§74-874. Loans deemed to have been made to local industrial
122 words·~1 min read·
/ok/title-74-state-government/74-874·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
development agency applying - Liberal construction.
When the financing of an industrial development project is accomplished with the participation and assistance of the Oklahoma Industrial Finance Authority in the manner set forth in Sections 872 and 873 of this title, all such loans shall be deemed and construed to have been made to the local industrial development agency applying therefor, and within the purview of the said Section 33A, Article X of the Oklahoma Constitution, and Sections 851 et seq. of Title 74 of the Oklahoma Statutes; and the provisions of this act, and of actions taken hereunder, shall be liberally construed to effect the purpose and object hereof. Amended by Laws 1988, c. 88, § 8, emerg. eff. March 30, 1988.