The Fund will seek to assist as many Persons as practicably possible to achieve geographic diversity of commitments and the broadest distribution of benefits throughout the State of Oklahoma.
- (1) Maximum Insurance Commitment amount for Public Section Projects. The maximum amount of an Insurance Commitment for any one Project or Program participant will be $5,000,000.
- (2) Maximum Insurance Commitment amount for Private Sector Projects. The original principal amount of an Insurance Commitment shall not exceed Two Million Five Hundred Thousand dollars ($2,500,000.00).
- (3) Minimum Insurance Commitment amount. The minimum amount of an Insurance Commitment for any one Project or Program participant using Revenue Bonds will be $200,000 the actual insurance commitment may be smaller when used in guaranteeing an obligation authorized under the Small Business Credit Enhancement Program.
Amended at 10 Ok Reg 1583, eff 5-13-93
Amended at 12 Ok Reg 2177, eff 7-14-95