the recipients thereof for federal income tax

purposes, issued by the Authority pursuant to this act;

5. "Educational facilities" means any facility intended by an

educational institution in furtherance of its educational program,

including, but not limited to, classrooms, laboratories,

administrative buildings, equipment and other property for use

therein or thereon;

6. "Energy conservation facilities" means any facility

designated for the purchasing and installation of energy

conservation equipment or facilities, including building

modifications;

7. "Energy distribution facilities" means an energy

distribution system owned, in whole or in part, by an individual,

municipality, corporation or other governmental or business entity

and which uses alcohol, peat, solar, waste, water and related dams,

wind, wood, coal or natural gas;

8. "Energy generating facilities" means (a) for a system which

does not generate electricity, an energy generating system owned, in

whole or in part, by an individual, municipality, corporation or

other governmental or business entity, and which systems uses

biomass, peat, solar, waste, water and related dams, wind, wood or

coal, or which is an energy conservation project; or (b) for a

system which does generate electricity, an energy generating system

which uses alcohol, peat, solar, waste, water and related dams,

wind, wood or coal, and which is owned, in whole or in part, by an

individual, municipality, corporation or other business or

governmental entity;

9. "Facilities" means any real property, including, without

limitation, any land, building, fixture, improvement, easement,

right-of-way, water right, land lying under the water or air right,

and any personal property, including without limitation any

leasehold, inventory, account receivable, patent, license,

franchise, machinery, equipment, merchandise, raw material, supply,

product, work in process or stock in trade, or mixed property of any

and every kind including, but not limited to, buildings, rights-ofway, roads, streets, waterways, transportation systems, ports and

terminals, pipes, pipelines, reservoirs, utilities, pollution

control systems, toxic and solid waste disposal systems, health care

facilities for furnishing any physical or mental health care,

materials, commodities, equipment, fixtures, machinery, furniture,

furnishings, instrumentalities, tourism facilities in the form of

amusement parks, entertainment parks, theme parks, or museums, and

other real, personal or mixed property of every kind or any

preliminary studies and surveys related thereto;

10. "Financing assistance" or "financial assistance" means the

making of, entering into or providing for guarantees, leases,

Oklahoma Statutes - Title 74. State Government

insurance, financing credits, loans, letters of credit, financing

assistance payments, grants or other financial aid;

11. "Financial document" means a lease, installment sale

agreement, conditional sale agreement, note, mortgage, chattel

mortgage, loan agreement or other instrument pertaining to an

extension of financial assistance;

12. "Industrial enterprise" means facilities for manufacturing,

producing, research, processing, assembling, repairing, extracting,

warehousing and distributing goods, facilities for any service

profession, facilities for communications, computer services,

transportation and corporate and management offices and services

provided in connection with any of the foregoing, in isolation or in

any combination that involve the creation of new or additional

employment or the retention of existing employment, and industrial

parks;

13. "Operating capital" means start-up costs of general

administration for a temporary period not to exceed one (1) year for

qualified enterprises as defined in the bylaws or by resolution of

the Authority;

14. "Political subdivision" means any incorporated city or

town, school district, county, special district or public trust

where a city, town, school district, county or special district is a

beneficiary and all their institutions, agencies or

instrumentalities;

15. "Pollution" means any form of environmental pollution,

including, but not limited to, water pollution, air pollution,

radiation contamination, noise pollution or pollution caused by

solid waste disposal;

16. "Pollution control facilities" means any facilities for the

purpose of reducing, abating, preventing. controlling, or

eliminating pollution caused or produced by the operation of any

manufacturing, industrial, or commercial enterprise or any utility

plant or useful for the purpose of removing or treating any

substance in processed material, which material would cause

pollution if used without such removal or treatment;

17. "Project" means any facility used for or in connection with

any of the following: industrial enterprises, agricultural

enterprises, capital improvements, health-care facilities,

educational facilities, pollution control facilities, energy

conservation facilities, energy distribution facilities, energy

generating facilities, recreational facilities, tourism facilities

in the form of amusement parks, entertainment parks, theme parks, or

museums, short-term advance funding, waste water facilities;

18. "Short-term advance funding" shall mean the financing of

temporary cash shortfalls of the state or political subdivisions;

19. "State" means the State of Oklahoma or any office,

department, agency, authority, commission, board, institution,

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hospital, college, university, public trust where the state is the

beneficiary or other instrumentality thereof;

20. "Waste water" shall mean any water containing sewage,

industrial wastes, or other wastes or contaminants derived from the

prior use of such water, and shall include, without limiting the

generality of the foregoing, surface water of the type storm sewers

are designed to collect and dispose of; and

21. "Waste water facilities" shall mean any facility for the

purpose of treating, neutralizing, disposing of, stabilizing,

cooling, segregating or holding waste water, including, without

limiting the generality of the foregoing, facilities for the

treatment and disposal of sewage, industrial wastes, or other

wastes, waste water, and the residue thereof; facilities for the

temporary or permanent impoundment of waste water, both surface and

underground; and sanitary sewers or other collection systems,

whether on the surface or underground, designed to transport waste

water together with the equipment and furnishings thereof and their

appurtenances and systems, whether on the surface or underground

including force mains and pumping facilities therefor.

Added by Laws 1987, c. 222, § 53, operative July 1, 1987. Amended by

Laws 1989, c. 350, § 5, operative July 1, 1989.