Oklahoma Administrative Code, Title 200

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Chapter 1 Administrative Operations

Okla. Admin. Code § 200:1-1-1 Purpose

This Chapter explains the nature of The Oklahoma Development Finance Authority (formerly The Oklahoma Development Authority), the general operations of the Authority, and the Authority's role as Administrator of the Credit Enhancement Reserve Fund, pursuant to Oklahoma law.

Okla. Admin. Code § 200:1-1-2 Definitions

The following words and terms, when used in this Chapter, shall have the following meaning, unless the context clearly indicates otherwise:

"Act" means the Credit Enhancement Reserve Fund Act. [74:5063.2.1.]

"Administrator" means the directors, officers and employees of The Oklahoma Development Finance Authority, as Administrator of the Fund.

"Authority" means the Oklahoma Development Finance Authority. [74:5062.5.1]

"Board" means the Board of Directors of the ODFA.

"Board of Directors" means and includes the board of directors of the Authority created by this act (the Oklahoma Development Finance Authority Act). [74:5062.5.3]

"Director" or "Directors" means an individual member or members of the Board of Directors of the ODFA.

"Financing Assistance" or "financial assistance" means the making of, entering into or providing for guarantees, leases, insurance, financing credits, loans, letters of credit, financing assistance payments, grants or other financial aid. [74:5062.5.10]

"Fund" means the Credit Enhancement Reserve Fund. [74:5063.2.3]

"ODFA" means The Oklahoma Development Finance Authority existing and operating under Title 74, Sections 5062.1 to . 22, as the successor to The Oklahoma Development Authority, a public trust organized under Title 60, Sections 176 et.seq. and a Declaration of Trust, as amended.

"ODFA Act" means the Oklahoma Development Finance Authority Act codified at Title 74, Sections 5062.1 to .22.

"Quality Jobs Investment Program" means the Quality Jobs Investment Program codified at Title 74, Sections 5062.8A-G, which provides legislative authorization for the ODFA to use the resources of the CERF to attract investment capital into Oklahoma.

"State" means the State of Oklahoma or any office, department, agency, authority, commission, board, institution, hospital, college, university, public trust where the state is the beneficiary, or other instrumentality thereof. [74:5062.5.19]

History

• Amended at 12 Ok Reg 2173, eff 7-14-95

Okla. Admin. Code § 200:1-1-3 Statutory citations

Citations to statutes in the rules of this Chapter refer to the most recent codification of the statute.