Oklahoma Administrative Code, Title 330

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Chapter 1 Rules of Administrative Procedure

Subchapter 1 General Provisions

Okla. Admin. Code § 330:1-1-1 Purpose

The rules of this Chapter have been adopted for the purpose of complying with the Administrative Procedures Act, 75 O. S., Section 250, et seq. The Oklahoma Housing Finance Agency ("OHFA") is an agency of the state and an Oklahoma Public Trust created pursuant to Title 60 Oklahoma Statutes 1981, Sections 176 to 180.3, inclusive, as amended and supplemented, the Oklahoma Trust Act, and other applicable statutes and laws of the State of Oklahoma. OHFA operates pursuant to said statutes and laws and in accordance with its Second Amended Trust Indenture dated as of the 4th day of September, 1986 (the "Trust Indenture"), and its Bylaws dated as of the 14th day of July, 1975 (the "Bylaws"), as amended and as same may be amended. The Trust Indenture provides that the Trustees of OHFA shall carry out the provisions of said Trust Indenture.

Okla. Admin. Code § 330:1-1-2 General organization

(a) General. OHFA is organized in accordance with Articles II and IV of the Amended Trust Indenture and in the Bylaws of OHFA, to effectively carry out the policies of OHFA. The affairs, business and property of OHFA are managed by the duly appointed Trustees in accordance with the provisions of Article VI of the Amended Trust Indenture. Pursuant to the Trust Indenture and Bylaws of OHFA, the officers of OHFA are a Chairman, Vice-Chairman, Secretary and a Treasurer, whose duties shall be fulfilled in conformity with the provisions of the Amended Trust Indenture and the Bylaws of OHFA and the positions of Secretary and Treasurer may be united in one person.

(b) Committees. Pursuant to the Trust Indenture and Bylaws, at any meeting of the Trustees, the Trustees may appoint such committees as may be deemed necessary or advisable to assist in the operation and supervision of OHFA, and a Trustee must serve as chairperson of any committee appointed, but professional and lay persons may be appointed to membership on said committees, if deemed advisable by the Trustees.

Okla. Admin. Code § 330:1-1-3 Oklahoma Housing Finance Agency files

All official acts of the Trustees, and all meetings of the Trustees, shall be evidenced by a complete and accurate written record, in accordance with the Oklahoma Open Meeting Act. All final orders, decisions, opinions, rules, minutes and other written statements of policy or interpretations formulated, adopted, or used in the discharge of the function of the Trustees shall be considered public records and available for public inspection at the offices of OHFA, upon written request, during its regular business hours.