Okla. Stat. tit. 68, § 68-3503: Definitions

As used in this act:

1. "Qualified federal facility" means a facility developed

after March 1, 1993, by or at the expense of a political subdivision

of this state and leased or conveyed to the government of the United

States which primarily houses federal employees; provided, the

annual gross payroll for new direct jobs of a qualified federal

facility must be projected by the Department of Commerce as having

the potential to equal or exceed Fifty Million Dollars

($50,000,000.00) when the facility is fully operational;

2. "New direct job" means full-time-equivalent employment in a

qualified federal facility which did not exist in this state prior

to the date of approval by the Department of Commerce of the

application of the political subdivision for the qualified federal

facility pursuant to the provisions of Section 4 of this act;

3. "Estimated direct state benefits" means the tax revenues

projected by the Department of Commerce to accrue to the state as a

result of new direct jobs;

4. "Estimated direct state costs" means the costs projected by

the Department of Commerce to accrue to the state as a result of new

direct jobs. Such costs shall include but not be limited to:

a. the costs of education of new state resident children,

b. the costs of public health, public safety and

transportation services to be provided to new state

residents,

c. the costs of other state services to be provided to

new state residents,

d. the costs of employee training and other state

services, and

e. the costs of physical infrastructure needed to support

the facility;

5. "Estimated net direct state benefits" means the estimated

direct state benefits less the estimated direct state costs;

6. "Net benefit rate" means the estimated net direct state

benefits computed as a percentage of gross payroll; provided, the

net benefit rate shall not exceed the lesser of five and one-fourth

percent (5.25%) or the minimum rate deemed by the Department of

Commerce to be necessary to result in an incentive payment at a

level which will enable the political subdivision to attract the

qualified federal facility;

7. "Political subdivision" means a municipality, a county or a

public trust, the beneficiary or beneficiaries of which are a

municipality, a county or the State of Oklahoma or a combination

thereof;

8. "Gross payroll" means wages for new direct jobs as defined

in paragraph (e) of Section 2385.1 of Title 68 of the Oklahoma

Statutes;

9. "Project term" means the length of time a political

subdivision may receive incentive payments pursuant to the

provisions of this act; provided, the project term shall not exceed

twenty (20) years from the date of the first incentive payment;

10. "Total net benefit" means the net benefit rate multiplied

by the gross payroll over the project term as estimated by the

Department of Commerce pursuant to the provisions of subsection C of

Section 4 of this act; and

11. "Develop" means acquire, maintain, construct, improve,

enlarge, renew, renovate, replace, lease, equip, furnish or operate.