Okla. Admin. Code § 150:55-3-1

Current through Vol. 42, No. 7, December 16, 2024

Section 150:55-3-1 - Eligibility

In order to meet the minimum qualifications for participation as a Main Street Small Town, a municipality must have:

(1) A population of less than five thousand (5,000) persons according to the latest federal decennial census;

(2) Two (2) representatives attend the annual application workshop conducted by the Oklahoma Department of Commerce;

(3) Have filed a non-binding letter of intent to apply;

(4) Submitted a properly completed application;

(5) An existing downtown organization or commit to establish such an organization which will be responsible for the Main Street Small Town Project;

(6) Verification of first-year funding with evidence of a three-year funding commitment. Documentation verifying first- year funding shall be in the following forms:

(A) for public sector funding, a copy of the city or county resolution authorizing Main Street funding,

(B) for private sector funding, a notarized certification from the authorized representatives of the Main Street managing organization indicating the amount of funding in-kind and allocated exclusively to the program and the full amount of funding needed. Each pledge must be documented by a letter stating the amount of the pledge and signed by the pledger.

(C) for donated or pledged in-kind contributions, a letter from the individual or duly authorized representative of the organization donating the contribution. The letter must state what is being donated, how long the donation will continue and the current fair market value of the donation.

(7) Committed to hire one (1) person who would be required to work twenty (20) hours per week to direct the project.

Okla. Admin. Code § 150:55-3-1

Added at 9 Ok Reg 2713, eff 7-15-92; Amended at 10 Ok Reg 4051, eff 7-26-93