Oklahoma § 68-3647.4 Rebate payment calculation.

Oklahoma Statutes

§ 68-3647.4 — Rebate payment calculation.

Oklahoma § 68-3647.4

Title 68Revenue And Taxation

This text of Oklahoma § 68-3647.4 (Rebate payment calculation.) is published on Counsel Stack Legal Research, covering Oklahoma primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Okla. Stat. tit. 68, § 68-3647.4 (2026).

Text

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

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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.