SECTION 330:30-8-1. Inducement Application stage

(a)   When notified by OHFA the Applicant shall remit to OHFA a nonrefundable inducement Application fee in an amount equal to the greater of:

(1)   Ten basis points (.10%) of the dollar amount of OHFA MF Bonds requested; or

(2)   Five Thousand Dollars ($5,000).

(b)   If an Inducement Resolution is sought before an Application is submitted to OHFA, then One Thousand Dollars ($1,000) is due before the Trustees consider the Inducement Resolution. The remaining balance of the fee would be due two weeks after the Trustees consideration.

(c)   OHFA may require an Applicant to make payments to third parties who provide services relating to OHFA's review and evaluation of the Application.

[Source: Added at 10 Ok Reg 739, eff 1-4-93 (emergency); Added at 10 Ok Reg 2009, eff 5-27-93; Amended 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]