Okla. Stat. tit. 74 § 85.47a

Current through Laws 2024, c. 453.

Section 85.47a - Definitions

1. "Administrator" means the Small Business Surety Bond Guaranty Program Administrator;

2. "Fund" means the Small Business Surety Bond Guaranty Fund;

3. "Indemnity fund" means a fund established through the Office of Management and Enterprise Services to underwrite the Small Business Surety Bond Guaranty Program;

4. "Principal" means a small business entity as defined pursuant to Section 3 of the Small Business Act, 16 U.S.C. Section 632;

5. "Program" means the Small Business Surety Bond Guaranty Program; and

6. "Surety" means a corporation granted authority by the Insurance Commissioner to write bonds or insurance in this state guaranteeing the performance of contracts.

Okla. Stat. tit. 74, § 85.47a

Laws 1990, HB 1570, c. 236, § 2, eff. 7/1/1991; Amended by Laws 2012; HB 3079, c. 304, § 768.