Okla. Admin. Code § 725:20-7-2

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

Section 725:20-7-2 - Definition of matching funds; limitations

(a) Matching funds are funds appropriated by the Legislature and administered by the Department, for the reimbursement of expenditures by qualified multicounty organizations for allowable administrative expenditures and for allowable tourism promotion expenditures conducted by the multicounty organization.

(b) Limitations to the amount of matching funds that any multicounty organization may receive are contingent upon:

(1) the total amount appropriated each year by the Legislature;

(2) the amount of allowable expenditures by a multicounty organization;

(3) the number of eligible multicounty organizations; and,

(4) an organization's compliance with rules governing the program.

Okla. Admin. Code § 725:20-7-2

Added at 10 Ok Reg 4149, eff 7-26-93; Amended at 19 Ok Reg 2810, eff 7-25-02; Amended at 23 Ok Reg 2004, eff 6-11-06

Amended by Oklahoma Register, Volume 39, Issue 24, September 1, 2022, eff. 9/11/2022