Okla. Admin. Code § 150:105-1-5 - Annual reporting
(a) Before February
1 st of each year, entities who have been approved for participation in the
program will certify and submit a report to the Department containing
information about each of the following:
(1)
The amount of local government investment spent in the district to
date.
(2) The amount of future
local government investment in the district with a projected timeline of the
future investment.
(3) The
estimated amount of private company investment in the district .
(4) The anticipated amount of future private
company investment in the district with a projected timeline of the future
investment.
(5) For ad valorem TIF
projects:
(A) The aggregate assessed value of
properties in the district for the base year;
(B) The aggregate assessed value of
properties in the district for each year subsequent to the base year;
(C) The aggregate assessed value of
properties in the project area for the base year;
(D) The aggregate assessed value of
properties in the project area for each year subsequent to the base
year.
(6) For sales tax
TIF projects:
(A) The base level of aggregate
sales tax attributable to businesses in the district ; and
(B) The base level of aggregate sales tax
attributable to businesses in the project area .
(b) Attached to the certified report, the
entity will include all of the following supporting documentation:
(1) A map with a defined boundary of the
district ;
(2) A map of the project
area ; and
(3) A list of properties
and operating companies in the district with the FEI /EIN of the operating
companies.
(c) The
entity will continue submitting these annual reports to the Department until
they have submitted a final report after the project has been
completed.
Notes
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