Public finance; enacting the Education Infrastructure Linked Deposit Program Act; administration of program; guidelines; loans; State Treasurer; effective date.

This bill creates the "Oklahoma Education Infrastructure Linked Deposit Program" to help fund infrastructure projects for eligible education service entities, such as charter schools and nonprofit organizations. The program allows the State Treasurer to deposit state funds into lending institutions at below-market rates, in exchange for those institutions offering reduced-rate loans to education service entities for construction, expansion, or rehabilitation of buildings and related equipment. The maximum loan amount is $1,000,000 with a maximum term of 10 years, and the State of Oklahoma is not liable for loan defaults.

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