Okla. Admin. Code § 145:10-11-4

Current through Vol. 42, No. 8, January 2, 2025

Section 145:10-11-4 - [Effective until 9/14/2025] Applications for advanced financial liquidity

(a) All eligible applicants must submit the pertinent application, created and made available by OEM, to be considered for advanced financial liquidity.

(1) A complete application for advanced financial liquidity will demonstrate a basis for financial need, a proposed eligible use of the advance funding, copies the pertinent requests made for federal funding through FEMA's Public Assistance Program or FEMA's Hazard Mitigation Assistance Program, and any other information requested by OEM.

(2) OEM maintains the discretion to deny any application for advanced financial liquidity which is deemed incomplete.

(b) Funding requests per eligible applicant must not surpass 75 percent of the federal cost share estimated for the eligible Public Assistance project or Hazard Mitigation Assistance grant which the applicant applied for.

(c) Funding requests per eligible applicant cannot surpass $5 million per qualifying event without further justification.

(d) Approval of any application shall remain dependent on the availability of sufficient funds in the State Assistance Dedicated for Disaster-impacted Local Economies Revolving Fund at the time an application is received.

Okla. Admin. Code § 145:10-11-4

Adopted by Oklahoma Register, Volume 42, Issue 1, September 16, 2024, eff. 8/16/2024, exp. 9/14/2025 (Emergency)