{"data":{"id":"us-ok/okla.-stat.-tit.-62-62-853","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 62, § 62-853","heading":"Definitions","body":"As used in Section 850 et seq. of this title:\n\n1. \"Apportionment\" means the direction by a governing body,\n\nauthorized by the Legislature pursuant to Section 6C of Article X of\n\nthe Oklahoma Constitution, to apply all or any portion of an\n\nincrement of ad valorem taxes and all or any portion of sales taxes,\n\nother local taxes or local fees, or any combination thereof, to\n\nfinancing a plan and project in accordance with this act;\n\n2. \"Apportionment area\" means the same as an increment district\n\nas defined under this act;\n\n3. \"Bonds\" means evidences of indebtedness, tax apportionment\n\nbonds or other obligations issued by a public entity pursuant to the\n\nprovisions of Section 863 of this title to finance project costs,\n\npursuant to a project plan, which are to be repaid in whole or part\n\nwith apportioned increments;\n\n4. \"District\" means either an incentive district as authorized\n\nby Section 860 of this title or an increment district as authorized\n\nby Section 861 of this title. A district may consist of all or a\n\nportion of a project area;\n\n5. \"Enterprise area\" means any area within a designated state\n\nor federal enterprise zone;\n\n6. \"Enterprise zone\" means an enterprise zone as designated by\n\nthe Department of Commerce pursuant to the provisions of Section\n\n690.3 of this title or as designated by the federal government;\n\n7. \"Governing body\" means the city council of a city, the board\n\nof trustees of a town or the board of county commissioners;\n\n8. \"Historic preservation area\" means a geographic area listed\n\nin or nominated by the State Historic Preservation Officer to the\n\nNational Register of Historic Places, an historic structure or\n\nstructures listed individually in or nominated by the State Historic\n\nPreservation Officer to the National Register of Historic Places,\n\nwith such area or structure being subject to historic preservation\n\nzoning, or for purposes of ad valorem tax exemptions provided for in\n\nsubsection D of Section 860 of this title, a structure subject to\n\nhistoric preservation zoning. Rehabilitation undertaken in an\n\nhistoric preservation area shall meet the Secretary of the\n\nInterior's Standards for Rehabilitation, latest revision, in order\n\nto be eligible for the incentives or exemptions granted pursuant to\n\nSection 860 of this title;\n\n9. \"Increment\" means that portion of ad valorem taxes in excess\n\nof the amount of that portion of the taxes which are produced by the\n\nlevy at the rate fixed each year by or for each such ad valorem\n\ntaxing entity upon the base assessed value of the district or as to\n\nan area later added to the district, the effective date of the\n\nmodification of the plan, or that portion of sales taxes, other\n\nlocal taxes or local fees collected each year reasonably determined\n\nby a formula approved by the governing body to be generated by the\n\nproject, regardless of taxable location or recipient local public\n\ntaxing entity, which may be apportioned for specific project costs\n\nor as a specific revenue source for other public entities in the\n\narea in which the project costs take place;\n\n10. \"Local taxes\" means ad valorem taxes, sales taxes and other\n\nlocal taxes which are levied by or on the behalf of a taxing entity;\n\n11. \"Planning commission\" means an organization established for\n\nlocal planning by local government or governments in accordance with\n\nthe laws of this state;\n\n12. \"Project\" means all development activities pursuant to the\n\nobjectives of the project plan;\n\n13. “Project area” means the geographic boundaries within which\n\ndevelopment activities will occur. The project area may be\n\ncoextensive or larger than the increment district;\n\n14. \"Project costs\" means the expenditures made or estimated to\n\nbe made and monetary obligations incurred or estimated to be\n\nincurred which are listed in the project plan as costs of and\n\nincidental to planning, approval and implementation of the project\nraphic boundaries within which\n\ndevelopment activities will occur. The project area may be\n\ncoextensive or larger than the increment district;\n\n14. \"Project costs\" means the expenditures made or estimated to\n\nbe made and monetary obligations incurred or estimated to be\n\nincurred which are listed in the project plan as costs of and\n\nincidental to planning, approval and implementation of the project\n\nplan. Any income, special assessments, or other revenues received,\n\nor reasonably expected to be received, by the city, town or county\n\nin connection with the implementation of the project plan may be\n\nused to pay project costs. Project costs include, but are not\n\nlimited to:\n\na. capital costs, including the actual costs of the\n\nacquisition and construction of public works, public\n\nimprovements, new public or private buildings,\n\nstructures, and fixtures; the actual costs of the\n\nacquisition, demolition, alteration, remodeling,\n\nrepair, or reconstruction of existing public or\n\nprivate buildings, structures, and fixtures; and the\n\nactual costs of the acquisition of land and equipment\n\nfor public works, public improvements and public\n\nbuildings and the actual costs of clearing and grading\n\nof such land and environmental remediation related\n\nthereto,\n\nb. financing costs, including interest paid to holders of\n\nevidences of indebtedness or other obligations issued\n\nto pay for project costs and premium paid over the\n\nprincipal amount of the obligations because of the\n\nredemption of the obligations before maturity,\n\nc. real property assembly costs, including clearance and\n\npreparation costs,\n\nd. professional service costs, including those incurred\n\nfor architectural, planning, engineering, legal and\n\nfinancial advice and services,\n\ne. direct administrative costs, including reasonable\n\ncharges for the time spent by employees of the city,\n\ntown or county in connection with the implementation\n\nof a project plan or employees of private entities\n\nunder contract with a public entity for project\n\nplanning or implementation,\n\nf. organizational costs, including the costs of\n\nconducting environmental impact studies or other\n\nimpact studies, the cost of publicizing the\n\nconsideration of the project plan, costs incidental to\n\ncreation of the district, and the cost of implementing\n\nthe project plan for the district,\n\ng. interest, before and during construction and for two\n\n(2) years after completion of construction, whether or\n\nnot capitalized,\n\nh. fees for bond guarantees, letters of credit and bond\n\ninsurance,\n\ni. the amount of any contributions offset made in\n\nconnection with the implementation of the project\n\nplan,\n\nj. the costs for determining or redetermining the base\n\nassessed value of a district,\n\nk. costs of construction of public works or improvements,\n\nincluding but not limited to highways, roads, streets,\n\nbridges, sewers, traffic control systems and devices,\n\ntelecommunications systems, parks, water distribution\n\nand supply systems, curbing, sidewalks and any similar\n\npublic improvements, common utility or service\n\nfacilities, landscaping, parking, and water\n\ndetention/retention systems,\n\nl. all or a portion of another taxing jurisdiction's\n\ncapital costs resulting from the development or\n\nredevelopment project necessarily incurred or to be\n\nincurred in furtherance of the objectives of the plan\n\nand project, to the extent the governing body by\n\nwritten agreement accepts and approves such costs,\n\nm. relocation costs to the extent that a governing body\n\ndetermines that relocation costs shall be paid or are\n\nrequired to be paid by federal or state law,\n\nn. all costs incurred in the maintenance, management,\n\nmarketing and other services provided through an\n\nactive Main Street Program recognized as such by the\n\nOklahoma Department of Commerce, and\n\no. assistance in development financing to the extent the\ns that relocation costs shall be paid or are\n\nrequired to be paid by federal or state law,\n\nn. all costs incurred in the maintenance, management,\n\nmarketing and other services provided through an\n\nactive Main Street Program recognized as such by the\n\nOklahoma Department of Commerce, and\n\no. assistance in development financing to the extent the\n\ngoverning body approves such financing;\n\n15. \"Project plan\" means the approved plans of a city, town or\n\ncounty which may include a designated district or districts under\n\nthis act in conformance with its comprehensive plan, which is\n\nintended by the payment of costs through apportionment of the\n\nincrement or by the granting of incentives or exemptions to reduce\n\nor eliminate those conditions, the existence of which qualified the\n\ndistrict, and to thereby enhance private investment of the tax bases\n\nof the taxing entities which extend into the district. Project\n\nplans may be a part of and incorporate existing neighborhood,\n\nrenewal, economic development, public school and other such plans.\n\nEach project plan shall conform to the requirements specified by\n\nthis act;\n\n16. \"Public entity\" means any city, town, county, board,\n\ncommission, authority, district, urban renewal authority or public\n\ntrust;\n\n17. \"Reinvestment area\" means any area located within the\n\nlimits of a city, town or county requiring public improvements,\n\nincluding but not limited to transportation-related projects\n\nidentified by any transportation authority pursuant to Section\n\n1370.7 of Title 68 of the Oklahoma Statutes, to reverse economic\n\nstagnation or decline, to serve as a catalyst for retaining or\n\nexpanding employment, to attract major investment in the area or to\n\npreserve or enhance the tax base or in which fifty percent (50%) or\n\nmore of the structures in the area have an age of thirty-five (35)\n\nyears or more. Such an area is detrimental to the public health,\n\nsafety, morals or welfare. Such an area may become a blighted area\n\nbecause of any one or more of the following factors: dilapidation;\n\nobsolescence; deterioration; illegal use of individual structures;\n\npresence of structures below minimum code standards; abandonment;\n\nexcessive vacancies; overcrowding of structures and community\n\nfacilities; lack of ventilation, light or sanitary facilities;\n\ninadequate utilities; excessive land coverage; deleterious land use\n\nor layout; depreciation of physical maintenance; and lack of\n\ncommunity planning. Such an area includes a blighted area as\n\ndefined in Section 38-101 of Title 11 of the Oklahoma Statutes at\n\nthe time of approval of the project plan; and\n\n18. \"Taxing entity\" or “taxing jurisdiction” means a city,\n\ntown, county, school district, political subdivision or other local\n\nentity in which local taxes or fees are levied by or on its behalf.","path":["OK Code","Title 62"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os62.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"2cc9af8cadd99a891fb43d3270cbe07647a470023f8bc01da388d7edf4a99ccd","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-62-62-852","next":"us-ok/okla.-stat.-tit.-62-62-854"},"notice":"GroundRules: Original legal text. Not legal advice."}