{"data":{"id":"us-ok/okla.-stat.-tit.-82-82-1085.62","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 82, § 82-1085.62","heading":"Establishment of criteria for determination of","body":"interest rates on loans - Annual report.\n\nIn order to comply with the requirements of federal and state\n\nlaws, the Board shall complete the following:\n\n1. Establish criteria for determining the interest rates on\n\nloans to be made from the Clean Water State Revolving Fund Loan\n\nAccount. Such criteria may incorporate applicable United States\n\nEnvironmental Protection Agency and Rural Development Administration\n\nguidelines for financial assistance.\n\na. In determining interest rates on loans made from the\n\nfund, in addition to other information, due\n\nconsideration shall be given to:\n\n(1) providing for the maintenance of the account in\n\nperpetuity,\n\n(2) statewide needs for the assistance available\n\npursuant to the provisions of this act,\n\n(3) five-year demand projections of the Board for\n\nassistance available pursuant to the provisions\n\nof this act,\n\n(4) prevailing market interest rates, and\n\n(5) debt service requirements of investment\n\ncertificates issued by the Board to provide funds\n\nfor the Clean Water State Revolving Fund Loan\n\nAccount.\n\nb. In developing criteria for the determination of\n\ninterest rates available to individual entities, in\n\naddition to other information, due consideration shall\n\nbe given to:\n\n(1) financial resources of the entity,\n\n(2) the ability of the entity to repay the loan,\n\n(3) those entities that discharge into those streams\n\nand rivers designated as scenic river areas\n\npursuant to the provisions of Section 1452 of\n\nthis title or outstanding resource waters under\n\nOklahoma's Water Quality Standards, and\n\n(4) prevailing market interest rates; and\n\n2. Submission of an annual report by the Board to the Governor\n\nand to the Speaker of the House of Representatives and the President\n\nPro Tempore of the Senate within one hundred twenty (120) days of\n\nthe end of each fiscal year concerning the Clean Water State\n\nRevolving Fund Loan Account and implementation of the provisions of\n\nSections 1085.51 through 1085.65 of this title. The report shall\n\ncontain information to show the actual use and the recipients of\n\nloans made from the Clean Water State Revolving Fund Loan Account.\n\nIn addition, the report shall contain five-year demand projections\n\non anticipated loan funds required and ten-year and twenty-year\n\nprojections as to possible funding needs for water quality projects\n\nwhich may be eligible for financial assistance under Sections\n\n1085.51 through 1085.65 of this title.","path":["OK Code","Title 82"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os82.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"d45115ab83dc9e449b6e0d4cef0194af6b29ef0cb985c3675ea462839c429215","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-82-82-1085.61","next":"us-ok/okla.-stat.-tit.-82-82-1085.63"},"notice":"GroundRules: Original legal text. Not legal advice."}