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OK HB3100
Bill
Status
3/6/2014
Primary Sponsor
Michael Jackson
Click for details
AI Summary
ENGROSSED HOUSE BILL NO. 3100 - Summary
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Amends 62 O.S. 2011, Section 695.24 to modify the Oklahoma private activity bond state ceiling allocation percentages among various pools.
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Requires the Oklahoma Housing Finance Agency to set aside 20% of its allocated state ceiling amount to promote housing in rural areas, defined as counties with populations under 100,000 persons according to the 2012 Census update.
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Directs the Oklahoma Housing Finance Agency to adopt administrative rules establishing criteria for using the rural set aside amount to promote housing in areas with high economic growth and high housing demand.
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Takes effect January 1, 2015.
Legislative Description
Public finance; modifying provisions related to Oklahoma Housing Finance Agency; providing for set aside amount for promotion of housing in rural areas; effective date.
Cities and Towns
Last Action
coauthored by Marlatt
4/2/2014