 |
Oklahoma Administrative Code (Last Updated: March 11, 2021) |
 |
TITLE 150. Oklahoma Department of Commerce |
|
Chapter 65. Oklahoma Quality Jobs Program |
|
Subchapter 5. Former Military Facilities |
SECTION 150:65-5-1. Eligibility
Latest version.
- (a) Eligible entities which may apply for the Former Military Facility Development Program are establishments that meet the qualifications of 68 O.S. Supp. 1994, Section 3601 et seq. and 150:65-1-1 through 150:65-1-13 except that the establishment:(1) Has an annual gross payroll for new direct jobs projected to equal at least One Million Five Hundred Thousand Dollars ($1,500,000.00) but less than Two Million Five Hundred Thousand Dollars ($2,500,000.00) within three (3) years of the anticipated date of receipt of the first incentive payment; and(2) Locates its principal business activity at a former military facility used primarily for a "military purpose." Provided, however, that the restrictions of 68 O.S. Supp. 1994, Section 3802 (H) shall apply.(b) For purposes of this chapter "military purpose" shall not include the storage of prisoners or ammunition and "military facility" shall only include those facilities operated by the United States Army, Navy or Air Force.