{"data":{"id":"us-ok/okla.-stat.-tit.-2-2-5-88","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 2, § 2-5-88","heading":"Funding of loan - Loan rate - Certification of compliance","body":"A. 1. Upon the placement of an agricultural linked deposit\n\nwith an eligible lending institution, the institution shall fund the\n\nloan to each approved eligible agricultural business listed in the\n\nagricultural linked deposit loan package in accordance with the\n\nagricultural linked deposit agreement between the institution and\n\nthe State Treasurer.\n\n2. The loan shall be at a rate that reflects a percentage rate\n\nreduction below the present borrowing rate applicable to each\n\nbusiness that is equal to the percentage rate reduction below market\n\nrates at which the certificate of deposits that constitute the\n\nagricultural linked deposit were placed or at which the investments\n\nin bonds, notes, debentures, or other obligations or securities that\n\nconstitute the agricultural linked deposit were made.\n\n3. A certification of compliance with this section in the form\n\nand manner as prescribed by the State Treasurer shall be required of\n\nthe eligible lending institution.\n\nB. The State Treasurer shall take any and all steps necessary\n\nto implement the Oklahoma Agricultural Linked Deposit Program and\n\nmonitor compliance of eligible lending institutions and eligible\n\nagricultural businesses, including the development of guidelines as\n\nnecessary.","path":["OK Code","Title 2"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os2.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"cfb642e9879c8f1dd367d28ee5588f541fc6085b10be8a49f872502f417a9256","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-2-2-5-87","next":"us-ok/okla.-stat.-tit.-2-2-5-89"},"notice":"GroundRules: Original legal text. Not legal advice."}