Definitions.

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  4. Definitions.

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As used in the Military Base Protection and Expansion Incentive Act:

1. “Authority” means the Oklahoma Development Finance Authority;

2. “Capital project” means the acquisition, construction, expansion, replacement, or renovation of a municipal, county or school district facility, including real property, buildings, and other fixed assets. Capital project shall not include furnishings or equipment that is not a fixed asset; and

3. “Qualified issuer” means a municipality, county, school district, or public trust of which a municipality, county or school district is the beneficiary that:

  • a.is located in or adjacent to a county that is home to a military installation receiving military or mission expansion from the 2005 Base Realignment and Closure Commission (BRAC) recommendations, and
  • b.encompasses all or part of a school district that is entitled to receive federal impact aid dollars or federal payment in lieu of tax dollars for the most recently completed school year.

Added by Laws 2007, c. 349, § 4, emerg. eff. June 4, 2007. Amended by Laws 2008, c. 217, § 8, emerg. eff. May 20, 2008.


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