Okla. Admin. Code § 150:35-9-2

Current through Vol. 42, No. 7, December 16, 2024

Section 150:35-9-2 - Priority enterprise zone incentives

(a) An Enterprise Zone, as defined by 62 O.S. §690.2, is eligible for designation as a Priority Enterprise Zone, as defined by 62 O.S. §690.2, if it is located within a Federal Opportunity Zone.

(b) The Department shall use the following criteria for selection of Priority Enterprise Zones:

(1) The degree of need;

(2) Likelihood of success in attracting new economic growth;

(3) Evidence of local commitment; and

(4) Any other criteria the Director deems appropriate.

(c) The Priority Enterprise Zone status shall stay in effect as long as the Federal Opportunity Zone is in effect.

Okla. Admin. Code § 150:35-9-2

Adopted by Oklahoma Register, Volume 37, Issue 24, September 1, 2020, eff. 9/11/2020