The Deputy Treasurer for Debt Management may reject a student loan bond application that fails to show a reasonable expectation to use a confirmation of the state ceiling for its intended purpose. The general criteria and standards for making this determination, as set forth in this section, shall be interpreted and applied to allow sufficient flexibility in the ultimate exercise of the Deputy Treasurer for Debt Management's determination. In making this determination the Deputy Treasurer for Debt Management shall consider:

1. (1) historical student loan bond lending activity over the twenty-four (24) months preceding the date of application by the applicant and/or other student loan bond issuers in the applicant's service area;
2. (2) incremental demand caused by increased student enrollment, tuition or eligibility changes made to federally guaranteed and subsidized student loan programs; and other evidence of demand; and
3. (3) demonstration of administrative arrangements for originating loans to students.

Added at 8 Ok Reg 2517, eff 6-27-91

Amended at 10 Ok Reg 2571, eff 6-26-93

Amended at 40 Ok Reg 863, eff 9-11-23