SECTION 330:30-4-1.1. Preliminary matters (Pre-Application)

(a)   The AP, as approved by the Trustees may modify, expand, or clarify the following criteria.

(b)   Prior to submission of an Application, it is advisable for the Applicant to schedule a meeting with OHFA's Executive Director or his designees to present a brief overview of the proposed Development. Any technical aspects of the Development or its proposed financing should be explained to OHFA at this meeting. OHFA should be advised of any anticipated difficulties or contingencies.

(c)   While Applications may be submitted at any time, it is essential to discuss any proposal with OHFA to establish a timeline consistent with other transactions of OHFA. The State's approval process for allocating the State's annual private activity bond volume cap may affect timing and should also be taken into consideration.

(d)   OHFA requires adequate time to review any proposal. No proposal will be taken to the Trustees unless OHFA has had adequate review time.

(e)   OHFA will engage a team of professionals, according to State procedures. If a professional substitution is approved, the amount of fees charged cannot exceed those outlined through the State process.

[Source: Added at 20 Ok Reg 2411, eff 7-11-03; Amended at 30 Ok Reg 1973, eff 7-31-13; Amended at 33 Ok Reg 1549, eff 10-1-16]