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This document provides a comprehensive overview of the State of Oklahoma\'s implicit rate subsidy of health insurance OPEB liability, including the schedules of employer allocations and collective OPEB amounts as of June 30, 2024. It includes detailed financial information about participating agencies and an independent auditor\'s report on the fairness of the presented schedules.
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Implicit rate subsidy refers to financial assistance provided by a government or organization without direct cash payments, often manifested as lower interest rates or reduced fees on loans.
Entities receiving implicit rate subsidies or any organizations obligated to report such financial assistance must file the implicit rate subsidy.
To fill out the implicit rate subsidy, gather necessary financial documentation, determine the amount of subsidy received, and complete the specific form required by the oversight authority, often including details of the subsidy and its effect.
The purpose of the implicit rate subsidy is to support specific sectors or populations by making financing more affordable, thereby promoting economic growth and accessibility.
Information to be reported includes the total amount of subsidies received, the period during which they were received, the entity providing the subsidy, and any relevant terms or conditions.
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