EDF participation is ordinarily structured as subordinated debt or equity. School Land Commission Certain Oklahoma school trust lands are available for commercial and industrial development. Tracts are available in both urban and rural areas. Developers may apply to the Commission for long term ground leases, for terms of up to 52 years. There can be numerous advantages of this type of program, including reasonable rental rates, lowered Ad Valorem taxes, and the deductibility of lease payments.
Subordinated leases are available on a limited basis.
Many Oklahoma counties and several cities have utilized general obligation tax support bonds for industrial development. These bonds are limited to a special tax levy of not more than 5 mills on the dollar evaluation of all taxable real and personal property. Property acquired by the government bonds is generally leased or sold to a public trust authority which in turn leases the property to industrial concerns for a sufficient rental to amortize the bonds. A tax levy is imposed only in case of default by the company leasing the facilities.