{"data":{"id":"us-ok/okla.-stat.-tit.-62-62-88.2","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 62, § 62-88.2","heading":"Definitions","body":"As used in the Oklahoma Small Business Linked Deposit Act:\n\n1. \"Eligible participant\" means:\n\na. any small business organized for profit, including any\n\nbusiness related to tourism, doing business in and\n\nfrom the State of Oklahoma, which employs not more\n\nthan two hundred (200) employees or has gross annual\n\nreceipts of not more than Four Million Dollars\n\n($4,000,000.00),\n\nb. any industrial park that has been certified by the\n\nOklahoma Department of Commerce as meeting minimum\n\nguidelines necessary for an industrial park, and\n\nc. any public trust authorized in accordance with Section\n\n176 of Title 60 of the Oklahoma Statutes engaged in\n\nindustrial development as determined by the Department\n\nof Commerce. Such public trusts are limited to\n\nfifteen percent (15%) of the total available funds and\n\na nonrenewable term not to exceed six (6) months\n\nunless their purpose is to make package passthrough\n\nloans to other private nontrust recipients for\n\nindustrial development purposes in which case the\n\nother conditions contained in this act shall apply.\n\nSubsequent loans made by an eligible trust cannot\n\nexceed the interest rate established by this act.\n\n2. \"Eligible lending institution\" means a financial institution\n\nthat:\n\na. is eligible to make commercial loans,\n\nb. is a public depository of state funds, and\n\nc. agrees to participate in the linked deposit program,\n\nor\n\nd. is an institution of the farm credit system organized\n\nunder the federal \"Farm Credit Act of 1971\", 12 U.S.C.\n\n2001, as amended.\n\n3. \"Enterprise zone\" means those areas designated as enterprise\n\nzones or districts in accordance with the Oklahoma Enterprise Zone\n\nAct, Sections 690.1 through 690.19 of this title.\n\n4. \"Priority Enterprise Zones\" means an enterprise zone\n\nselected by the Department of Commerce which has demonstrated\n\nunusual commitment as provided by this act.\n\n5. \"Small business linked deposit\" means a certificate of\n\ndeposit placed by the State Treasurer with an eligible lending\n\ninstitution.\n\n6. \"Board\" means the Oklahoma Linked Deposit Review Board.","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":"05a366f76c8314581c7b753090daec8040ab719351b3f0bcba15fe12a095f911","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-62-62-88.1b","next":"us-ok/okla.-stat.-tit.-62-62-88.4"},"notice":"GroundRules: Original legal text. Not legal advice."}