SECTION 355:1-1-1. Purpose

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The rules of this Chapter have been adopted for the purpose of complying with the provisions of the Oklahoma Industry Finance Authority Act (74 O.S. §§ 851, et seq.) and the Administrative Procedures Act (75 O.S. §§ 250 et seq.). The rules of this chapter provide necessary hearing procedures on loan applications. Such rules also further define certain statutory terms.

                    
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