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Oklahoma Administrative Code (Last Updated: March 11, 2021) |
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TITLE 90. Council of Bond Oversight |
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Chapter 15. Administration of the Oklahoma Private Activity Bond Allocation Act |
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Subchapter 9. Application and Logging Procedures |
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Part 1. APPLICATION |
SECTION 90:15-9-3. Review of student loan bond applications
Latest version.
- The State Bond Advisor may reject a student loan bond application that fails to show a reasonable expectation to use a confirmation of the state ceiling for its intended purpose. The general criteria and standards for making this determination, as set forth in this section, shall be interpreted and applied to allow sufficient flexibility in the ultimate exercise of the State Bond Advisor's determination. In making this determination the State Bond Advisor shall consider:(1) historical student loan bond lending activity over the 24 months preceding the date of application by the applicant and/or other student loan bond issuers in the applicant's service area;(2) incremental demand caused by increased student enrollment, tuition or eligibility changes made to federally guaranteed and subsidized student loan programs; and other evidence of demand; and(3) demonstration of administrative arrangements for originating loans to students.