(a) Before February 1st of each year, entities who have been approved for participation in the program will certify and submit a report to the Department containing information about each of the following:
- (1) The amount of local government investment spent in the district to date.
- (2) The amount of future local government investment in the district with a projected timeline of the future investment.
- (3) The estimated amount of private company investment in the district.
- (4) The anticipated amount of future private company investment in the district with a projected timeline of the future investment.
(5) For ad valorem TIF projects:
- (A) The aggregate assessed value of properties in the district for the base year;
- (B) The aggregate assessed value of properties in the district for each year subsequent to the base year;
- (C) The aggregate assessed value of properties in the project area for the base year;
- (D) The aggregate assessed value of properties in the project area for each year subsequent to the base year.
(6) For sales tax TIF projects:
- (A) The base level of aggregate sales tax attributable to businesses in the district; and
- (B) The base level of aggregate sales tax attributable to businesses in the project area.
(b) Attached to the certified report, the entity will include all of the following supporting documentation:
- (1) A map with a defined boundary of the district;
- (2) A map of the project area; and
- (3) A list of properties and operating companies in the district with the FEI/EIN of the operating companies.
- (c) The entity will continue submitting these annual reports to the Department until they have submitted a final report after the project has been completed.
Added at 39 Ok Reg 866, eff 9-11-22