Oklahoma Administrative Code › Title 150 - Oklahoma Department of Commerce › Chapter 65 - Oklahoma Quality Jobs Program › Subchapter 7 - Administration of Benefits › Section 150:65-7-1 - Applications; approval of applications

Current through Vol. 41, No. 20, July 1, 2024
(a)
				Applications submitted to the Oklahoma Department of Commerce pursuant to the
				Saving Quality Jobs Act 68 O.S. Supp. 1994, Section 3701 et seq. or the Former
				Military Development Act 68 O.S. Supp. 1994, Section 3801 et seq. must be
				submitted in writing on forms or in a form approved by the Oklahoma Department
				of Commerce and must be executed by an authorized officer or designated
				representative of the applicant, approved by the Department.
(b) Applications shall be date and time
				stamped by the Department upon receipt at its offices in Oklahoma City or Tulsa
				or by field representatives, in the order in which they are received.
				Applications received in the same delivery of mail shall be stamped in the
				order in which they are opened.
(c)
				Applications shall be considered for approval in the order in which they are
				received as indicated by their date and time stamp. Provided, if sufficient
				benefits remain available in all fiscal years included in all pending
				applications, such that no pending application need be rejected for lack of
				available benefits, then applications may be considered in any order.
(d) If approval of an application would
				result in aggregate projected benefits, pursuant to the Saving Quality Jobs
				Act, 68 O.S. Supp. 1994, Section 3601 et seq., in excess of Two Million Five
				Hundred Thousand Dollars ($2,500,000.00) in any fiscal year included in the
				application then said application shall not be considered for
				approval.
(e) If approval of an
				application would result in aggregate projected benefits, pursuant to the
				Former Military Facility Development Act, in excess of Two Million Five Hundred
				Thousand Dollars ($2,500,000.00) in any fiscal year included in the application
				then said application shall not be considered for approval.
(f) Establishments which have been approved
				for benefits pursuant to the Saving Quality Jobs Act, or the Military Facility
				Development Act may not claim benefits in any fiscal year which would exceed
				the maximum projected benefits upon which their application was considered and
				approved by the Department.
(g) If
				an application must be rejected because its approval would result in aggregate
				projected benefits in excess of the maximum set out in subsections (d) and (e)
				of this section but there is some amount of benefit left available in each of
				the fiscal years included in the application then the applicant may voluntarily
				reduce the amount of projected benefits in each fiscal year, so the maximum
				limits of subsections (d) and (e) shall not be exceeded and the application may
				then be considered.
(h) If an
				establishment shall cease to exist as an operating entity, or shall permanently
				lose its eligibility pursuant to the Saving Quality Jobs Act or the Former
				Military Facility Development Act then its projected benefits shall be
				subtracted from the aggregate amount for each affected fiscal year.
Added at 12 Ok Reg 19,
				  eff 9-29-94 (emergency); Added at 12 Ok Reg 1339, eff
				  5-25-95