{"data":{"id":"us-ok/okla.-stat.-tit.-62-62-91.8","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 62, § 62-91.8","heading":"Funding of loans – Reduced interest rate","body":"A. Upon the placement of a rural housing linked deposit with an\n\neligible lending institution, the institution shall fund the loan to\n\neach approved eligible rural housing developer listed in the rural\n\nhousing linked deposit loan package in accordance with the rural\n\nhousing linked deposit agreement between the institution and the\n\nState Treasurer. The loan shall be at a rate that reflects a\n\npercentage-rate reduction below the present borrowing rate\n\napplicable to each developer that is equal to the percentage-rate\n\nreduction below market rates at which the certificate of deposits\n\nthat constitute the rural housing linked deposit were placed or at\n\nwhich the investments in bonds, notes, debentures, or other\n\nobligations or securities that constitute the rural housing linked\n\ndeposit were made. A certification of compliance with this section\n\nin the form and manner as prescribed by the State Treasurer shall be\n\nrequired of the eligible lending institution.\n\nB. The State Treasurer shall take any and all steps necessary\n\nto implement the Oklahoma Rural and Affordable Housing Linked\n\nDeposit Program and monitor compliance of eligible lending\n\ninstitutions and eligible rural housing developers, including the\n\ndevelopment of guidelines as necessary.","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":"a0f12f344b2355bc7df7357ac5fc17600c747ffc5b0ed60dfdf268e6c2ebd593","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-62-62-91.7","next":"us-ok/okla.-stat.-tit.-62-62-91.9"},"notice":"GroundRules: Original legal text. Not legal advice."}