Okla. Admin. Code § 150:105-1-4 - Threshold and selection criteria
Complete threshold requirements and selection criteria will be set forth in the application guide. The minimum threshold criteria are as follows:
(1) Project must be located
entirely within an enterprise zone or in support of a major tourism destination
which the local governmental entity determines is likely to significantly
benefit contiguous or nearby enterprise zone census tracts;
(2) No more than fifty percent (50%) of the
net leasable space of such development may be used for retail purposes except
as otherwise provided within the statute and no state local government matching
payment shall be made for project costs in support of any gambling
establishment;
(3) State local
government matching payments cannot be used to supplant local revenue currently
being expended within the increment district boundaries;
(4) Certification that all projects described
within the related project plan will generate, in the aggregate, a minimum of
either One Million Dollars ($1,000,000.00) in payroll, exclusive of payroll for
construction, or Five Million Dollars ($5,000,000.00) in investment;
(5) The application must include an estimate
of incremental revenues new to the state likely to be derived from the
project;
(6) The project must
include the commitment of local governmental entity; and
(7) The project meets the time deadlines set
forth in 62 O.S. § 842(I).
(8)
If the project is in support of a major tourism destination, the application
must meet the requirements set forth at 62 O.S. § 842 (B)(3) and
(B)(4).
(9) If the project is a
Military growth impact project, the application must meet the requirements set
forth at 62 O.S. §§ 841(13), (14), and (15).
(10) The project is required to be fiscally
neutral to the State.
Notes
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