§ 5063.4b. Small Business Credit Enhancement Program--Creation--Requirements
Oklahoma Statutes AnnotatedTitle 74. State Government
74 Okl.St.Ann. § 5063.4b
§ 5063.4b. Small Business Credit Enhancement Program--Creation--Requirements
There is hereby created the Small Business Credit Enhancement Program. Twenty-five percent (25%) of the amount allocated to the industrial, agribusiness, and other private activity portfolio mix category pursuant to Section 9 of this act1 shall be used for the Small Business Credit Enhancement Program. Credit enhancements provided pursuant to this section shall be subject to the following requirements:
b. in the case of a new business, at the time application is made for financing assistance, projects that, during the first twelve (12) months of operation, it is reasonably expected will employ twenty (20) persons or less or have gross sales not exceeding One Million Five Hundred Thousand Dollars ($1,500,000.00);
Credits
Laws 1990, c. 342, § 10, emerg. eff. May 30, 1990.
Footnotes
Title 74, § 5063.4a.
74 Okl. St. Ann. § 5063.4b, OK ST T. 74 § 5063.4b
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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