The Oklahoma C-PACE Program
The Oklahoma C-PACE Program is an economic development tool that is being offered by INCOG at no cost to Oklahoma’s counties. The Oklahoma C-PACE Program includes the full suite of documents necessary to establish a C-PACE program: an authorizing resolution, contractual agreements between the county and program administrator, contractual agreements between the county and C-PACE capital provider, and an assessment contract to levy the C-PACE assessment on a benefitting property.
Opting into the Oklahoma C-PACE Program provides access to these documents and full administrative services offered by INCOG.
Partnering with Tulsa County, Oklahoma Department of Commerce, and Oklahoma Office of the Secretary of Energy & Environment, INCOG has stepped forward to administer the Oklahoma C-PACE Program, available at no cost to any county in Oklahoma.
INCOG invested significant time and resources into developing the Oklahoma C-PACE Program, inclusive of amending the state’s C-PACE law, developing a suite of program contracts and template forms, and developing a Guidance Manual of program guidelines that was informed by stakeholder input from across the state. INCOG is more familiar with C-PACE administration than any other entity in the state and intimately familiar with Oklahoma’s C-PACE law. INCOG developed to Oklahoma C-PACE Program and its supporting documents in coordination with organizations including the Oklahoma Bankers’ Association, the Oklahoma Treasurers’ Association, local counsel, PACE Financial Servicing (a C-PACE program design consultant), and the C-PACE Alliance (a group of national C-PACE capital providers).