Okla. Stat. tit. 68, § 68-3660: Establishments ceasing to qualify for incentive payment -

Liability for payment of principal, interest or other costs.

A. An establishment making the second irrevocable election

pursuant to the provisions of Section 3658 of this title and which

ceases to qualify for an incentive payment pursuant to the

provisions of the Oklahoma Quality Jobs Program Act, other than a

payment in the amount of One Dollar ($1.00) as provided in paragraph

1 of subsection D of Section 3658 of this title, and the withholding

tax collections of which are not sufficient to make required

payments of principal or interest because of a reduction in gross

payroll at a facility constructed with or equipped with personal

property acquired through the use of proceeds from the issuance of

obligations by the Oklahoma Development Finance Authority pursuant

to the provisions of this act, shall be liable to the State of

Oklahoma and the Oklahoma Development Finance Authority for the

amount of any required principal or interest payment associated with

obligations issued as a result of a second irrevocable election the

proceeds of which have been paid to the establishment or are

available for use by the establishment that remains after using the

incentive payment plus the withholding taxes of the establishment.

B. An establishment incurring an obligation for the payment of

any principal, interest or other costs pursuant to subsection A of

this section shall be liable only for amounts accrued during such

period of time. The establishment shall not have any direct

liability for subsequent periods of time during which the sum of the

incentive payment and the withholding tax collected from the

establishment is sufficient to make required payments in

satisfaction of the obligations issued pursuant to subsection A of

Section 3654 of this title.