 |
Oklahoma Administrative Code (Last Updated: March 11, 2021) |
 |
TITLE 200. Oklahoma Development Finance Authority |
|
Chapter 10. Administration of Credit Enhancement Reserve Fund |
|
Subchapter 5. Project and Program Eligibility |
SECTION 200:10-5-4. Fund portfolio mix
Latest version.
- (a) The Administrator will avoid concentration in any one industry or economic activity group and achieve a diverse utilization of the resources of the Fund to the end that there is a diversity of purposes for which Insurance Commitments are issued. The Administrator will issue Insurance Commitments within the insurance resources of the Fund that are for ODFA financing assistance that will not exceed the limits for the respective purposes as follows:(1) Industrial, agribusiness and other private activity: 25% of fund resources(2) Infrastructure, capital improvements and other public facilities including Health Care Facilities and other non-profits providing that not more than 20% of this allocation may be used for health care and other non-profit owned facilities: 75% of fund resources(b) The amount available for each purpose in the table in (a) of this Section is determined by deducting the outstanding Insurance or Insurance Commitments for obligations approved by the Bond Oversight Commissions prior to June 9, 1990 from the total principal amount of Credit Enhancement Reserve Fund Obligation Bonds which The Oklahoma Development Finance Authority is authorized to issue pursuant to Title 74 Section 5063.11. Up to $40,000,000 of the resources of the Credit Enhancement Reserve fund may be used for investments made pursuant to the Quality Jobs Investment Program.