us-ok/stat
Okla. Stat. tit. 68, § 3647.4
Rebate payment calculation
# A.
Subject to the approval and ongoing review of the eligibility application by the Oklahoma Department of Commerce, the ROA-25 investment rebate payment authorized by this act shall be equal to one-fifteenth (1/15) of the payout value of the financial instrument purchased or acquired pursuant to Section 5 of this act;
ROA-25 investment rebate payments in the same amount shall be allowed in each of the fifteen (15) subsequent years, provided the Department has verified that the establishment remains eligible for such payment in each successive year based on the eligibility criteria of this act.
# B.
The Oklahoma Department of Commerce is authorized to conditionally pre-qualify and account for anticipated future ROA-25 investment rebate payments. The Oklahoma Department of Commerce shall not pre-qualify ROA-25 investment rebate payments, encumber funds, pre-encumber funds, or otherwise allocate resources in any way that would result in the allocation of ROA-25 investment rebate payments in excess of the anticipated accumulation of available funds in the ROA-25 Beneficiary Revolving Fund.
Amendment history
Added by Laws 2025, c. 309, § 4.
Source: view the official text
Nearby sections (25 sections)
- 3645.3 · Definitions
- 3645.4 · Investment rebate program
- 3645.5 · Payment calculation
- 3645.6 · Large-scale Economic Activity and Development Fund (LEAD Fund)
- 3646.1 · Repealed by Laws 2025, c. 315, § 1
- 3646.2 · Repealed by Laws 2025, c. 315, § 1
- 3646.3 · Repealed by Laws 2025, c. 315, § 1
- 3646.4 · Repealed by Laws 2025, c. 315, § 1
- 3646.5 · Repealed by Laws 2025, c. 315, § 1
- 3647.1 · Short title — Reindustrialize Oklahoma Act of 2025 (ROA–25 Act)
- 3647.2 · Definitions
- 3647.3 · ROA–25 investment rebate program — Eligibility — Rules
- 3647.4 · Rebate payment calculation
- 3647.5 · ROA–25 Revolving Fund — ROA–25 Beneficiary Revolving Fund
- 3651 · Short title
- 3652 · Legislative findings
- 3653 · Definitions
- 3654 · Issuance of obligations - Calculation of foregone incentives -…
- 3655 · Proposed amount of investment and expenditure - Period required…
- 3656 · Use of Credit Enhancement Reserve Fund for issuance of…
- 3657 · Quality Jobs Program Incentive Leverage Fund
- 3658 · Irrevocable election to transfer incentive payments to Fund -…
- 3659 · Remitted withholding taxes - Transfer and apportionment
- 3660 · Establishments ceasing to qualify for incentive payment -…
- 3701 · Repealed by Laws 2018, c. 156, § 2, eff. Nov. 1, 2018