- (a) Eligible projects: Projects are economic development infrastructure design, development, and construction that supports sites or surrounding communities in the creation of nationally marketable industrial sites. The PREP applicant must:
- (1) Be located in Oklahoma;
- (2) Agreeing to enter into a written agreement with the Department;
- (3) Be in compliance with applicable Oklahoma and federal tax laws; and
- (4) If applicant is awarded PREP funds, register as a state supplier via the Oklahoma Management and Enterprise Services (OMES). This step is not required until the applicant has been given a tentative award notification from the Department.
- (b) Ineligible projects: A project as defined in these rules and the following requirements must be met or the projects are ineligible for PREP:
- (1) The Department shall distribute such funds evenly amongst the congressional districts of the state so as to provide statewide economic impact;
- (2) Applicants or Projects that do not meet the definition of "eligible project"; and
- (3) Applicants or Projects the Department deems as not creating a feasibly marketable site in compliance with the intent of the legislative funding.
Added at 41 Ok Reg, Number 22, effective 8-12-24