New & Existing Business

• A $100 million infrastructure Pool is created for bonding local governments for:
  • County/municipal roads & bridges
  • Water treatment facilities
  • Solid waste management facilities
  • Railway and utility systems
  • Other infrastructure assets owned by local government
• Bonds issued by the infrastructure pool are financed or repaid from sales taxes voted by local community.
• A $100 million Economic Development Pool is created for financing to local governments in conjunction with a for-profit entity economic development projects in the state.
• Debt issued through the Economic Development Pool may use withholding taxes generated by the for-profit entity to repay the debt.
• Requires a letter of determination from the Oklahoma Department of Commerce that the project is net benefit positive for the state.
• 65% of the net proceeds from both the Infrastructure Pool and the Economic Development Pool must be used by municipalities that do not exceed 300,000 people.
• The remaining 35% may be used for any eligible local government, including Tulsa and Oklahoma City.
• Effective July 1, 2009
• Issuing capacity by Oklahoma Development Finance Authority (ODFA) is renewable.

Economic Development Pooled Financing – Bond Financing
Economic Development Pooled Finance Application – Self Financing
Pooled Finance Infrastructure Application

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