SECTION 330:75-3-6. Reallocation of additional Program funds

Latest version.

(a)   Annually, additional funds for Program Projects may become available as the result of:
(1)   Project cancellations;
(2)   Projects completed under original cost estimates;
(3)   Funds awarded but not utilized; or,
(4)   Other circumstances.
(b)   As set forth in the Application Packet, OHFA shall reallocate these funds based on the amount of funds available and the reallocation plan described in the Application Packet.
(c)   Any reallocation of Program Funds will follow all the provisions of the Interim Rule, these Chapter 75 Rules, and the Application Packet.

[Source: Added at 33 Ok Reg 559, eff 6-21-16 (emergency); Added at 34 Ok Reg 1397, eff 9-11-17]

                    
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