SECTION 200:10-7-6. Amortization of underlying financing

  The principal amount of the underlying financing for which the applicant seeks Insurance will be amortized on a repayment schedule calculated on a straight line or a more accelerated basis (unless an unfunded depreciation account is created) over a period not to exceed the estimated useful life of the asset being financed except for obligations approved in accordance with statutes authorizing the Quality Jobs Investment Program, but in any event not to exceed twenty-five (25) years for real property and not to exceed fifteen (15) years for personal property, although the underlying financing may mature at an earlier date.

[Source: Amended at 12 Ok Reg 2177, eff 7-14-95]