Definitions

As used in the Oklahoma Private Activity Bond Allocation Act:

1. "Application for state ceiling allocation" means the

application form provided by the Deputy Treasurer for Debt

Management which shall be filed by or on behalf of the issuer in

compliance with the requirements of this act;

2. "Carryforward" shall have the same meaning as in Section

146(f) of the Internal Revenue Code;

3. "Confirmation" means a written confirmation of allocation

issued by the Deputy Treasurer for Debt Management;

4. "Consolidated Pool" means an aggregation of unallocated sums

of the state ceiling derived from pools as set forth in subsection M

of Section 695.24 of this title;

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5. "Economic Development Pool" means that portion of the state

ceiling reserved for projects specifically authorized by the Council

of Bond Oversight, as provided for in subsection B of Section 695.24

of this title;

6. "Final certification" or "final certificate" means a

certification or certificate filed with the Deputy Treasurer for

Debt Management by or on behalf of the issuer specifying the exact

amount of indebtedness issued by an issuer, or, in the case of

mortgage credit certificates, a copy of the document or election

filed with the Internal Revenue Service exchanging bond issuance

authority for mortgage credit certificate issuance authority;

7. "Housing Pool" means that portion of the state ceiling

reserved for single-family mortgage revenue bonds, multifamily

revenue bonds, and mortgage credit certificates;

8. "Internal Revenue Code" means the Internal Revenue Code of

1986 (26 U.S.C., Section 1 et seq.), as amended;

9. "Issued" means any issue of bonds which have been delivered

and the purchase price therefor remitted to or for the account of

the issuer, or a copy of the document or election filed with the

Internal Revenue Service exchanging bond issuance authority for

mortgage credit certificate issuance authority;

10. "Issuer" or "issuing authority" means any public trust or

other entity which is authorized to issue tax-exempt bonds, notes

and other like obligations, or has the authority to exchange single-

family mortgage bond authority for mortgage credit certificate

authority, under the Constitution or laws of the state;

11. "Local issuer" means any municipality, county or public

trust having counties or municipalities or combinations thereof as

beneficiary, or a public trust having the state as beneficiary with

jurisdiction limited to one county of the state;

12. "Manufacturing jobs" means jobs created by manufacturing

facilities as that term is defined in subparagraphs a, b, and c of

paragraph 1 of subsection B of Section 2902 of Title 68 of the

Oklahoma Statutes.

13. "Mortgage credit certificate election" means a document or

election filed by an issuer with the Internal Revenue Service

exchanging single-family mortgage bond issuance authority for

mortgage credit certificate issuance authority;

14. "Mortgage credit certificates" shall have the same meaning

as in Section 25(c) of the Internal Revenue Code;

15. "Private activity bonds" or "bonds" means any bonds or

notes or other evidence of indebtedness, the interest on which is

exempt from tax pursuant to the Internal Revenue Code, and mortgage

credit certificates, except those bonds or certificates specifically

excluded from the state ceiling under the terms of federal

legislation;

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16. "Qualified student loan bonds" shall have the same meaning

as in Section 144(b) of the Internal Revenue Code;

17. "State" means the State of Oklahoma;

18. "State ceiling" means the limit which is prescribed by the

Internal Revenue Code in Section 146 and in such other applicable

sections of the Internal Revenue Code on the amount of private

activity bonds which may be issued collectively by all of the

issuers of the state during a calendar year;

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as in Section 144(b) of the Internal Revenue Code;

17. "State" means the State of Oklahoma;

18. "State ceiling" means the limit which is prescribed by the

Internal Revenue Code in Section 146 and in such other applicable

sections of the Internal Revenue Code on the amount of private

activity bonds which may be issued collectively by all of the

issuers of the state during a calendar year;

19. "State issuer" means any public trust having the state as

beneficiary or any state agency or other entity with powers to issue

private activity bonds, provided that the term shall not include a

public trust or any local issuer with the state as beneficiary whose

jurisdiction is limited to one county; and

20. "Student Loan Pool" means the portion of the state ceiling

reserved for qualified student loan bonds.