SECTION 150:125-1-5. Award process

Latest version.

The Director shall make recommendations to the Contingency Review Board for expenditures whether by loan or grant, which meet the criteria set forth in 62 O.S. § 48 and are expected to result in substantial economic benefit to the State. Upon the unanimous approval of the Contingency Review Board the award shall be made. Any lien or security interest retained by the State shall follow the guidelines set forth in 62 O.S. § 48.

[Source: Added at 23 Ok Reg 3160, eff 7-20-06 (emergency); Added at 24 Ok Reg 1209, eff 5-25-07]

                    
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