Credit Enhancement Program (Oklahoma)

From Open Energy Information


Last modified on February 12, 2015.

EZFeed Policy

Place Oklahoma


Applies to States or Provinces Oklahoma
Name Credit Enhancement Program (Oklahoma)
Policy Category Financial Incentive
Policy Type Loan Program
Affected Technologies Biomass/Biogas, Coal with CCS, Concentrating Solar Power, Energy Storage, Fuel Cells, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Natural Gas, Nuclear, Solar Photovoltaics, Wind energy
Active Policy Yes
Implementing Sector State/Province















Primary Website http://www.state.ok.us/osfdocs/budget/bb96-ofa.html


Last Review 2014-09-15



Summary

The Credit Enhancement Program is a means by which the Oklahoma Finance Authority provides guarantees for small companies, manufacturing facilities and communities in need of funds for expansion projects and infrastructure loans. "Credit Enhanced" financing carry a financial guarantee of the Credit Enhancement Reserve Fund (CERF). The fund assumes part or all of the risk of repayment of the credit enhanced notes or bonds. The two basic forms of lending utilized by ODFA are conduit and credit-enhancement financing. The Authority utilizes conduit financing to provide borrowers with lower cost financing, due to the Authority's standing as a public trust, without creating risk for ODFA itself.


<metadesc> Credit Enhancement Program (Oklahoma): energy incentive program. </metadesc>

Policy Contact

Contact Name John Harris
Department Development Finance Auhtority
Address 5900 N Classen Court, Oklahoma City, OK 73118


Phone 405-848-9761
Fax 405-848-3314
Email jharris@okfinance.com
Website http://www.ok.gov/agency.php?agency_id=200


Authorities (Please contact the if there are any file problems.)

Authority 1: Credit Enhancement Program
Date Effective 1992

















References