Okla. Stat. tit. 2, § 2-5-88: Funding of loan - Loan rate - Certification of compliance

A. 1. Upon the placement of an agricultural linked deposit

with an eligible lending institution, the institution shall fund the

loan to each approved eligible agricultural business listed in the

agricultural linked deposit loan package in accordance with the

agricultural linked deposit agreement between the institution and

the State Treasurer.

2. The loan shall be at a rate that reflects a percentage rate

reduction below the present borrowing rate applicable to each

business that is equal to the percentage rate reduction below market

rates at which the certificate of deposits that constitute the

agricultural linked deposit were placed or at which the investments

in bonds, notes, debentures, or other obligations or securities that

constitute the agricultural linked deposit were made.

3. A certification of compliance with this section in the form

and manner as prescribed by the State Treasurer shall be required of

the eligible lending institution.

B. The State Treasurer shall take any and all steps necessary

to implement the Oklahoma Agricultural Linked Deposit Program and

monitor compliance of eligible lending institutions and eligible

agricultural businesses, including the development of guidelines as

necessary.