SECTION 252:515-37-9. Prioritization of funding

Latest version.

(a)   Financial soundness. The DEQ shall prioritize projects for continued receipt of incentive payments based upon a determination that:
(1)   the project has operated with a positive cash flow; and
(2)   financial performance is reasonably expected to continue over the anticipated life of the project, especially after incentive payments have ended.
(b)   Existing vs. new projects. If the DEQ receives proposals for more than one project and for more incentive payments than funds available, priority will be given to existing projects over start-up projects. If further prioritization is necessary, the DEQ shall give first consideration to projects entering the third year of operation.

[Source: Added at 20 Ok Reg 1151, eff 6-1-03]

                    
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