§ 88.2. Definitions
Oklahoma Statutes AnnotatedTitle 62. Public Finance
62 Okl.St.Ann. § 88.2
§ 88.2. Definitions
As used in the Oklahoma Small Business Linked Deposit Act:
c. any public trust authorized in accordance with Section 176 of Title 60 of the Oklahoma Statutes engaged in industrial development as determined by the Department of Commerce. Such public trusts are limited to fifteen percent (15%) of the total available funds and a nonrenewable term not to exceed six (6) months unless their purpose is to make package passthrough loans to other private nontrust recipients for industrial development purposes in which case the other conditions contained in this act shall apply. Subsequent loans made by an eligible trust cannot exceed the interest rate established by this act.
Credits
Laws 1988, c. 183, § 2, eff. July 1, 1988; Laws 1990, c. 321, § 7, emerg. eff. May 30, 1990.
62 Okl. St. Ann. § 88.2, OK ST T. 62 § 88.2
Current with emergency effective legislation through Chapter 182 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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