SECTION 355:1-5-1. Hearing notice

(a)   The Authority shall hold hearings on each loan application to determine whether the public purposes of the "Oklahoma Industrial Finance Authority Act" will be accomplished by the granting of the loan. Prior notice shall be given and include:

(1)   the time, place and nature of the hearing.

(2)   the legal authority and jurisdiction under which the hearing is to be held.

(b)   If the authority or other party involved is unable to initially state the subject matter of the proceeding in detail, the initial notice need only state the issues involved. A more definite and detailed statement should be provided upon application. Notice of the hearing may be given by ordinary United States mail or telephonically at the address and phone number provided to the Authority in the application. Service of notice shall be complete upon personal service, upon the receipt of the card showing receipt of certified mail by the addressee or upon the posting of notice or first publication thereof, as the case may be.