General Obligation Limited Tax Bonds (GOLTBs) (Oklahoma)

From Open Energy Information


Last modified on February 12, 2015.

EZFeed Policy

Place Oklahoma


Applies to States or Provinces Oklahoma
Name General Obligation Limited Tax Bonds (GOLTBs) (Oklahoma)
Policy Category Financial Incentive
Policy Type Bond 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 No
Implementing Sector State/Province














Program Administrator Oklahoma Department of Commerce
Primary Website http://www.okcommerce.gov/Libraries/Documents/Oklahoma-Department-Of-Commerc_2754.pdf


Last Review 2014-09-15


Information Source http://www.okcommerce.gov/Libraries/Documents/Oklahoma-Department-Of-Commerc_2754.pdf


Summary

General Obligation Limited Tax Bonds (GOLTBs) are issued by counties and cities to provide financing for industrial projects. Revenue generated by the project in the form of income is used to retire the bonds. If revenue generated by the project is inadequate to retire the bonds then a levy will be placed on the property taxes of the jurisdiction in order to retire the bonds. Only the acquisition, construction or expansion of real property is eligible for GOLTBs.




















References