Okla. Stat. tit. 62, § 62-193 — OK Code / Title 62 / Section 62-193
Ad Valorem Reimbursement Fund - Claims - Distribution of
Status: in_force

funds.

Oklahoma Statutes - Title 62. Public Finance Page 346

A. There is hereby created in the State Treasury a revolving

fund for the Oklahoma Tax Commission to be designated the "Ad

Valorem Reimbursement Fund". The fund shall be a continuing fund,

not subject to fiscal year limitations. Monies apportioned to this

fund shall be expended:

1. To reimburse counties of this state for loss of revenue due

to exemptions of ad valorem taxes for new or expanded manufacturing

or research and development facilities;

2. Beginning calendar year 2022 and all subsequent years, to

reimburse qualified counties of this state for loss of revenue due

to exemptions granted to veterans and their surviving spouses

pursuant to the provisions of Sections 8D, 8E and 8F of Article X of

the Oklahoma Constitution. A county is qualified for reimbursement

if the number of exemptions granted to veterans and surviving

spouses for the most recently concluded calendar year exceeds eight-

tenths of one percent (0.8%) of the total county population

according to the latest Federal Decennial Census or most recent

annual population estimate, whichever is most recent. The

reimbursement provided in this paragraph shall amount to twenty-five

percent (25%) of the loss of revenue claimed by the qualified

county;

3. To reimburse counties of this state for loss of revenue for

school district and county purposes due to exemptions granted

pursuant to the provisions of Section 2890 of Title 68 of the

Oklahoma Statutes; and

4. To reimburse counties of this state for loss of revenue due

to decreased valuation and assessment for buffer strips pursuant to

Section 2817.2 of Title 68 of the Oklahoma Statutes.

Provided that it shall be the duty of the Tax Commission to

assess the valuation of all property for new or expanded

manufacturing or research and development facilities which are

exempt from ad valorem taxes.

Monies apportioned to this fund also may be transferred to other

state funds or otherwise expended as directed by the Legislature by

law.

B. The county commissioners of each county seeking

reimbursement for lost revenue from the Ad Valorem Reimbursement

Fund shall make claims for reimbursement on forms prescribed by the

Tax Commission prior to April 30 of each year. Claims for

reimbursement for loss of revenue based upon the type of exemptions

authorized pursuant to subsection A of this section. Provided, the

assessed valuation of a school district as stated in the claim for

reimbursement shall be the same as reported to the State Department

of Education on the Estimate of Need and shall include the total

valuation of property exempt from taxation pursuant to Section 2902

of Title 68 of the Oklahoma Statutes. The claims shall be either

approved or disapproved in whole or in part by the Tax Commission by

Oklahoma Statutes - Title 62. Public Finance Page 347

June 15 of each year. A claim for reimbursement for loss of revenue

due to an exemption of ad valorem taxes for a new or expanded

manufacturing or research and development facility shall be

disapproved if a county or school district has received any payment

in lieu of ad valorem taxes from such facility, to the extent of the

amount of such reimbursement. If the Tax Commission determines that

an exemption has been erroneously or unlawfully granted, it shall

notify the appropriate county assessor who shall immediately value

and assess the property and place it on the rolls for ad valorem

taxation. Disbursements from the fund shall be made on warrants

issued by the State Treasurer against claims filed by the Tax

Commission with the Office of Management and Enterprise Services for

payment. Such disbursements shall be exempt from all agency

expenditure ceilings. The county treasurer shall apportion or

disburse such funds for expenditures in the same manner as other ad

valorem tax collections.

C. In the event monies apportioned to the Ad Valorem

Reimbursement Fund are insufficient to pay all claims for

reimbursement made pursuant to subsection B of this section, claims

for reimbursement for loss of revenue due to exemptions of ad

valorem taxes for new or expanded manufacturing or research and

development facilities shall be paid first, and any remaining funds

shall be distributed proportionally among the counties making claims

for reimbursement for loss of revenue for school district and county

purposes due to exemptions granted pursuant to the provisions of

Sections 8D, 8E and 8F of Article X of the Oklahoma Constitution, if

applicable, according to the amount of the claim made by each

county. If any funds remain after paying all claims for

reimbursement for loss of revenue due to exemptions of ad valorem

taxation for new or expanded manufacturing or research and

development facilities and for reimbursement for loss of revenue for

school district and county purposes due to exemptions granted

pursuant to the provisions of Sections 8D, 8E and 8F of Article X of

the Oklahoma Constitution, the remaining funds shall be distributed

proportionally among the counties making claims for reimbursement

for the exemptions granted pursuant to the provisions of Section

2890 of Title 68 of the Oklahoma Statutes and for the loss of

revenue for decreased valuation and assessment for buffer strips

pursuant to Section 2817.2 of Title 68 of the Oklahoma Statutes.
Okla. Stat. tit. 62, § 62-34.78 — OK Code / Title 62 / Section 62-34.78
Higher educational institution claim settlement systems
Status: in_force

A. The Oklahoma State Regents for Higher Education and the

Director of the Office of Management and Enterprise Services shall

jointly establish a system for the settlement of claims, except for

payroll, by institutions of The Oklahoma State System of Higher

Education. The settlement system shall include policy, procedures,

and performance criteria for participation. The State Regents may

approve or disapprove the participation of any institution or other

entity of the State System in the claims settlement system.

B. The Department of Education and the Oklahoma Department of

Career and Technology Education may establish a preaudit and

settlement system for claims and/or payments of state-funded

assistance to school districts and institutions within The Oklahoma

State System of Higher Education. The payment system shall be

neutral as to interest income to the state and the school districts.
Okla. Stat. tit. 62, § 62-2101 — OK Code / Title 62 / Section 62-2101
Short title
Status: in_force

This act shall be known and may be cited as the "Industrial

Facilities Development Act".
Okla. Stat. tit. 62, § 62-34.202 — OK Code / Title 62 / Section 62-34.202
Policy changes – Thirty days written notice – Final
Status: in_force

notice.

Oklahoma Statutes - Title 62. Public Finance Page 139

A. In all instances in which the Office of Management and

Enterprise Services changes a policy affecting a state agency, the

Office of Management and Enterprise Services shall provide the

affected agency with written notice no fewer than thirty (30) days

in advance of the policy's implementation.

B. During the period after an affected agency has been

notified, and prior to the implementation of the policy, the

affected agency shall be permitted to respond to the Office of

Management and Enterprise Services and request to be exempted from

the policy change, or request modifications to the policy. The

affected agency shall be given a final notice in written format

explaining any changes to a policy prior to its implementation.

C. The provisions of this act shall not apply to any policy

changes made necessary by federal law or policy, or any other policy

changes deemed an emergency by the Office of Management and

Enterprise Services.
Okla. Stat. tit. 62, § 62-463 — OK Code / Title 62 / Section 62-463
Supplemental and additional appropriations - Law not
Status: in_force

affected.

It is hereby declared to be the intent of the Legislature that

this act shall not in any manner repeal or abate any of the

provisions or requirements of Title 68, Section 292, O.S. 1951, but

shall be cumulative thereto.
Okla. Stat. tit. 62, § 62-34.83 — OK Code / Title 62 / Section 62-34.83
Nonpayable warrants – Notice – Claim custody and
Status: in_force

records.

A. If nonpayable warrants are issued pursuant to the provisions

of Section 23 of Article X of the Oklahoma Constitution, the

Director of the Office of Management and Enterprise Services shall

issue and publish the official call for payment for any warrants

that may be outstanding and registered as "nonpayable".

B. Notice of such call shall be published in some newspaper of

general circulation, published at the seat of government, and

interest on all warrants so called for payment shall cease on or

after ten (10) days from the date of the first publication of such

notice.

C. The Director of the Office of Management and Enterprise

Services shall be responsible for the custody of claims certified

for payment which call for the disbursement of money from the

Treasury.

D. Such claims shall be maintained in files accessible to the

Division of Central Accounting and Reporting and the employees of

the Division of Central Accounting and Reporting shall have

authority to inspect such claims for the purpose of making

Oklahoma Statutes - Title 62. Public Finance Page 121

accounting adjustments in the records maintained by the Office of

Management and Enterprise Services.
Okla. Stat. tit. 62, § 62-275.9 — OK Code / Title 62 / Section 62-275.9
Claims or payrolls filed with Director of Office of
Status: in_force

Management and Enterprise Services.

Claims and/or payrolls filed with the Director of the Office of

Management and Enterprise Services shall be maintained by said

officer in accordance with the provisions of Sections 305 through

317 of Title 67 of the Oklahoma Statutes.
Okla. Stat. tit. 62, § 62-187 — OK Code / Title 62 / Section 62-187
Composition of fund
Status: in_force

The said revolving fund shall consist of all appropriations

made for such purpose, and shall include all proceeds from the sale

of livestock and all products produced therefrom, the proceeds from

the sale of all farm and institutional commodities, and proceeds

from the sale of articles and products made by the girls and boys of

said institution.
Okla. Stat. tit. 62, § 62-41.16a — OK Code / Title 62 / Section 62-41.16a
Renumbered as § 34.76 of this title by Laws 2009, c
Status: in_force

441, § 64, eff. July 1, 2009.
Okla. Stat. tit. 62, § 62-34.43 — OK Code / Title 62 / Section 62-34.43
Itemization of data processing expenses - Budgeting and
Status: in_force

disbursement.

A. All agencies of the state shall submit to the Director of

the Office of Management and Enterprise Services in all agency

budgets, in addition to other required information, whether such

reports relate to past, present or future expenditures, an

itemization of the amount attributable to each of the following

expenses:

1. The number of persons, total amount of all salaries, the

total amount of travel and subsistence expense and the total amount

of personnel expense for:

a. data processing directors,

b. systems analysts,

c. programmers,

d. electronic data processing operators,

e. punch card machine operators,

f. data processing control personnel,

g. data processing clerical personnel, and

h. other data processing personnel;

2. Rental of data processing equipment;

3. Purchase of data processing equipment;

4. Maintenance of data processing equipment, if not included in

rental expense;

5. Data processing supplies;

6. Data processing planning;

7. Data processing conversion from one system to another;

8. Rental and purchase of non-data processing equipment and

supplies utilized in a data processing operation;

9. Shipment of data processing equipment;

10. Rental of communication lines for transmission of data

processing information;

11. Data processing education;

12. Rental of software packages;

13. Contracting for development of systems; and

14. Other data processing expense.

B. All disbursements made from treasury funds by any state

agency for the above-named expenses shall be budgeted to and

disbursed from a special allotment account to be created by the

Director of the Office of Management and Enterprise Services.

Oklahoma Statutes - Title 62. Public Finance Page 83

C. This section shall not preclude agencies from programming

and expending intra-agency data processing costs for cost allocation

purposes.
Okla. Stat. tit. 62, § 62-156 — OK Code / Title 62 / Section 62-156
Education Television Authority Revolving Fund
Status: in_force

There is hereby created in the State Treasury a revolving fund

for the Oklahoma Educational Television Authority to be designated

"The Educational Television Authority Revolving Fund". The fund

shall consist of monies received by the Oklahoma Educational

Television Authority pursuant to statutory provisions, but not

including appropriated funds. The revolving fund shall be a

continuing fund not subject to fiscal year limitations and shall be

under the administrative direction of the Oklahoma Educational

Television Authority. Expenditures from said fund shall be made

pursuant to the laws of this state and the statutes relating to the

said Authority, and without legislative appropriation. Warrants for

expenditures from said fund shall be drawn by the State Treasurer,

based on claims signed by an authorized employee or employees of the

said Authority and approved for payment by the Director of the

Office of Management and Enterprise Services.

Oklahoma Statutes - Title 62. Public Finance Page 338
Okla. Stat. tit. 62, § 62-365.1 — OK Code / Title 62 / Section 62-365.1
Jurisdiction of actions
Status: in_force

It is hereby provided that courts of record shall have exclusive

jurisdiction in all actions for money judgment or for establishing

any indebtedness against any county which, in counties with a

population in excess of six hundred thousand (600,000) persons,

hereby includes a jail trust created in Title 60 of the Oklahoma

Statutes whose sole beneficiary is the county, if approved by the

board of county commissioners, city, town, board of education,

school district or other municipal subdivisions of the State of

Oklahoma. The administrative law judges and the administrative

agency designated by the State Legislature to administer workers'

compensation laws of this state shall have exclusive jurisdiction,

absent an appeal, in all workers' compensation actions against any

county, city, town, board of education, school district or other

municipal subdivisions of this state.
Okla. Stat. tit. 62, § 62-91.9 — OK Code / Title 62 / Section 62-91.9
Liability of state and certifying agency for loan
Status: in_force

payments.

The state, the State Treasurer, and the certifying agency shall

not be liable to any eligible lending institution in any manner for

payment of the principal or interest on the loan to an eligible

rural housing developer. Any delay in payments or default on the

part of an eligible rural housing developer does not in any manner

affect the rural housing linked deposit agreement between the

eligible lending institution and the State Treasurer.
Okla. Stat. tit. 62, § 62-695.19 — OK Code / Title 62 / Section 62-695.19
Refunding bonds – Review and approval of Deputy
Status: in_force

Treasurer for Debt Management.

Notwithstanding any other provision of law, a State Governmental

Entity, as such term is defined in Section 695.3 of this title, is

authorized to issue refunding bonds for the purpose of refinancing

existing bonds or obligations without further authorization from the

Legislature provided the issuance of the refunding bonds and any

services, fees and expenses related thereto are reviewed and

approved by the Deputy Treasurer for Debt Management and the Council

of Bond Oversight pursuant to the provisions of the Oklahoma Bond

Oversight and Reform Act.
Okla. Stat. tit. 62, § 62-41.2 — OK Code / Title 62 / Section 62-41.2
Renumbered as § 34.5 of this title by Laws 2009, c. 441,
Status: in_force

§ 64, eff. July 1, 2009.
Okla. Stat. tit. 62, § 62-832 — OK Code / Title 62 / Section 62-832
Powers supplemental
Status: in_force

Oklahoma Statutes - Title 62. Public Finance Page 529

The powers conferred by this act shall be in addition and

supplemental to the powers conferred by any other law.
Okla. Stat. tit. 62, § 62-856 — OK Code / Title 62 / Section 62-856
Proposed boundaries of district or project - Designation
Status: repealed

and adoption - Content of ordinance or resolution - Legislative

intent.

A. The governing body shall designate and adopt the proposed

boundaries of any district and the proposed boundaries of any

project area. Except as otherwise provided in this subsection, any

districts created by a city or town shall be confined to that

territory within the corporate limits of such city or town and any

districts created by a county shall be confined to that territory

Oklahoma Statutes - Title 62. Public Finance Page 548

within the unincorporated areas of the county. Any city, town or

county may by agreement jointly create a district with another

entity.

B. Upon the adoption and approval of the project plan, the

governing body shall adopt an ordinance or resolution, whichever is

applicable, which:

1. Describes the boundaries of districts and project areas

sufficiently definite to identify with ordinary and reasonable

certainty the territory included in them;

2. Creates the district as of a date provided in it or defers

determination of such date, provided such date must be no more than

ten (10) years after the date of approval of the project plan;

3. Assigns a name to the district for identification purposes.

The first district created shall be known as either an Incentive

District or Increment District Number One, City, Town or County of

__________, whichever is applicable. Each subsequently created

district shall be appropriately named and shall be assigned the next

consecutive number; and

4. Contains findings that:

a. the project area or district meets at least one of the

following criteria:

(1) is a reinvestment area,

(2) is a historic preservation area,

(3) is an enterprise area, or

(4) is a combination of the areas specified in

divisions (1), (2) and (3) of this subparagraph,

b. the improvement of the area is likely to enhance the

value of other real property in the area and to

promote the general public interest. It shall not be

necessary to identify the specific parcels meeting the

criteria,

c. the guidelines specified in paragraphs 1 and 2 of

Section 852 of this title shall be followed,

d. the aggregate net assessed value of the taxable

property in all districts as determined pursuant to

Section 862 of this title within the city or town

shall not exceed twenty-five percent (25%) of the

total net assessed value of taxable property within

the city or town for cities or towns having a

population of fifty thousand (50,000) or more or shall

not exceed thirty-five percent (35%) of the total net

assessed value of taxable property within the city or

town for cities or towns having a population of less

than fifty thousand (50,000),

e. for projects approved by a county, the aggregate net

assessed value of the taxable property in all

districts as determined pursuant to Section 862 of

Oklahoma Statutes - Title 62. Public Finance Page 549

this title within the county shall not exceed fifteen

percent (15%) of the total net assessed value of the

taxable property within the county,

f. the aggregate net assessed value of the taxable

property in all districts as determined pursuant to

Section 862 of this title within the city, the town or

the county shall not exceed twenty-five percent (25%)

of the total net assessed value of any affected school

district located within the city, town or county, and

g. the land area of this district and all other districts

within the city, the town or the county shall not

exceed twenty-five percent (25%) of the total land

area of the city, the town or the county.

For districts that are wholly or partially comprised or become

comprised of industries operating under NAICS code 518210, the

provisions of subparagraphs d through g of this paragraph shall not

apply.

C. It is the intention of the Legislature in adopting the Local

Development Act that no long-term contractual obligation be createdA. Before the adoption of a project plan or subsequent amendments thereto, the governing body

must hold two public hearings. The primary purpose of the first hearing will be to provide

information and to answer questions; provided, such information shall include, but not be limited

to, an analysis of potential positive or negative impacts which may result from the adoption of a

project plan. A representative of the city, town or county shall present the city, town or county's

proposed plan or amendment thereto. The date of the second public hearing shall be announced

in the presence of the persons in attendance at the hearing, but such date shall be more than

seven (7) days after the date of the first public hearing. The purpose of the second public hearing

shall be to give any interested persons the opportunity to express their views on the proposed planof the total land

area of the city, the town or the county.

For districts that are wholly or partially comprised or become

comprised of industries operating under NAICS code 518210, the

provisions of subparagraphs d through g of this paragraph shall not

apply.

C. It is the intention of the Legislature in adopting the Local

Development Act that no long-term contractual obligation be created

by the mere adoption of an ordinance or resolution establishing an

increment district. Notwithstanding any provision contained in an

ordinance, resolution or project plan, an ordinance or resolution

establishing an increment district shall constitute a legislative

act and may be repealed, modified or amended at any time during the

term of the increment district, by subsequent action of the

governing body except as otherwise authorized pursuant to Sections

854 and 863 of this title; provided, however, that no such ordinance

shall be repealed, modified or amended during the time that any

bonds payable from incremental revenues are outstanding without the

consent of the bondholders, if such bonds are issued pursuant to the

provisions of Article X, Section 35 of the Oklahoma Constitution

following its amendment by State Question No. 693.

D. However, nothing in the Local Development Act shall restrict

the ability of:

1. Any city, town or county to:

a. issue debt in accordance with the applicable

provisions of Article X of the Oklahoma Constitution,

and any statutes enacted in connection therewith, and

b. use incremental revenues derived from an increment

district to pay principal, interest or premium

associated with such indebtedness; or

2. Any public entity, other than a city, town or county, to:

a. issue tax apportionment bonds or notes in accordance

with Section 863 of this title or to issue other types

of revenue bonds or notes in accordance with other

applicable provisions of Oklahoma law, and

Oklahoma Statutes - Title 62. Public Finance Page 550

b. use incremental revenues derived from an increment

district to pay principal, interest or premium

associated with such indebtedness.
Okla. Stat. tit. 62, § 62-304.1 — OK Code / Title 62 / Section 62-304.1
Payroll purchase order - Payroll statement -
Status: in_force

Verification by affidavit - Payments.

A. The regular personnel of any agency of any county, city,

town, school district or board of education may be certified to the

governing board thereof for payment by a payroll purchase order in

the manner herein provided. For the purpose of this section,

regular personnel is hereby defined as those persons whose

appointment or employment or election, whether on full or part-time

basis, together with the rate of pay unless the same be fixed by

law, has been confirmed or otherwise fixed by the governing board,

in each instance, and entered in its journal of proceedings or by

separate contract of employment properly authenticated and filed of

record; provided, for school districts only, regular personnel may

be defined as including persons who are employed on a temporary or

occasional basis.

B. For each pay period, the duly elected or appointed head of

any department, office, suboffice, district, station or school may

execute, on behalf of himself and his subordinates, a payroll

statement, itemizing in detail the names of such persons, nature of

employment or service, rate of pay each, hours worked, and dates of

service within the payroll period if less than a full payroll

period. This statement shall be verified by affidavit as to:

1. Subordinate relationship of all persons named, other than

himself, to the affiant;

2. Record of employment or contract relationship of all persons

named; and

3. Services performed under direct supervision.

The form of affidavit shall be prepared by the State Auditor and

Inspector, and shall provide for entry therein by words, and

figures, as to the number of persons certified to in such payroll

statement and affidavit.

The statement and affidavit shall be deemed to include the

approval of departmental head and receipt acknowledging services of

subordinate, where such is required by law; and no further

statements for that purpose shall be required. The subordinate

employees named therein shall not be required to sign the payroll

statement and affidavit unless the governing board, by official

Oklahoma Statutes - Title 62. Public Finance Page 371

order, so requires, in which event, each may sign opposite his own

name. Affidavit to any payroll statement may be verified by any

officer authorized to take acknowledgments, or by the clerk of the

county, city, town, school district or board of education, as the

case may be.

C. The payroll statement and affidavit shall be forwarded to

the clerk of the county, city, town, school district or board of

education, and shall become a permanent part of the financial

records of the agency. The total payroll amounts from the payroll

statement and affidavit, and the amounts charged to each

appropriation and fund of the agency, shall be listed or estimated

on the payroll purchase order for consideration and payment by the

governing board. The amount to be paid pursuant to a payroll

purchase order may be encumbered as of the date the purchase order

is considered by the governing board for payment or as of the date

payroll payments are made.

D. The encumbering officer or clerk of a municipality, county

or school may authorize payment of the following taxes and invoices

as they become due without a purchase order or further approval of

the governing board:

1. Taxes, including, but not limited to, withholding, social

security or unemployment compensation taxes;

2. Retirement or pension fund payments or contributions which

are payable pursuant to a resolution, ordinance, contract or other

appropriate agreement which has been approved by the governing

board; and

3. Payments for insurance or related coverages, including, but

not limited to, accident, health or life, workers' compensation, or

any other property, vehicle, marine, surety, liability or casualty

coverages, which are payable under a valid contract, policy or other

appropriate agreement which has been approved by the governing

board.
Okla. Stat. tit. 62, § 62-34.54 — OK Code / Title 62 / Section 62-34.54
General Revenue Cash-flow Reserve Fund - Transfer of
Status: in_force

funds.

There is hereby created in the State Treasury a division of the

State General Revenue Fund which shall be designated the "General

Revenue Cash-flow Reserve Fund". The purpose of the General Revenue

Cash-flow Reserve Fund is to make cash available for the July cash

allocation and so that, insofar as possible, each monthly cash

allocation thereafter can equal one-twelfth (1/12) of the annual

appropriation from the General Revenue Fund.

1. Each year the Director of the Office of Management and

Enterprise Services may transfer monies from the then current fiscal

year General Revenue Fund to the General Revenue Cash-flow Reserve

Fund for the succeeding fiscal year when the apportionment to the

General Revenue Fund is in excess of amounts required for the

allocations necessary to fund appropriations made by the Legislature

for the then current fiscal year. The amount to be transferred

shall not exceed ten percent (10%) of the amount certified by the

State Board of Equalization as available for appropriation from the

General Revenue Fund for the next succeeding fiscal year.

2. Any monies transferred to the General Revenue Cash-flow

Reserve Fund pursuant to paragraph 1 of this section, shall be

transferred by the Director of the Office of Management and

Enterprise Services as nonrevenue receipts to the State General

Revenue Fund in the amounts necessary to make cash available for the

July cash allocation and so that, insofar as possible, each monthly

cash allocation thereafter can equal one-twelfth (1/12) of the

annual appropriation.

3. By the first Monday of each December, the Office of

Management and Enterprise Services shall analyze and submit to the

State Board of Equalization the amount of monies remaining in the

General Revenue Cash-flow Reserve Fund which are not necessary for

current year cash-flow needs and are available for legislative

appropriation.

4. On the second Monday of June of each year, the Director of

the Office of Management and Enterprise Services shall close the

preceding fiscal year General Revenue Cash-flow Reserve Fund by

transfer to the then current fiscal year General Revenue Fund.

5. Any monies in the prior year General Revenue Cash-flow

Reserve Fund which are not necessary for the current year cash-flow

needs shall be subject to legislative appropriation.
Okla. Stat. tit. 62, § 62-659 — OK Code / Title 62 / Section 62-659
Defaults - Appointment and powers of receiver
Status: in_force

In the event of a default in the payment of the principal of or

interest on any revenue bonds issued under this act, any court

having jurisdiction may appoint a receiver to take charge of the

lands, buildings, and/or facilities acquired, constructed,

reconstructed, extended, equipped, or improved, in whole or in part,

with the proceeds of revenue bonds issued under this act, upon which

lands, buildings, and/or facilities, or any part thereof, there is a

mortgage lien securing the said revenue bonds with reference to

which there is such a default in the payment of principal and/or

interest. The receiver shall have the power to operate and maintain

the said lands, buildings, and/or facilities and to charge and

collect rates and/or rents sufficient to provide for the payment of

the principal of and interest on said bonds, after providing for the

payment of any cost of receivership and operating expenses of said

lands, buildings, and/or facilities, and to apply the income and

revenues derived from said lands, buildings, and/or facilities in

conformity with this act and the resolution or indenture authorizing

and/or securing the said bonds. When the default has been cured,

the receivership shall be ended and the properties returned to the

trustees. The relief afforded by this section shall be construed to

be in addition and supplemental to the remedies that may be afforded

the trustee for the bondholders and the bondholders in the

resolution or indenture authorizing and/or securing the bonds, and

Oklahoma Statutes - Title 62. Public Finance Page 471

shall be so granted and administered as to accord full recognition

to priority rights of bondholders as to the pledge of revenues from,

and the mortgage lien on, said lands, buildings, and/or facilities

as specified in and fixed by the resolutions or indentures

authorizing and/or securing successive bonds issues.
Okla. Stat. tit. 62, § 62-57.18 — OK Code / Title 62 / Section 62-57.18
Form and terms - Call and redemption - Negotiability -
Status: in_force

Tax exempt.

Bonds issued under this act shall be serial coupon bonds and shall

be issued to mature One Million Five Hundred Thousand Dollars

Oklahoma Statutes - Title 62. Public Finance Page 205

($1,500,000.00) in each of the calendar years 1973 through 1982,

both inclusive, or if issued in series in proportionate amount

thereof. Said bonds and the interest thereon shall be payable at the

office of the State Treasurer of the State of Oklahoma, and, if the

bonds shall be sold to private purchasers, at a fiscal agency in

Oklahoma and/or New York City to be designated by the State of

Oklahoma Building Bonds Commission. Said bonds may be executed in

such manner, may be issued in one or more series, may bear such date

or dates, may be in such denomination or denominations, may provide

for a reserve to assure prompt payment of the principal and interest

of the bonds, may be in such form either coupon or registered, may

be payable in such medium of payment at such times, as may be

provided by resolution or resolutions to be adopted by the State of

Oklahoma Building Bonds Commission. Provided, that all such bonds

maturing after ten (10) years from their dates may be subject to

call and redemption, in inverse order of bond numbers, at par and

accrued interest, with the detailed provisions for such calling and

redemption thereof to be fixed by the Commission in the resolution

or resolutions for the issuance of such bonds. Until such time as

the State of Oklahoma Building Bonds of 1955 Sinking Fund shall be

sufficient to retire all outstanding bonds and interest coupons,

there shall be paid into said sinking fund during each fiscal year,

from the sources hereinabove pledged such amounts as may be

necessary to pay the interest and principal payable during the next

succeeding fiscal year, and an amount sufficient to satisfy the

reserve requirements as fixed and provided by the State of Oklahoma

Building Bonds Commission in its resolution authorizing the issuance

of said bonds. In the event the bonds herein authorized to be

issued and sold are sold to the State Treasurer or to the

Commissioners of the Land Office of the State of Oklahoma, then, and

in that event, all money in the State of Oklahoma Building Bonds of

1955 Sinking Fund at the close of any fiscal year, in excess of a

sum equal to all principal and interest coming due on said bonds in

the next succeeding fiscal year, shall be transferred by the State

Treasurer to the General Revenue Fund of the state to be used as

other monies accruing to said fund. All bonds issued pursuant to

this act shall have all the qualities and incidents of negotiable

paper, and neither said bonds nor the interest earned thereon shall

be subject to taxation by the State of Oklahoma or any county,

municipality or political subdivision thereof.
Okla. Stat. tit. 62, § 62-57.301 — OK Code / Title 62 / Section 62-57.301
Intent and purpose
Status: in_force

It is the intent and purpose of this act to vitalize the

constitutional amendment identified as House Joint Resolution No.

1076 of the 2nd Session of the 43rd Oklahoma Legislature, if, as and

when the same shall be approved by the people of the State of

Oklahoma.

Oklahoma Statutes - Title 62. Public Finance Page 278
Okla. Stat. tit. 62, § 62-34.55 — OK Code / Title 62 / Section 62-34.55
Transfer of treasury funds to General Revenue Cash-flow
Status: in_force

Reserve Fund.

A. The Director of the Office of Management and Enterprise

Services may transfer monies from any treasury fund to the General

Revenue Cash-flow Reserve Fund as required to satisfy monthly

allocations scheduled from the General Revenue Fund for the then

current fiscal year. Funds from which any monies are so transferred

shall be repaid before any transfers are made from the General

Revenue Fund to the General Revenue Cash-flow Reserve Fund for the

subsequent fiscal year.

B. The Director of the Office of Management and Enterprise

Services may transfer monies to any treasury fund from the General

Revenue Cash-flow Reserve Fund as required to satisfy cash-flow

requirements of the federal Cash Management Improvement Act. Funds

to which any monies are so transferred shall be repaid within the

same month. If insufficient funds exist in the General Revenue

Cash-flow Reserve Fund for this purpose, the General Revenue Fund

for the then current fiscal year may be used with the same repayment

stipulations.
Okla. Stat. tit. 62, § 62-35.7 — OK Code / Title 62 / Section 62-35.7
Exemptions and extensions
Status: in_force

A. A state agency may apply to the Chief Information Officer

for an exemption from any provisions of the Information Technology

Consolidation and Coordination Act or for an extension of any

deadline specified in the Act, if it determines that compliance with

the provisions of the Act would:

1. Cause it to be in violation of federal law or regulations or

in violation of any provision of the Oklahoma Constitution or

statutes;

2. Result in a loss of federal funds to the state; or

3. Create an impediment to the performance of a unique agency

function that is not duplicated by another state agency and is

required by the Oklahoma Statutes or Constitution or by federal law.

B. Any state agency applying for an exemption or extension

pursuant to this section shall provide written documentation of the

circumstances to the Chief Information Officer. After reviewing the

documentation, the Chief Information Officer shall grant or deny the

application. If the state agency disputes the decision of the Chief

Information Officer, the Director of the Office of Management and

Enterprise Services shall make the final determination as to whether

the exemption or extension will be granted.
Okla. Stat. tit. 62, § 62-34.11.3 — OK Code / Title 62 / Section 62-34.11.3
Oklahoma State Government Open Documents Initiative
Status: in_force

A. There is hereby established the “Oklahoma State Government

Open Documents Initiative”.

B. The Chief Information Officer shall develop and maintain an

online web presence at the web address “documents.ok.gov”. The site

shall allow public access to electronic documents described in this

section. The site shall include functionality allowing site

visitors to search the documents by term.

C. The Chief Information Officer shall promulgate procedures by

which each state agency, board, commission, and public trust having

the State of Oklahoma as a beneficiary shall submit a searchable

electronic version of each publication to the “documents.ok.gov”

website. The procedures shall require submission to the site of all

publications otherwise required by law to be submitted to either the

Publications Clearinghouse of the Department of Libraries, the

Governor, the Speaker of the House of Representatives or the

President Pro Tempore of the Senate. The procedures shall require

the electronic documents to be provided in an indexed format which

enables the document to be searched by specific term.

D. State agencies, boards, commissions, and public trusts

having the State of Oklahoma as a beneficiary shall comply with

procedures promulgated pursuant to the terms of this section.
Okla. Stat. tit. 62, § 62-41.5x — OK Code / Title 62 / Section 62-41.5x
Renumbered as § 34.33 of this title by Laws 2009, c
Status: in_force

441, § 64, eff. July 1, 2009.
Okla. Stat. tit. 62, § 62-57.71 — OK Code / Title 62 / Section 62-57.71
Refunding bonds
Status: in_force

The Commission may issue bonds hereunder for the purpose of

refunding any obligations issued under the provisions of this act.

Such bonds may either be sold or delivered in exchange for

outstanding obligations. If sold, the proceeds may be either

applied to the payment of the obligations refunded or deposited in

escrow for the retirement thereof. Nothing herein shall be

Oklahoma Statutes - Title 62. Public Finance Page 234

construed to authorize the refunding of any outstanding obligations

which are not either maturing, or callable for redemption under

their terms, or voluntarily surrendered by their holders for

cancellation, unless the Commission covenants that sufficient funds

to pay all remaining interest and principal payments of outstanding

obligations when due will be placed in escrow for such purpose in

the State Treasury at the time of delivery of and payment for the

new bonds issued hereunder. All bonds issued under this section

shall in all respects be authorized, issued and secured in the

manner provided for other bonds issued under this Act, and shall

have all the attributes of such bonds. The Commission may provide

that any such refunding bonds shall have the same priority of

payment and be paid from the same revenues in the manner enjoyed by

the obligations refunded thereby.
Okla. Stat. tit. 62, § 62-491 — OK Code / Title 62 / Section 62-491
Allocation of funds
Status: in_force

All funds received by a county under the provisions of Section

33, Title III, of the Act of Congress known as The Bankhead-Jones

Farm Tenant Act, approved July 22, 1937 (7 U.S.C.A. Section 1012),

as revenue from the use of submarginal lands and certain other

lands, shall be apportioned as follows: One-third (1/3rd) thereof

shall be deposited in the County Highway Fund and the remaining two-

thirds (2/3rds) thereof shall be apportioned to the affected school

districts of the county in direct ratio of the number of acres of

said lands within each school district to the total number of acres

of such lands which were purchased by the federal government under

the provisions of the Bankhead-Jones Farm Tenant Act.
Okla. Stat. tit. 62, § 62-90.5 — OK Code / Title 62 / Section 62-90.5
Conditions for making loans - Review of applications -
Status: in_force

Certification of good standing.

A. A participating financial institution that desires to make a

rural economic development loan shall accept and review applications

for loans in connection with qualified economic development

projects. A package of more than one rural economic development

loan may be developed by a development company certified by the U.S.

Small Business Administration or a political subdivision of this

state or an agency thereof, and such entity may submit an

application for one or more loans. The financial institution shall

apply all usual lending standards and shall exercise due diligence

to determine the creditworthiness of each applicant and to determine

if the loan should be granted. Loans made under the Rural Economic

Development Loan Act shall conform to the following conditions:

1. The maximum amount of loans under the Rural Economic

Development Loan Act in connection with a particular qualified

economic development project shall be determined by need in the

rural area in which the project is located and the number of jobs

created. The Oklahoma Department of Agriculture, Food, and Forestry

shall have final decision-making authority as to the maximum amount

of each loan;

2. The applicant shall certify on the loan application that the

loan will be used exclusively in connection with the qualified

economic development project in accordance with the purpose of the

Rural Economic Development Loan Act;

3. No loan shall be approved for any otherwise eligible

recipient when fifty percent (50%) or more of the interest in or

control of such otherwise eligible recipient is owned directly or

indirectly by a person who owns directly or indirectly fifty percent

(50%) or more of or controls another participating recipient;

4. No loan shall be made to any officer or director of the

financial institution making the loan or to any entity in which any

such officer or director maintains a controlling interest;

5. No loan shall be made to any employee of the Oklahoma

Department of Agriculture, Food, and Forestry or to any entity in

which any employee maintains a controlling interest;

6. Whoever knowingly makes a false statement concerning a rural

economic development loan application shall be prohibited from

participating in the Rural Economic Development Loan Program; and

7. Rural economic development loans may be renewed if the

amount of principal has been reduced by a minimum of five percent

(5%) per year and all interest has been paid from the time of the

original loan.

B. The participating financial institution shall forward to the

State Treasurer a rural economic development loan application in the

form and manner prescribed and approved by the Department. The

application shall include information regarding the amount of the

Oklahoma Statutes - Title 62. Public Finance Page 321

loan requested by each applicant, the number of jobs to be created,

and such other information the Department requires.

C. Upon receipt of a completed rural economic development loan

application, the Department shall forward the loan application to

the Oklahoma Tax Commission and the Oklahoma Employment Security

Commission. The Department shall review the loan package to

determine if the loan requested meets the requirements set forth

under the Rural Economic Development Loan Act. Within ten (10) days

of receipt of the loan package, the Tax Commission and the Oklahoma

Employment Security Commission shall determine and certify whether

or not the applicant is in good standing. The Department shall make

a recommendation concerning the application to the State Board of

Agriculture, after receipt of the responses from the Tax Commission

and the Oklahoma Employment Security Commission. No applicant shall

be approved without certification of good standing with the Tax

Commission and Oklahoma Employment Security Commission. Rejected

applications may be resubmitted after reasons for rejection have

been addressed.
Okla. Stat. tit. 62, § 62-157 — OK Code / Title 62 / Section 62-157
Will Rogers Memorial Revolving Fund
Status: in_force

There is hereby created in the State Treasury a revolving fund

for the Oklahoma Historical Society, on behalf of the Will Rogers

Memorial, to be designated "The Will Rogers Memorial Revolving

Fund". The fund shall consist of monies received by the Oklahoma

Historical Society pursuant to statutory provisions, but not

including appropriated funds. The revolving fund shall be a

continuing fund not subject to fiscal year limitations and shall be

under the administrative direction of the Oklahoma Historical

Society, on behalf of the Will Rogers Memorial. Expenditures from

the fund shall be made pursuant to the laws of this state and the

statutes relating to the Memorial, and without legislative

appropriation. Warrants for expenditures shall be drawn by the

State Treasurer, based on claims signed by an authorized employee or

employees of the Oklahoma Historical Society and approved for

payment by the Director of the Office of Management and Enterprise

Services.
Okla. Stat. tit. 62, § 62-194 — OK Code / Title 62 / Section 62-194
State Land Reimbursement Fund - Payment - Apportionment by
Status: in_force

county treasurer.

A. There is hereby created in the State Treasury a revolving

fund for the Office of the State Treasurer to be designated the

"State Land Reimbursement Fund". The fund shall be a continuing

fund, not subject to fiscal year limitations. Monies apportioned to

the fund shall be expended as payments to any county of this state

which has state-owned land within the county, that if the land were

in private ownership would be classified as agricultural land and on

which no state agency is making an in lieu of ad valorem payment.

Provided, no land shall be eligible for reimbursement under the

provisions of this section which receives reimbursement for in lieu

of tax payments under the provisions of Section 4-132 of Title 29 of

the Oklahoma Statutes.

B. Each county shall receive a portion of the fund equal to the

percentage of the eligible state-owned land in each county as

determined from reports compiled by the county assessor of each

county listing the location and number of acres of such property in

each county. The reports shall be filed with the Office of the

State Treasurer on or before December 31 of each year. Payments

from the fund shall be made by the State Treasurer to the county

treasurers not later than February 1 of each year. The county

treasurer shall apportion the monies in the manner ad valorem taxes

are apportioned in the county.
Okla. Stat. tit. 62, § 62-891.3 — OK Code / Title 62 / Section 62-891.3
Definitions
Status: in_force

1. "Authority" means the Oklahoma Development Finance

Authority;

2. "Bonds" means any form of obligation issued by the Oklahoma

Development Finance Authority pursuant to the Oklahoma Community

Economic Development Pooled Finance Act;

Oklahoma Statutes - Title 62. Public Finance Page 583

3. "Business entity" means a corporation, limited liability

company, general partnership, limited partnership or such other

entity conducting a lawful activity which is organized pursuant to

the laws of the state or which is authorized to do business in the

state if organized under the law of another jurisdiction;

4. "Community Economic Development Pooled Finance Revolving

Fund" means the fund created pursuant to Section 891.15 of this

title;

5. "Conduit issuer" means the Oklahoma Development Finance

Authority acting for the benefit of either a combination of local

government entities or a local government entity or entities in

conjunction with a for-profit business entity pursuant to the

provisions of the Oklahoma Community Economic Development Pooled

Finance Act;

6. "Credit Enhancement Reserve Fund" means that fund created

pursuant to Section 5063.3 of Title 74 of the Oklahoma Statutes;

7. "Debt" means bonds, notes or other evidence of indebtedness

issued by the Oklahoma Development Finance Authority;

8. "Department" means the Oklahoma Department of Commerce;

9. "Economic Development Pool" means proceeds of obligations

sold by the Authority to provide resources for eligible local

government entities or a local government entity in conjunction with

a for-profit business entity to finance an eligible economic

development project or other purposes authorized by the Oklahoma

Community Economic Development Pooled Finance Act;

10. "Eligible local government entity" means:

a. a city,

b. a town,

c. a county,

d. any combination of cities, towns or counties,

e. a public trust with a beneficiary or beneficiary which

is a city, town, county or some combination of such

entities as authorized by Section 176 of Title 60 of

the Oklahoma Statutes, or

f. an entity subject to the jurisdiction of the State

Board of Career and Technology Education or the

Oklahoma State Regents for Higher Education;

11. "Federal government defense entities" means U.S. Department

of Defense installations in the State of Oklahoma including Fort

Sill, Tinker Air Force Base, Altus Air Force Base, Vance Air Force

Base and McAlester Army Ammunition Plant;

12. "For-profit business" means any lawful activity conducted

by a business entity with the goal or expectation of selling goods,

services or other property at a price greater than the actual costs

incurred by the business;

13. "Infrastructure" means:

a. county roads,

Oklahoma Statutes - Title 62. Public Finance Page 584

b. county bridges,

c. municipal streets,

d. municipal bridges,

e. any railway or utility system owned by an eligible

local government entity,

f. water treatment facilities,

g. solid waste management facilities,

h. water treatment and distribution systems,

i. any asset or project identified by the eligible local

government entities necessary for essential government

functions if the asset is owned by a local government

entity or entities, or

j. any asset or project that is owned or operated by an

eligible local government entity that provides a

specific industry focused training program that:

(1) is collaboratively developed with major industry

employers in this state to meet the occupational

and skill demands in its workforce, and

(2) the delivery of instruction may be a

collaboration between or among entities under the

jurisdiction of the State Department of

Education, the State Board of Career and

Technology Education and the Oklahoma State

Regents for Higher Education;

14. "Infrastructure Pool" means proceeds of obligations sold by

the Authority to provide resources for eligible local government

entities to provide financing for infrastructure or other purposes

authorized by the Oklahoma Community Economic Development Pooled

Finance Act;

15. "Pooled financing" means an agreement, pursuant to the

provisions of the Oklahoma Community Economic Development Pooled

Finance Act or pursuant to the Interlocal Cooperation Act, among two

or more eligible local governmental entities or involving a local

government entity or entities in conjunction with a for-profit

business entity to use proceeds from a tax levy or other authorized

source of revenue to make payments of principal, interest and other

related costs in connection with an obligation issued by the

Oklahoma Development Finance Authority for the benefit of the

entities entering into such agreement according to the terms of the

agreement and according to the requirements of any ballot submitted

to the voters of the respective eligible local governmental

entities. Pooled financing does not mean or include the use of any

ad valorem tax revenues derived from a levy imposed pursuant to

Section 26 of Article X of the Oklahoma Constitution;

16. "Private activity bonds" means those obligations the

interest income from which may be exempt from federal income tax

Oklahoma Statutes - Title 62. Public Finance Page 585

pursuant to the provisions of the Internal Revenue Code of 1986, as

amended; and

17. "Public-Private Partner Development Pool" means proceeds of

obligations sold by the Oklahoma Development Finance Authority to

provide resources for eligible local government entities to provide

financing for infrastructure in conjunction with for-profit business

entities and federal government defense entities or any other

purpose authorized by the Oklahoma Community Economic Development

Pooled Finance Act.
Okla. Stat. tit. 62, § 62-34.22 — OK Code / Title 62 / Section 62-34.22
Telecommunications Revolving Fund
Status: in_force

There is hereby created in the State Treasury a revolving fund

for the Office of Management and Enterprise Services to be

designated the "Telecommunications Revolving Fund". The fund shall

be a continuing fund, not subject to fiscal year limitations, and

shall consist of appropriations made by the Legislature and

Oklahoma Statutes - Title 62. Public Finance Page 59

reimbursements for providing telecommunications services as defined

in Sections 34.19, 34.20, 34.21 and 34.24 of this title. All monies

accruing to such fund are hereby appropriated and may be budgeted

and expended by the Office of Management and Enterprise Services for

the purpose of providing telecommunications, Internet, and

eGovernment services, as referenced in Sections 34.24 and 34.25 of

this title, the construction and maintenance of information

technology facilities and services, and other related services.

Expenditures from said fund shall be made upon warrants issued by

the State Treasurer against claims filed as prescribed by law with

the Director of the Office of Management and Enterprise Services for

approval and payment.
Okla. Stat. tit. 62, § 62-911 — OK Code / Title 62 / Section 62-911
Definitions
Status: in_force

As used in the Local and Regional Capital Improvement Planning

Process Act, unless otherwise indicated:

1. "Capital improvement plan" means a document or interrelated

document containing the elements established under the provisions of

subsection D of Section 5 of this act, including the strategies for

an implementation program which are consistent with the goals and

guidelines established under the Local and Regional Capital

Improvement Planning Process Act;

2. "Local planning committee" means the committee established

by the officers of a unit of local government or combination of

units of local governments which has the general responsibility

established under Section 5 of this act. If a unit of local

government has an existing planning department or other such entity,

the unit may utilize that entity as its local planning committee;

3. "Person" means an individual, corporation, governmental

agency, county, municipality, trust, estate, partnership,

association or any other legal entity;

4. "Regional council" means a regional commission or a council

of governments established under the provisions of the Interlocal

Cooperation Act, and which has as its primary purpose joint planning

for units of local government and consists of Grand Gateway Economic

Development Association, Eastern Oklahoma Development District,

Kiamichi Economic Development District of Oklahoma, Southern

Oklahoma Development Association, Central Oklahoma Economic

Development District, Indian Nations Council of Governments,

Northern Oklahoma Development Association, Association of Central

Oklahoma Governments, Association of South Central Oklahoma

Governments, South Western Oklahoma Development Authority and

Oklahoma Economic Development Association;

5. "Reviewing authority" means the planning board, agency or

office of a unit of local government or if none, the elected

officers of such unit;

6. "Special district" means a rural water district,

conservation district, rural road improvement district, sewer

protection district, fire protection district and districts

established pursuant to the Interlocal Cooperation Act; and

7. "Unit of local government" means a municipality, county or

special district.
Okla. Stat. tit. 62, § 62-663 — OK Code / Title 62 / Section 62-663
Act inapplicable for acquiring certain utility plants or
Status: in_force

distribution systems.

The provisions of this act shall not be applicable to nor used

by a municipality or county or trust for the purpose of purchasing,

Oklahoma Statutes - Title 62. Public Finance Page 472

condemning, or otherwise acquiring a utility plant or distribution

system owned or operated by a regulated public utility.
Okla. Stat. tit. 62, § 62-35.1 — OK Code / Title 62 / Section 62-35.1
Information Technology Consolidation and Coordination
Status: in_force

Act.

Sections 2 through 9 of this act shall be known and may be cited

as the “Information Technology Consolidation and Coordination Act”.
Okla. Stat. tit. 62, § 62-57.154 — OK Code / Title 62 / Section 62-57.154
Bids
Status: in_force

The State of Oklahoma Building Bonds Commission may reject all

bids for such bonds if, in the judgment of the Commission, the

Oklahoma Statutes - Title 62. Public Finance Page 264

interest rate bid is unfavorable and there is a substantial prospect

that a more favorable interest rate can be obtained at a later time,

in which event the Commission shall readvertise and reoffer such

bonds all in accordance with the provisions of said Chapter 339,

O.S.L. 1969.
Okla. Stat. tit. 62, § 62-372 — OK Code / Title 62 / Section 62-372
Fraudulent claims - Liability of public officers
Status: in_force

Every officer of the state and of any county, city, town or

school district, who shall hereafter order or direct the payment of

any money or transfer of any property belonging to the state or to

such county, city, town or school district, in settlement of any

claim or in pursuance of any unauthorized, unlawful or fraudulent

contract or agreement made, for the state or any such county, city,

town or school district, by any officer thereof, known to such

officer to be fraudulent or void, and every person, having notice of

the facts, with whom such unauthorized, unlawful or fraudulent

contract shall have been made, or to whom, or for whose benefit such

money shall be paid or such transfer of property shall be made,

shall be jointly and severally liable to the state, county, city,

town or school district affected, for triple the amount of all such

sums of money so paid, or triple the value of property so

transferred, as a penalty, to be recovered at the suit of the proper

officers of the state or such county, city, town or school district,

or of any resident taxpayer thereof, pursuant to Section 373 of this

title; provided, however, no action for personal liability shall lie

against any such officer for a transaction approved in good-faith

reliance on advice of legal counsel for the public entity

authorizing the transaction or which has been submitted to a court

of competent jurisdiction for determination of legality.
Okla. Stat. tit. 62, § 62-45.8 — OK Code / Title 62 / Section 62-45.8
Performance audits and investigations by State Auditor
Status: in_force

and Inspector and Joint Committee on Accountability in Government.

A. The State Auditor and Inspector when in the conduct of a

performance audit of a state agency shall consider in the evaluation

of an agency the extent to which the agency conforms to the agency's

strategic plan and management and performance report.

B. The Joint Committee on Accountability in Government pursuant

to its procedures may conduct a performance investigation of a state

agency to consider to what extent an agency has improved

performance.

C. The activities of the Joint Committee shall not preclude

other oversight activities by other legislative entities.
Okla. Stat. tit. 62, § 62-117 — OK Code / Title 62 / Section 62-117
Fee for transfer
Status: in_force

The State Treasurer shall be entitled to receive from the owner

of the bonds transferred under this act a fee of fifty cents ($0.50)

for each One Thousand Dollars ($1,000.00) face value of bonds so

transferred.
Okla. Stat. tit. 62, § 62-573 — OK Code / Title 62 / Section 62-573
Definition
Status: in_force

As used in this act, unless the context requires otherwise, the

term "government entity" means and includes any city, town, county,

school district, other district of whatsoever nature or any other

political subdivision.
Okla. Stat. tit. 62, § 62-504 — OK Code / Title 62 / Section 62-504
Claims of officers against counties - Penalty for
Status: in_force

violation.

Any county officer of any county of this state who files any

claim against any contingent or special fund, of the county, must

file a complete statement, setting out specifically each item

covered by such claim, and if for money expended, receipts for money

so expended must be filed with the claim, and any officer filing a

claim against any special or contingent fund, and any board of

county commissioners allowing claims on any contingent or special

funds of the county, that does not comply with all the provisions as

set forth in this act, shall be liable on their official bond to the

county in double the amount of said claim or claims, so allowed, and

it shall be the duty of the district attorneys within their

respective counties to enter suit in the name of the county against

the official bonds of said officer, or commissioners, to recover

said amount so illegally allowed and the penalty as provided in this

act.
Okla. Stat. tit. 62, § 62-2400 — OK Code / Title 62 / Section 62-2400
Short title - Invest In Oklahoma Act
Status: in_force

Oklahoma Statutes - Title 62. Public Finance Page 649

This act shall be known and may be cited as the "Invest In

Oklahoma Act".
Okla. Stat. tit. 62, § 62-867 — OK Code / Title 62 / Section 62-867
Report to taxing entity
Status: in_force

A. For those increment districts in operation for nine (9)

months or more, on or before the ninetieth day following the end of

each fiscal year, the governing body of a city, town or county shall

submit a report to the chief executive officer of each taxing entity

that levies ad valorem taxes on property in an increment district.

The report shall include:

1. The amount and source of revenue captured and apportioned

pursuant to the project plan;

2. The amount and purpose of expenditures;

3. The amount of principal and interest due on outstanding

bonded indebtedness;

4. The tax increment base and current captured appraised value

or the other local tax or fees collections retained by the area;

5. The captured appraised value or the other local tax or fee

collections shared by the city, town or county and other taxing

entities, the total amount of tax increments received and any

additional information necessary to demonstrate compliance with the

plan adopted by the city, town or county;

6. The name of the person who is currently in charge of the

implementation of the plan; and

7. The names of the persons who have disclosed an interest as

required pursuant to Section 857 of this title and the interest

disclosed.

B. For those incentive districts in operation for nine (9)

months or more, on or before the ninetieth day following the end of

each fiscal year, the governing body of a city, town or county shall

submit to the chief executive officer of each taxing entity that

Oklahoma Statutes - Title 62. Public Finance Page 566

levies property taxes on real property in an incentive district.

The report shall include:

1. The parties receiving incentives or exemptions;

2. A general description of the property and the improvements

to be made;

3. The portion and fair market value of the property to be

exempted or that portion of the local taxes to be subject to

incentives or to be exempted;

4. The duration of the incentives or exemptions;

5. Any additional information necessary to demonstrate

compliance with the tax incentives or exemptions;

6. The name of the person who is currently in charge of the

implementation of the plan; and

7. The names of the persons who have disclosed an interest as

required pursuant to Section 857 of this title and the interest

disclosed.

C. At the time of submitting the reports as required by

subsections A and B of this section, the governing body shall

publish in a newspaper of general circulation in the city, town or

county, a summary of the relevant financial information along with a

notice to the effect that such report has been prepared and that the

report is available for inspection during business hours in the

office of the municipal or county clerk.
Okla. Stat. tit. 62, § 62-844 — OK Code / Title 62 / Section 62-844
State local enterprise matching payments - Eligibility and
Status: in_force

amount.

Oklahoma Statutes - Title 62. Public Finance Page 537

A. If an enterprise is located within an incentive district

pursuant to the provisions of Section 856 of this title, and the

enterprise either constructs or expands a facility that is located

within an enterprise zone designated pursuant to the provisions of

Section 690.2 of this title, the enterprise shall be eligible for a

state local enterprise matching payment equal to the amount of sales

tax exemption afforded to the enterprise pursuant to Section 860 of

this title.

B. The state local enterprise matching payment shall be made

for the twelve-month period preceding March 1 of each calendar year.

The state local government matching payment shall be made for the

six-month periods preceding March 1 and September 1 of each calendar

year.

C. The state local enterprise matching payment shall be made in

an amount equal to the amount of sales tax for which the enterprise

has received payment during the period prescribed by subsection B of

this section pursuant to Section 860 of this title.

D. Beginning July 1, 2005, the state local government matching

payment shall be made in an amount equal to the lesser of the amount

of local sales taxes which have been apportioned under the

applicable project plan during the period prescribed by subsection B

of this section pursuant to Section 861 of this title or the net

benefit rate multiplied by the actual gross sales derived from the

project, pursuant to the limits provided in Section 842 of this

title.
Okla. Stat. tit. 62, § 62-34.33 — OK Code / Title 62 / Section 62-34.33
Agreements to administer information technology and telecommunications
Status: in_force

Oklahoma Statutes - Title 62. Public Finance Page 2telecommunications infrastructure and security.

The Office of Management and Enterprise Services is authorized

to enter into a multi-year agreement to acquire land, develop,

design, construct and furnish facilities necessary for the

administration of the state's information technology and

telecommunications infrastructure and security. Such action shall

not be subject to The Oklahoma Central Purchasing Act. The area of

the facility authorized by this section dedicated for computer-ready

space shall not exceed ten percent (10%) of the total square footage

of the entire facility, but under no circumstances shall exceed nine

thousand (9,000) square feet. The Office of Management and

Enterprise Services is authorized to use existing and future funds

from fees, appropriations and federal funds, as necessary, to

finance such facilities.
Okla. Stat. tit. 62, § 62-41.4 — OK Code / Title 62 / Section 62-41.4
Renumbered as § 34.6 of this title by Laws 2009, c. 441,
Status: in_force

§ 64, eff. July 1, 2009.
Okla. Stat. tit. 62, § 62-3113 — OK Code / Title 62 / Section 62-3113
Interpretation and construction of act
Status: in_force

No provision of the Oklahoma Pension Legislation Actuarial

Analysis Act generally and no provision of Section 11 of this act in

particular shall:

1. Create or be construed to create a contractual right to a

retirement benefit or a contractual right in the provisions of a

retirement system law which does not exist independently of the

provisions of the Oklahoma Pension Legislation Actuarial Analysis

Act; and

2. Impair, alter, or diminish or be construed to impair, alter,

or diminish a contractual right to a retirement benefit or a

contractual right in the provisions of a retirement system law which

exists independently of the provisions of the Oklahoma Pension

Legislation Actuarial Analysis Act.

Oklahoma Statutes - Title 62. Public Finance Page 671
Okla. Stat. tit. 62, § 62-57.37 — OK Code / Title 62 / Section 62-57.37
Investment - Approval as collateral security
Status: in_force

Any bank, trust or insurance company organized under the laws of

Oklahoma may invest its capital, surplus and reserve funds and other

Oklahoma Statutes - Title 62. Public Finance Page 216

funds under its control in bonds issued under the provisions of this

act. The officers having charge of any fund of the State of

Oklahoma, or any department, agency, or institution thereof or any

sinking fund of any county, city, town, township, board of education

or school district may invest such funds in bonds issued under the

provisions hereof. Such bonds shall also be approved as collateral

security for the deposit of any public funds and for the investment

of trust funds.
Okla. Stat. tit. 62, § 62-572 — OK Code / Title 62 / Section 62-572
Purpose
Status: in_force

The purpose of this act is to guarantee to the citizens of the

State of Oklahoma that the proceeds of bond issues approved by them

will be expended only for the purposes or projects for which any

such bond issue was approved.
Okla. Stat. tit. 62, § 62-310.5 — OK Code / Title 62 / Section 62-310.5
Surplus for unencumbered balances - Supplemental
Status: reserved

appropriations - Cancellation of appropriations.

Provided all fund balance reserved for unencumbered balances of

appropriations for the prior fiscal year on hand at the close of day

September 30, may be appropriated by supplemental appropriation to

current expense purposes in the current fiscal year in the manner

now provided by law. In the event of the recording of an estimated

encumbrance or in the event of an increase in the cost price of

supplies, equipment, materials, etc., these underestimations may be

provided for during the three-months period by the cancellation of

Oklahoma Statutes - Title 62. Public Finance Page 378

appropriations made by the county excise board prior to June 30,

subject to the approval both of the governing board and the officer

in charge of the department or appropriation account only in

instances as hereinabove set forth and only in amounts sufficient to

pay such increased encumbrances, and by reappropriation to the

appropriation accounts in which an underestimate encumbrance was

made, all in the manner as now provided by law for the making of

supplemental appropriations.
Okla. Stat. tit. 62, § 62-8016 — OK Code / Title 62 / Section 62-8016
Economic analysis of proposed major rules
Status: in_force

A. The Legislative Office of Fiscal Transparency (LOFT) shall

provide independent and reliable economic analysis to assist the

Legislature in reviewing proposed administrative rules of state

agencies classified as major rules pursuant to the Administrative

Procedures Act. Unless otherwise approved by the President Pro

Tempore of the Senate and the Speaker of the House of

Representatives, the duties prescribed by this section shall be

accomplished within the existing full-time-employee count of LOFT.

B. 1. Within twenty-one (21) calendar days of receiving a

proposed rule and its supporting documents, LOFT shall analyze

whether the proposing agency has complied with the requirements of

Section 303 of Title 75 of the Oklahoma Statutes. LOFT shall assess

whether the proposed rule could result in implementation and

compliance costs of more than One Million Dollars ($1,000,000.00)

over the initial five-year period after implementation.

2. The reporting requirements of this section shall not be

construed to prevent the approval and promulgation of emergency

rules pursuant to Section 253 of Title 75 of the Oklahoma Statutes.

C. 1. LOFT shall furnish a report on each major rule to the

chairs of the committees designated by the President Pro Tempore of

Oklahoma Statutes - Title 62. Public Finance Page 683

the Senate and the Speaker of the House of Representatives by the

end of the twenty-first calendar day after its submission.

2. LOFT shall inform the chairs of the designated committees if

the rule impact statement from the agency is incomplete or contains

substantive inaccuracies.

D. If a chair of a committee designated under subsection C of

this section reasonably believes that the provisions of a proposed

nonmajor rule may constitute designation as a major rule, the chair

may request that LOFT analyze the rule pursuant to the provisions of

this section.

E. State agencies shall cooperate fully with LOFT and the

Legislature in providing data, documentation, and analysis required

under this act.

F. LOFT shall make all analyses and determinations publicly

available on its website upon completion.

G. An annual report summarizing the year’s evaluations and

findings shall be submitted electronically to the Governor, the

President Pro Tempore of the Senate, and the Speaker of the House of

Representatives and shall be published on LOFT’s website. Within

the annual report, LOFT shall quantify the impact of its work,

including reductions in regulations, cost savings, and other

measurable benefits to the economy.
Okla. Stat. tit. 62, § 62-752 — OK Code / Title 62 / Section 62-752
Definitions
Status: in_force

As used in the General Obligation Public Securities Refunding

Act:

1. "Escrow supplement" means any legally available funds or

moneys, other than bond proceeds, of a public body, which are placed

in an escrow or trust account established pursuant to the provisions

of the General Obligation Public Securities Refunding Act to be used

and expended, together with the proceeds of refunding bonds, to

accomplish the purposes of the escrow or trust account;

2. "Federal securities" means United States Government or

agency bills, certificates of indebtedness, notes, bonds or other

obligations which are direct obligations of, or the principal of and

interest on which obligations are unconditionally guaranteed by or

secured by an unconditional obligation of, the United States of

America;

3. "General obligation" means general obligation bonds or any

other general obligation of a public body constituting a debt or

indebtedness of the public body;

4. "Governing body" means a city council, town council, board,

commission, board of commissioners, board of trustees, board of

directors or other legislative body of a public body in which the

legislative powers of the public body are vested;

5. "Net effective interest rate" means the net interest cost of

such obligations to be refunded divided by the product of the

principal amounts expressed in one-thousand-dollar units of such

obligations to be refunded maturing on each maturity date and ten

times the number of years from the date of the proposed refunding

bonds to the respective maturities of the obligations to be

refunded. The net effective interest rate shall be computed without

regard to any option of redemption prior to the designated maturity

dates of the obligations;

6. "Net interest cost" of outstanding obligations to be

refunded means the total amount of interest which would accrue on

the outstanding obligations from the date of the proposed refunding

bonds to the respective maturity dates of the outstanding

obligations to be refunded. The net interest cost shall be computed

Oklahoma Statutes - Title 62. Public Finance Page 510

without regard to any option of redemption prior to the designated

maturity dates of the obligations to be refunded;

7. "Public body" means any county, city, town, school district,

or other political subdivision of the state;

8. "State" means the State of Oklahoma;

9. "Qualified escrow agent" means any commercial bank with full

corporate trust powers located within the state whose accounts are

insured by the Federal Deposit Insurance Corporation; and

10. "Escrow account" means an escrow or trust account

established with a qualified escrow agent pursuant to the provisions

of the General Obligation Public Securities Refunding Act. The

escrow account shall be deemed a part of the sinking fund of the

issuer of the refunded bonds.
Okla. Stat. tit. 62, § 62-658 — OK Code / Title 62 / Section 62-658
Mortgage liens
Status: in_force

Subject to the subsequent provisions of this section, there

shall exist a statutory mortgage lien upon the lands, buildings,

and/or facilities acquired, constructed, reconstructed, extended,

equipped, or improved, in whole or in part, with the proceeds of

revenue bonds issued under this act which shall exist in favor of

the holders of the bonds and in favor of the holders of the coupons

attached to said bonds, and said lands, buildings, and/or facilities

Oklahoma Statutes - Title 62. Public Finance Page 470

shall remain subject to such statutory mortgage lien until payment

in full of the principal of and interest on said revenue bonds.

Anything herein to the contrary notwithstanding, the resolution

and/or indenture referred to in Section 5 of this act may impose a

foreclosable mortgage lien upon the lands, buildings, and/or

facilities acquired, constructed, reconstructed, extended, equipped,

or improved, in whole or in part, with the proceeds of revenue bonds

issued under this act and the nature and extent of said mortgage

lien may be controlled by the resolution or indenture including,

without limitation, provisions pertaining to the release of all or

part of the lands, buildings, and/or facilities from the mortgage

lien and the priority of mortgage lien in the event of successive

bond issues as authorized by Section 5 of this act. Subject to such

terms, conditions, and restrictions as may be contained in the

resolution or indenture authorizing and/or securing the said bonds,

any holder of bonds issued under the provisions of this act, or of

any coupon attached thereto, may, either at law or in equity,

enforce the mortgage lien and may, by proper suit, compel the

performance of the duties of the officials of the issuing trustees

set forth in this act and set forth in any resolution and/or

indenture authorizing and/or securing the said bonds.
Okla. Stat. tit. 62, § 62-341 — OK Code / Title 62 / Section 62-341
Paving, drainage or improvement taxes - Payment by
Status: in_force

warrants or bonds.

The owner of any paving, drainage or improvement warrants or

bonds, heretofore or hereafter issued, by any city, town, or

drainage district, or the board of county commissioners for such

drainage district, in the State of Oklahoma, for the payment of

paving, drainage or street improvement in any such city, town or

drainage district, shall have the right to pay and discharge the

lien and taxes assessed or apportioned for such paving, drainage or

street improvement upon any property which he owns in the paving,

drainage or street improvement district in and for which such

warrants or bonds were issued to pay for such paving, drainage or

street improvement; provided, that the taxpayer must be both the

owner of such warrants or bonds, and the property on which the same

is a lien for such assessment for such paving, drain or improvement,

at the time said warrants or bonds are tendered as payment as in

this act provided.
Okla. Stat. tit. 62, § 62-71.1 — OK Code / Title 62 / Section 62-71.1
Invest in Oklahoma Board — Members — Duties
Status: in_force

A. There is hereby created the Invest in Oklahoma Board. The

Board shall consist of five (5) members as follows:

1. The Governor, or designee;

2. The Lieutenant Governor, or designee;

3. The State Treasurer, or designee;

4. An appointee of the Speaker of the House of Representatives

who shall serve at the Speaker's pleasure; and

5. An appointee of the President Pro Tempore of the Oklahoma

State Senate who shall serve at the President Pro Tempore's

pleasure.

B. The appointed and designated members shall have no direct or

indirect business relationship with the State Treasurer or the State

Treasurer's Office.

C. The Governor or Governor's designee shall serve as

chairperson.

D. The Board shall hold regular meetings not less than one per

quarter, and at such other times as it deems necessary for the

performance of its duties. The date, time and place of the meetings

shall be set by the chairperson. The State Treasurer shall provide

the administrative support required by the Board. The Board shall

be staffed by efforts under the control of the State Treasurer who

shall prepare all materials and information needed by the Board to

perform its duties and responsibilities. Meetings of the Board

shall be subject to the Oklahoma Open Meeting Act, and their records

shall be public records pursuant to the Oklahoma Open Records Act.

E. The Board shall develop a standardized and uniform reporting

system which the State Treasurer shall use to make the reports

required by Section 89.7 of this title. The Board shall prescribe

such forms in order to obtain an objective and accurate analysis of

the investment of state funds by the State Treasurer and to obtain

Oklahoma Statutes - Title 62. Public Finance Page 295

an accurate analysis of investment performance according to an

objective standard established by the Board. The Board shall not be

subject to the provisions of the Administrative Procedures Act for

purposes of developing the reporting system required by this

subsection. The Board shall review the reports prepared by the

State Treasurer pursuant to Section 89.7 of this title. The Board

shall review with the State Treasurer investment strategies and

practices and the development of internal auditing procedures and

practices. The Board shall review the reports submitted by the

State Treasurer and shall identify any event, transaction or trend

which the Board determines to represent a violation or potential

violation of law or public policy regarding the investment of state

funds. The Board shall specifically identify its concerns or

objections and shall communicate such concerns or objections in

writing to the State Treasurer.

F. The State Treasurer shall maintain a report available to

each member of the Board which specifically identifies entities with

whom or with which the State Treasurer has transacted business

related to investment of any state funds. Any person or entity to

whom or to which any form of compensation has been or will be paid

for services rendered to the State Treasurer's Office related to the

investment of state funds shall be identified in such report. Such

report shall also be available to the Director of the Office of

Management and Enterprise Services, the State Auditor and Inspector,

the Speaker of the House of Representatives, the President Pro

Tempore of the Senate and the Governor.

G. Members of the Board shall serve without compensation,

except for travel, pursuant to the State Travel Reimbursement Act,

to be paid by the appointing authority.

H. The Board shall establish and adopt investment parameters

related to investments in Oklahoma-based private equity funds,

venture capital funds, growth funds, and direct investments in

Oklahoma companies authorized under the Invest in Oklahoma program;

provided that by a unanimous vote of the Board such parameters may

be exceeded with regard to investments to the extent allowable under

the Oklahoma Constitution.

I. The Board shall exercise confirmation and approval authority

over the appointment and contractual relationships of qualified

investment advisors and fiduciary managers engaged by the State

Treasurer to assist in the selection of the investments authorized

under the Invest in Oklahoma program.
Okla. Stat. tit. 62, § 62-695.6a — OK Code / Title 62 / Section 62-695.6a
Council of Bond Oversight - Membership
Status: in_force

A. The Council of Bond Oversight shall consist of five (5)

members as follows:

1. One member shall be appointed by the President Pro Tempore

of the Senate;

2. One member shall be appointed by the Speaker of the House of

Representatives;

3. Two members shall be appointed by the Governor, with the

advice and consent of the Senate; and

4. The State Treasurer or his or her designee shall be a

member.

B. Three members shall constitute a quorum. The affirmative

vote of three members shall be necessary for any action to be taken

by the Council.

C. Members appointed to the Council shall serve a term of four

(4) years and may be removed for cause by the appointing authority.

Members may be reappointed for additional terms.

D. A vacancy on the Council shall be filled in the same manner

as the original appointment, to hold office during the unexpired

term for which the member was appointed. The Council shall elect

one of its members chair and may elect such other officers as it

deems necessary. No vacancy in the membership of the Council shall

impair the right of the Council to exercise all duties of the

Council.

E. The State Treasurer, as provided in Section 695.7 of this

title, shall provide support staff as necessary to implement the

purposes and functions of the Council.

Oklahoma Statutes - Title 62. Public Finance Page 487

F. The Attorney General shall provide legal counsel to the

Council.

G. No member of the Oklahoma State Legislature shall be

eligible to serve as a member of the Council.
Okla. Stat. tit. 62, § 62-352 — OK Code / Title 62 / Section 62-352
Sale at less than ninety-nine percent of par – Penalties
Status: in_force

Any member of any board of county commissioners, any member of

any governing body of a municipality or school district, and any

other officer of any of the aforesaid political subdivisions of this

state, or any other officer of any political subdivision of this

state, who shall sell, or agree to sell, or contract to sell at less

than ninety nine percent (99%) of par, any bonds of the political

subdivision, shall be guilty of a misdemeanor, forfeit and be

removed from office, and in addition, be liable on the person’s

official bond for the difference between the sum received and

ninety-nine percent (99%) of the par value of the bonds with accrued

interest thereon.
Okla. Stat. tit. 62, § 62-690.5 — OK Code / Title 62 / Section 62-690.5
Request for list of designated enterprise zones
Status: in_force

Any enterprise may request from the Oklahoma Employment Security

Commission or the Oklahoma Department of Commerce a list of

Oklahoma Statutes - Title 62. Public Finance Page 477

designated enterprise zones. The boards of county commissioners of

counties and the governing bodies of any city or town designated

enterprise zones shall make available information concerning such

designation to local chambers of commerce, trade associations and

similar business organizations.
Okla. Stat. tit. 62, § 62-34.76 — OK Code / Title 62 / Section 62-34.76
WIC Supplemental Nutrition Program - Establishment of
Status: in_force

system for processing of claims - Procedures for payment of gross

vouchers - Transfer of certain funds.

Oklahoma Statutes - Title 62. Public Finance Page 116

A. The State Department of Health is authorized to enter into

contracts with third party administrators to establish a system for

processing claims for payment pursuant to the United States

Department of Agriculture Women, Infants and Children Supplemental

Nutrition Program.

B. The State Board of Health shall promulgate rules and develop

procedures necessary for implementation and administration of the

system.

C. The State Board of Health is authorized to develop

procedures that allow for the payment of gross vouchers received by

a third party administrator adjusted by returned items or any other

disallowances.

D. The State Department of Health is authorized to transfer any

available federal or revolving funds to their WIC Disbursing Fund as

needed for the purpose of providing cash flow until federal funds

are received. Any such funds transferred into the WIC Disbursing

Fund shall be transferred back to the original fund source before

the end of the fiscal year in which the transfer was made.
Okla. Stat. tit. 62, § 62-57.70 — OK Code / Title 62 / Section 62-57.70
Investment of sinking fund monies
Status: in_force

The State Treasurer shall invest all sinking fund monies in

direct obligations of the United States of America or in

certificates of deposits from banks in the State of Oklahoma

acceptable as depositories by the State Treasurer when such

certificates of deposits are secured by acceptable collateral and

yield as much or more than direct obligations of the United States

of America, to mature in time to meet the principal and interest

payments on the State of Oklahoma Institutional Building Bonds of

1965, which earnings shall be deposited in the sinking fund.
Okla. Stat. tit. 62, § 62-281 — OK Code / Title 62 / Section 62-281
Municipal corporations holding public utility bonds -
Status: in_force

Readjustment of indebtedness under bankruptcy laws.

It shall be lawful for the board of county commissioners of any

county in the State of Oklahoma, or the board of education or other

governing board of any school district in the State of Oklahoma, or

the governing board of any other municipal corporation in the State

of Oklahoma, which holds or owns any public utility bonds of any

incorporated city or town of this state, the assessed valuation of

which is less than the face value of the entire issue of said bonds

and accrued interest thereon, to accept in writing any plan of

readjustment of said indebtedness of such city or town which may be

submitted by the governing board thereof under Section 80, of

Chapter IX, of the Bankruptcy Laws of the United States of America,

as amended in an act entitled "An Act to Establish an Uniform System

of Bankruptcy Throughout the United States" approved July 1, 1898,

and acts amendatory thereof and supplementary thereto, approved May

24, 1934, and to accept in full settlement of such indebtedness

either in cash or other securities of such incorporated city or

town, an amount less than the full amount due on the face of said

bonds and/or interest coupons.
Okla. Stat. tit. 62, § 62-57.186 — OK Code / Title 62 / Section 62-57.186
Appropriation
Status: in_force

There is hereby appropriated to the Department of Mental Health

and Substance Abuse Services from the proceeds of the sale of Series

E Bonds, Section 1, this act, deposited in the State of Oklahoma

Building Bonds of 1968 Fund in the State Treasury the sum of Two

Million Sixty Thousand Dollars ($2,060,000.00) for capital

expenditures as may be required to meet the national life safety

requirements as prescribed by the National Fire Protection

Association Life Safety Code Number 101 and to comply with hospital

safety accreditation standards at the several mental health

institutions.
Okla. Stat. tit. 62, § 62-829 — OK Code / Title 62 / Section 62-829
Required attributes of bonds – Open competitive offering –
Status: in_force

Special limited obligations – Investment by financial and insurance

companies.

A. Bonds issued pursuant to this act shall:

1. Be issued in one or more series;

2. Bear such date or dates;

3. Mature at such time or times not exceeding twenty-five (25)

years from their date;

4. Be in such denomination or denominations;

5. Be payable in such medium of payment at such place or

places;

6. Be subject to such terms of redemption with or without

premium; and

7. Bear such rate or rates of interest as may be provided in

the Final Project Plan; provided, however, that the average coupon

rate for such bonds shall not exceed fourteen percent (14%) per

annum.

B. All bonds issued hereunder, except bonds sold to the federal

government or any agency thereof or to any agency of the State of

Oklahoma, shall be awarded to the lowest and best bidder based upon

an open competitive public offering, advertised at least once a week

Oklahoma Statutes - Title 62. Public Finance Page 527

for two (2) successive weeks in a newspaper of general circulation

in the county where the Participating Entity is located prior to the

date on which bids are received and opened; provided, however, that

the Governor may waive this requirement if the Governor determines

that a lower aggregate interest cost may be obtained through a

negotiated sale. In no event, however, shall any bonds issued

hereunder be sold for less than ninety-six percent (96%) of par

value.

C. Bonds shall have all the qualities and incidents of

negotiable paper and the interest thereon shall not be subject to

taxation by the State of Oklahoma.

D. Each Participating Entity may issue bonds pursuant to this

act for the purpose of refunding any obligations of such entity

issued pursuant to this act.

E. The bonds issued pursuant to this act shall not constitute

an obligation of the State of Oklahoma, or general obligations of

the issuers thereof, but shall be special, limited obligations

payable solely from the taxes or other revenues described in the

Final Project Plan and only to the extent authorized by the voters

of each Participating Entity. The governing body of each

Participating Entity is hereby authorized and directed to pledge all

or any part of such revenues to the payment of principal, interest

and premium, if any, on the bonds issued by such Participating

Entity.

F. A Participating Entity may enter into any agreement or

contracts with the United States of America or the State of Oklahoma

or any agency or instrumentality thereof which it may consider

advisable or necessary in order to obtain a grant of funds or other

aid to be used in connection with the proceeds of the bonds.

G. Bonds issued pursuant to this act shall not be subject to

the provisions of the Municipal and County Industrial Development

Bonds Act, but instead, shall be issued pursuant to the provisions

of this act.

H. Any bank, trust or insurance company organized under the

laws of Oklahoma may invest its capital, surplus and reserves in

bonds issued under the provisions of this act.
Okla. Stat. tit. 62, § 62-576 — OK Code / Title 62 / Section 62-576
Exceptions
Status: in_force

The provisions of this act shall not apply to any bond issue

approved by the qualified electors of any governmental entity prior

to the effective date of this act nor to any bond or bonds issued

pursuant to Article 10, Section 35 of the Oklahoma Constitution.
Okla. Stat. tit. 62, § 62-891.12 — OK Code / Title 62 / Section 62-891.12
For-profit businesses determination letter and
Status: in_force

agreements - Withholding taxes.

A. As used in this section:

1. “Estimated direct state benefits” means the tax revenues

projected by the Oklahoma Department of Commerce to accrue to the

state as a result of new direct jobs;

2. “Estimated indirect state benefits” means the indirect new

tax revenues projected by the Oklahoma Department of Commerce to

accrue to the state, including, but not limited to, revenue

generated from ancillary support jobs directly related to the

primary business;

3. “Estimated direct state costs” means the costs projected by

the Department to accrue to the state as a result of new direct

jobs. Such costs shall include, but not be limited to:

a. the costs of education of new state resident children,

b. the costs of public health, public safety and

transportation services to be provided to new state

residents,

c. the costs of other state services to be provided to

new state residents, and

d. the costs of other state services; and

4. “Estimated indirect state costs” means the costs projected

by the Department to accrue to the state as a result of new indirect

jobs. Such costs shall include, but not be limited to, costs

enumerated in subparagraphs a, b, c and d of paragraph 3 of this

subsection.

B. A for-profit business entity that would otherwise qualify to

receive or benefit from proceeds from the issuance of obligations by

the Authority from the Economic Development Pool shall be required

to obtain a determination letter from the Oklahoma Department of

Commerce that the business activity of the entity will result in a

positive net benefit rate, to be computed by the Department of

Commerce using a methodology which provides for the analysis of

estimated direct state benefits, estimated indirect state benefits,

estimated direct state costs and estimated indirect state costs.

The Oklahoma Department of Commerce shall use such information as it

determines to be relevant for the analysis required by this

subsection including, but not limited to, the type of business

activity in which the entity is engaged or will be engaged, amount

of capital investment, type of assets acquired or utilized by the

business entity, economic effect of the business activity within the

relevant geographic region and such other factors as the Department

determines to be relevant. The Oklahoma Department of Commerce may

use information regarding the business entity alone or in

conjunction with relevant information regarding other business

Oklahoma Statutes - Title 62. Public Finance Page 591

activity in a geographically relevant area surrounding the principal

business location of the primary business entity in order to perform

the computation of the net benefit rate. If the result of the

analysis is a positive net benefit rate, the business entity shall

be allowed to capture withholding taxes associated with new jobs or

with existing jobs as otherwise provided by this act. The Oklahoma

Department of Commerce shall transmit a determination letter to the

authorized representative of the business entity and shall also

transmit a copy of the determination letter to the Oklahoma Tax

Commission and to the Oklahoma Development Finance Authority,

regardless of whether the result is a positive or negative net

benefit rate. The Oklahoma Development Finance Authority shall not

allow a business entity to use captured withholding tax revenues for

purposes of any pooled financing otherwise authorized by this act

unless the Oklahoma Department of Commerce has previously

transmitted a determination letter that reveals a positive net

benefit rate for the business entity.

C. Any for-profit business entity that receives proceeds from

the issuance of any obligations by the Authority from the Economic

Development Pool may be required by the applicable local government

entity to enter into such agreements as may be required between the

entity, the local government entity, the Authority and the Oklahoma

Tax Commission to provide for the segregation of withholding taxes

attributable to new direct jobs created or existing payroll retained

by the for-profit business entity in connection with the asset or

assets acquired, constructed or improved with such proceeds.

D. The amount of withholding taxes subject to the provisions of

this section shall, together with other revenue sources or

commitments and undertakings by the for-profit business entity or

third parties, be sufficient to make payment of any required

principal, interest, adequate reserves or other authorized costs for

the borrowing by the Authority.

E. The Authority shall have such power of approval regarding

the amount and duration of withholding tax segregation pursuant to

the provisions of this section in order to ensure payment of its

obligations and to promote the marketability of such obligations.

F. The Authority shall obtain information from the for-profit

business entity as may be required in order to determine the

necessary amount of segregated withholding taxes attributable to new

direct jobs or existing payroll.

G. The Oklahoma Tax Commission shall determine with respect to

the withholding taxes attributable to the income of employees

engaged in new direct jobs or existing jobs for a for-profit

business entity participating in a pooled financing pursuant to the

Oklahoma Community Economic Development Pooled Finance Act the

amount of such withholding taxes required to be deposited to the

Oklahoma Statutes - Title 62. Public Finance Page 592

credit of the Community Economic Development Pooled Finance

Revolving Fund.

H. The Oklahoma Tax Commission shall make a deposit in the

Community Economic Development Pooled Finance Revolving Fund in

accordance with any applicable agreement entered into by a for-

profit business entity participating in a pooled financing pursuant

to the Oklahoma Community Economic Development Pooled Finance Act.

I. No for-profit business entity that benefits from proceeds of

obligations issued by the Authority from the Economic Development

Pool may receive or continue to receive incentive payments pursuant

to the Oklahoma Quality Jobs Program Act or claim any investment tax

credits otherwise authorized pursuant to Section 2357.4 of Title 68

of the Oklahoma Statutes during the period of time that any

withholding taxes attributable to the payroll of such entity are

being paid to the Community Economic Development Pooled Finance

Revolving Fund or in any manner used for the payment of principal,

interest or other costs associated with any obligations issued by

the Authority pursuant to the provisions of this act.
Okla. Stat. tit. 62, § 62-41.8 — OK Code / Title 62 / Section 62-41.8
Renumbered as § 34.48 of this title by Laws 2009, c. 441,
Status: in_force

§ 64, eff. July 1, 2009.
Okla. Stat. tit. 62, § 62-354 — OK Code / Title 62 / Section 62-354
Combined issue of bonds - Bids - Notice - Interest rate on funding bonds - Sales to United
Status: in_force

Oklahoma Statutes - Title 62. Public Finance Page 14funding bonds - Sales to United States government.

A. Whenever any municipal corporation or political subdivision

of the State of Oklahoma shall by separate propositions vote bonds

for two or more purposes, the governing body thereof may combine and

offer for sale in one issue of bonds all of the purposes so voted,

and shall set out in the ordinance or resolution providing for the

issuance of the bonds and in the printed bond for the combined

purposes the amount authorized to be expended for each purpose as

set out in each proposition submitted and approved by the electors,

and the bonds may be designated general obligation bonds or as may

be determined by the governing board of the municipal corporation or

political subdivision.

Oklahoma Statutes - Title 62. Public Finance Page 397

B. When one or more issues of bonds, including a combined bond

issue referred to herein, except funding or refunding bonds, shall

be made or ordered by any county, city, town, board of education,

school district, or other political subdivision of the state, the

proper officers shall, before selling such bonds cause at least ten

(10) days' notice to be given of the time and place when and where

bids therefor will be received and the methods by which bids may be

submitted, which, in the discretion of the governing body, may be by

sealed bid, facsimile bid, electronic mail bid or other bidding

method. Such notice shall be signed by the county clerk if issued

by a county, and by the clerk of any city, town, board of education,

school district, or other subdivision of the state, as the case may

be, and shall be published once a week for two (2) consecutive weeks

in a legally qualified newspaper published in such political

subdivision and if there be no such newspaper then in a legally

qualified newspaper of general circulation in such political

subdivision. The date mentioned in such notice for the sale of such

bonds shall not be less than ten (10) days after the first

publication thereof. In the event a municipal corporation or

political subdivision has by separate propositions voted bonds for

two or more purposes, the proper officers shall set out in such

notice of sale whether bids will be received for a combined bond

issue for all of such purposes as one unit, or bids will be received

for separate bond issues for each purpose.

C. All bonds shall be sold to the bidder who shall stipulate in

the bid the lowest interest cost which such bonds shall bear which,

at the option of the governing body, may be determined based on true

interest cost. Upon the acceptance of such bid, the bonds shall be

issued in accordance therewith and shall be delivered to the

purchaser upon payment of the purchase price thereof. Each bidder

shall submit with the bid a sum in cash, cashier’s check, surety

bond or similar security undertaking as stipulated by the governing

body, equal to two percent (2%) of the principal amount of the bond

issue, and upon the acceptance of any bid, such deposit shall become

the property of the county, or municipality selling the bonds, and

shall be accredited on the purchase price thereof, upon the

understanding that if the purchaser shall fail for five (5) days

after tender of the bonds to pay the balance of the purchase price,

the sale shall be thereby annulled and the deposit shall in such

event be retained by the governing body of such county or

municipality and credited to the account for which such bonds are

being issued and shall be used accordingly. No tender of the bonds

shall be valid until after the expiration of the period of

contestability, as provided by law. All other deposits shall be

returned. The governing body, selling such bonds, shall have the

right to reject all bids and readvertise the bonds for sale. No

Oklahoma Statutes - Title 62. Public Finance Page 398

funding or refunding bonds issued hereunder shall bear a higher rate

of interest than the indebtedness which is funded or refunded.

D. The provisions of Section 351 et seq. of this title shall

not apply to sale of bonds issued by a vote of the people to the

United States Government, or any agency thereof, and the governing

board of a municipal corporation or political subdivision of the

state is hereby authorized to sell such bonds to the United States

Government or any agency thereof at a private sale for a sum of not

less than par with accrued interest added, and the governing board

shall fix the rate of interest which such bonds shall bear which

shall not be a larger rate of interest than that authorized by the

electors voting at the bond election.
Okla. Stat. tit. 62, § 62-474 — OK Code / Title 62 / Section 62-474
Warrants - How drawn
Status: in_force

Each and every warrant or certificate of indebtedness must be

drawn against a specific appropriation or specific amount authorized

by a bond issue for such purpose. As soon as said warrant,

certificate of indebtedness or a bond is issued, the same shall be

at once signed and delivered by the clerk to the treasurer of the

county, city, or town, excluding a school district treasurer,

issuing the same for registration.
Okla. Stat. tit. 62, § 62-88.6 — OK Code / Title 62 / Section 62-88.6
Funding of approved loans
Status: in_force

A. Applications approved by the Board shall be subject to

available funds, and if a loan or loan package is not funded for

Oklahoma Statutes - Title 62. Public Finance Page 307

such reason, it will be funded in the chronological order of its

approval.

B. The State Treasurer shall reject any small business linked

deposit loan package if the participant requesting such loan is not

in good standing with the Oklahoma Tax Commission and the Oklahoma

Employment Security Commission. Notwithstanding any provision of

law to the contrary, said agencies shall provide the State Treasurer

with such information as to the standing of each participant loan

applicant within ten (10) days of the request for the information.

C. Upon acceptance of the small business linked deposit loan

package or any portion thereof, the State Treasurer shall notify the

Board, the lending institution and the borrower. Upon acceptance

the State Treasurer may place certificates of deposit with the

eligible lending institution at up to three percent (3%) below the

comparable Treasury Bill rate, as determined and calculated by the

State Treasurer. When necessary, the State Treasurer may place

certificates of deposit prior to acceptance of a small business

linked deposit loan package.

D. Upon the placement of a small business linked deposit with

an eligible lending institution, the institution shall fund the loan

to each approved eligible participant listed in the small business

linked deposit loan package in accordance with the small business

linked deposit agreement between the institution and the State

Treasurer. The percentage rate of the loan shall be reduced by at

least the same number of percentage points that the certificate of

deposit was reduced upon placement. A certification of compliance

with this subsection in the form and manner as prescribed by the

State Treasurer shall be required of the eligible lending

institution. Deposits placed by the State Treasurer shall be

secured by collateralization as determined by and in accordance with

the State Treasurer's policy for securing state deposits. The

objective of said policy shall be to adequately secure the

collateralization of deposits without requiring unnecessary over-

collateralization by the institution.
Okla. Stat. tit. 62, § 62-753 — OK Code / Title 62 / Section 62-753
Purposes for refunding bonds - Certificate of certified
Status: in_force

public accountant - Accomplishment of refunding without election.

A. A refunding of outstanding obligations of a public body

pursuant to the provisions of the General Obligation Public

Securities Refunding Act shall only occur for the following

purposes:

1. Avoiding or terminating any default in the payment of

interest on or principal of, or both, of obligations, provided a

postponement in the maturity date of all or any portion of

obligations shall be approved at an election as provided for in

Section 754 of this title; or

2. Reducing the net effective interest rate of obligations; or

3. Reducing the total interest payable over the life of

obligations; or

4. Reducing the total principal and interest payable on

obligations; or

5. Any combination of the purposes specified in this

subsection.

Provided, no refunding shall be authorized for purposes of

paragraph 2, 3 or 4 of this subsection unless the public body

provides the Attorney General with a certificate of a certified

public accountant that the taxes payable with respect to the

refunding bonds over the life of the refunding bonds has a lesser

present value than the present value of taxes that would have been

payable with respect to the refunded bonds over the life of the

refunded bonds. Such certificate shall assume no other sources of

funding are deposited to the sinking fund with respect to either the

refunding bonds or the refunded bonds and shall be calculated on the

same present value basis.

B. A refunding of outstanding obligations of a public body may

be accomplished pursuant to the provisions of the General Obligation

Public Securities Refunding Act by the issuance, without an election

Oklahoma Statutes - Title 62. Public Finance Page 511

except as otherwise provided in the General Obligation Public

Securities Refunding Act, of bonds for refunding, paying, and

discharging all or any part of the outstanding obligations,

including a portion of one or more issues of the obligations and

including any interest thereon in arrears or about to become due.
Okla. Stat. tit. 62, § 62-90.8 — OK Code / Title 62 / Section 62-90.8
Rural Economic Development Loan Revolving Fund
Status: in_force

There is hereby created in the State Treasury a revolving fund

for the Oklahoma Department of Agriculture, Food, and Forestry to be

designated the "Rural Economic Development Loan Revolving Fund".

The fund shall be a continuing fund, not subject to fiscal year

limitations, and shall consist of all monies received by the

Department as provided in the Rural Economic Development Loan Act.

All monies accruing to the credit of the fund are hereby

appropriated and may be budgeted and expended by the Department for

the purpose of implementing the Rural Economic Development Loan Act.

Expenditures from the fund shall be made upon warrants issued by the

State Treasurer against claims filed as prescribed by law with the

Director of the Office of Management and Enterprise Services for

approval and payment.
Okla. Stat. tit. 62, § 62-34.64 — OK Code / Title 62 / Section 62-34.64
Payment of claims or payrolls
Status: in_force

A. Except as otherwise provided in the Oklahoma State Finance

Act and except for Automated Clearing House (ACH) debits for

transactional fees, procedures for paying claims or payrolls shall

include the following:

1. All miscellaneous claims and payroll claims for the payment

of money from the State Treasury shall be filed with the Director of

the Office of Management and Enterprise Services for audit and

settlement prior to being filed for payment with the State

Treasurer;

2. The Director of the Office of Management and Enterprise

Services may establish alternative procedures for the settlement of

claims whenever such procedures are more advantageous so long as

they are consistent with the requirements of state law;

3. Such alternative procedures shall be at the discretion of

the Director of the Office of Management and Enterprise Services and

may include, but are not limited to:

a. a procedure to permit consolidated payment to vendors

for claims involving more than one agency of the state

when audit and settlement of such claims, as

hereinafter provided, can in all respects be

accomplished,

b. procedures based upon valid statistical sampling

models for preaudit of claims, against contracts,

purchase orders and other commitments before entering

such claims against the accounts, and

c. policies, procedures and performance criteria for the

participation of agencies or departments, not

authorized by this section, to engage in an

alternative system for the settlement of claims; and

4. The Director of the Office of Management and Enterprise

Services may use a numeric or alphanumeric designation to cross-

reference claims or payrolls to check warrant numbers, transfer

entry or optional settlement mode used in the payment thereof.

Oklahoma Statutes - Title 62. Public Finance Page 104

B. Except for ACH debits for transactional fees, after claims

or payrolls or both have been properly audited and recorded against

the respective contracts, purchase orders, other commitments and

accounts, the Division of Central Accounting and Reporting shall

certify such claims or payrolls to the State Treasurer for payment.

C. Except for ACH debits for transactional fees, it shall be

the responsibility of the Division of Central Accounting and

Reporting to determine that:

1. All material legal requirements concerning the expenditure

of monies involved in each claim or payroll have been complied with;

2. Funds have been properly and legally allotted for the

payment of the claim or payroll; and

3. A sufficient balance exists for the payment of same.

D. The Director of the Office of Management and Enterprise

Services or bonded employees in the Division of Central Accounting

and Reporting authorized by the Director shall certify to the State

Treasurer that the claim or payroll has been approved for payment.

E. 1. The Director of the Office of Management and Enterprise

Services shall be authorized to establish necessary agency

disbursing funds to efficiently accommodate the cash flow

requirements of applicable federal regulations, bond indebtedness

and other directives deemed appropriate by the Director.

2. Agencies operating such disbursing funds are authorized to

establish a preaudit and settlement system for claims or payments or

both relating to the purposes of the stated directives.

3. The State Treasurer shall establish procedures for the state

in accordance with Federal Banking and National Automated Clearing

House Association standards and agencies shall be required to

utilize automated clearing house procedures established by the State

Treasurer.

4. No individual or entity shall be required to have a bank

account unless required by federal law or federal regulation.

5. Agencies shall be further required to present these

transactions to the Office of Management and Enterprise Services in

a summarized format and shall include any accounting information

necessary as determined by the Director of the Office of Management

and Enterprise Services including, but not limited to, information

related to federal law.

6. Administrative expenditures shall not be eligible for these

procedures.

7. The efficiency of the payment system shall be considered

when the interest earnings of the state are not diminished.

F. The Director of the Office of Management and Enterprise

Services shall be authorized to process payments for federal tax

withholding without claim forms. The Director shall establish a

separate fund for the purpose of accumulating federal income tax

withholding from payrolls and remitting same to the United States

Oklahoma Statutes - Title 62. Public Finance Page 105

Treasury. Institutions under the administrative authority of the

Oklahoma State Regents for Higher Education which are responsible

for processing payments for federal tax withholding shall be

authorized to process such payments to the United States Treasury

without claim forms.

G. 1. The Director of the Office of Management and Enterprise

Services shall be authorized to process, without claim forms,

interest payments to the U.S. Treasury as required by federal law.

2. Agencies are responsible for the accrual of such interest

liability of the state and shall provide payment to the Office of

Management and Enterprise Services in the amount and method

prescribed by the Director of the Office of Management and

Enterprise Services.

3. Any liability of the U.S. Treasury as determined by federal

law shall be deposited in the State Treasury and transferred by the

Director of the Office of Management and Enterprise Services to the

General Revenue Fund of the state subsequent to final determination

and necessary audit resolution.

H. Payments disbursed from the State Treasury shall be conveyed

solely through an electronic payment mechanism. The State Treasurer

may provide an exemption from the provisions of this subsection,

with cause, provided the number of exempted payments and a

corresponding list of causes shall be published in a regularly

updated report which is featured prominently on the State

Treasurer's website.

I. Notwithstanding any other provision of the Oklahoma State

Finance Act and subject to any applicable restrictions in the

Oklahoma Constitution, the Director of the Office of Management and

Enterprise Services may establish procedures by which agencies may

contract for, incur and account for transaction-based fees, such as

fees for accepting credit cards, that may be processed by ACH debit

without claim forms, provided the agency has sufficient statutory

authority for purchase. Prior to authorizing ACH debit transactions

without claim forms, state agencies shall provide notice to the

State Treasurer.
Okla. Stat. tit. 62, § 62-57.69 — OK Code / Title 62 / Section 62-57.69
Delivery of bonds upon payment - Deposit and investment
Status: in_force

of proceeds - Interest.

The bonds and interest coupons attached thereto shall be

delivered to the purchaser thereof only upon payment of par and

accrued interest to the date of delivery thereof, together with any

premium bid. The proceeds of the sale of said bonds shall be

deposited in the State Treasury to a fund which is hereby created

and designated the "State of Oklahoma Institutional Building Bonds

of 1965 Fund", where they shall remain subject to disposition to be

provided for by the Legislature of this state, provided that the

State Treasurer, when so directed by the Director of the Office of

Management and Enterprise Services and the Oklahoma State Regents

Oklahoma Statutes - Title 62. Public Finance Page 233

for Higher Education acting on behalf of the governing boards,

according to the funds allocated, as to the amounts available for

investment shall invest said designated amounts of the State of

Oklahoma Institutional Building Bonds of 1965 Fund in direct

obligations of the United States of America or in certificates of

deposits from banks in this state acceptable as depositories by the

State Treasurer when such certificates of deposits are secured by

the acceptable collateral and yield as much as or more than direct

obligations of the United States of America. All such investments of

said monies must be made so that the same shall mature in time to

enable this state to issue warrants for payment of the valid

indebtedness incurred for the purpose for which said bonds are

issued, when the said indebtedness has been incurred pursuant to

legislative authority. The Director of the Office of Management and

Enterprise Services and the Oklahoma State Regents for Higher

Education shall promptly certify to the State Treasurer the amount

of all sums not needed for payment of construction and other legal

expenditures payable from the State of Oklahoma Institutional

Building Bonds of 1965 Fund to meet the construction payment

schedule, and upon receipt of such certification the State Treasurer

shall make the investment specified in this section. All interest

received by the State Treasurer upon the securities referred to in

this section shall be deposited in the State of Oklahoma

Institutional Building Bonds of 1965 Fund.
Okla. Stat. tit. 62, § 62-46 — OK Code / Title 62 / Section 62-46
Short title – Definitions – Development and operation of
Status: in_force

website.

A. This act shall be known and may be cited as the "Taxpayer

Transparency Act".

B. As used in the Taxpayer Transparency Act:

1. "Single website" means a website that allows the public to

access information identified in subsection C of this section

without any fee or charge to the public for such access;

2. "Expenditure of funds" means the disbursement of all state

and federal funds regardless of amount of expenditure, whether

appropriated or nonappropriated, excluding:

a. the transfer of funds between two state agencies,

b. payments of state or federal assistance to an

individual,

c. child support payments, and

d. refunds issued by the Oklahoma Tax Commission

resulting from the overpayment of tax;

3. "Incentive payments" means payments made under the Oklahoma

Quality Jobs Program Act, Saving Quality Jobs Act, Oklahoma Quality

Jobs Incentive Leverage Act, Small Employer Quality Jobs Incentive

Act, Oklahoma Specialized Quality Investment Act and Oklahoma

Quality Investment Act;

4. "Tax credit" means a credit pursuant to the Oklahoma Income

Tax Act against tax liability which is taken by a taxpayer,

excluding credits authorized under paragraphs 1 and 2 of subsection

B of Section 2357 and Sections 2357.29, 2357.29A and 2357.43 of

Title 68 of the Oklahoma Statutes; and

5. "Stimulus funds expenditure" means the disbursement by state

agencies of federal funds received pursuant to the federal American

Recovery and Reinvestment Act of 2009.

C. The Office of Management and Enterprise Services shall

develop and operate a single website accessible by the public. The

website shall include aggregate information on state and federal

revenue, expenditures and incentive payments and information on

state tax preferences as contained in the tax expenditure report

published by the Oklahoma Tax Commission pursuant to subsection E of

Section 205 of Title 68 of the Oklahoma Statutes. The website shall

include search capabilities.

D. Effective January 1, 2011, the Office of Management and

Enterprise Services shall update the website with "Open Books 2.0,"

an expanded online database through which each individual

expenditure shall be listed individually separate of aggregated

amount. The information shall be searchable by term including name

of recipient, entity making expenditure and date of expenditure.

The website shall allow members of the public to export sets of data

produced by search query in a standardized exportable form. No

later than eighteen (18) months after "Open Books 2.0" is online,

Oklahoma Statutes - Title 62. Public Finance Page 173

the Office of Management and Enterprise Services shall create an

online archive for each fiscal year, beginning with Fiscal Year

2011, which shall be accessible and searchable to online users.

E. Such website shall also include, but not be limited to:

1. For the expenditure of funds or incentive payments:

a. the name and principal location of the entity and/or

recipients of the funds, excluding release of

information relating to an individual's place of

residence, release of information prohibited by

subsection D of Section 24A.7 of Title 51 of the

Oklahoma Statutes or by federal law relating to

privacy rights,

b. the amount of funds expended,

c. the type of transaction,

d. the funding or expending agency, and

e. a descriptive purpose of the funding action or

expenditure;

2. For stimulus fund expenditures:

a. a link to the name and principal location of the

entity and/or recipients of the funds regardless of

amount,

b. the amount of stimulus funds expended,

c. the funding or expending agency, and

d. a descriptive purpose of the funding action or

expenditure; and

3. For each state tax credit, information, including but not

limited to:

a. the name of each taxpayer to which a credit has been

granted,

b. the amount of such credit, and

c. the specific provision under which a credit has been

granted.

F. The single website provided for in subsection C of this

section shall include data on state revenue, expenditures and

incentive payments for the fiscal year 2007 and each fiscal year

thereafter, on state tax credits for tax year 2007 and each tax year

thereafter, and on stimulus fund expenditures for the fiscal year

2009 and each fiscal year thereafter. For the fiscal year 2017 and

each fiscal year thereafter, the website shall include data which

track the expenditure of federal funds by program. Such data shall

be available on the single website no later than one hundred twenty

(120) days after the last day of the preceding fiscal year;

provided, data on stimulus fund expenditures for the fiscal year

2009 shall be available on the single website within one hundred

twenty (120) days after June 10, 2010.

G. No later than January 1, 2012, the single website provided

for in subsection C of this section shall include a section specific

Oklahoma Statutes - Title 62. Public Finance Page 174

to data on road funding in this state. This section of the website

shall include but not be limited to historical as well as current

revenue collections and apportionment data on the following:

1. Diesel fuel and gasoline excise tax collected pursuant to

Sections 500.4 and 603 of Title 68 of the Oklahoma Statutes;

2. Gross production tax collected pursuant to Section 1001 of

Title 68 of the Oklahoma Statutes;

3. Motor vehicle collections collected pursuant to Sections 6-

101, 6-114, 14-116 and 1105 et seq. of Title 47 of the Oklahoma

Statutes; and

4. Motor vehicle excise tax collected pursuant to Sections

2103, 2104.3 and 2110 of Title 68 of the Oklahoma Statutes.

H. No later than January 1, 2012, the Office of Management and

Enterprise Services shall include as part of the single website all

spending data subject to publication by the "School District

Transparency Act" in Title 70 of the Oklahoma Statutes.

I. No later than January 1, 2015, the Office of Management and

Enterprise Services shall include as part of the single website an

interactive Oklahoma Taxpayer Receipt function. Such function shall

allow the taxpayer to enter an amount or estimated amount of income

and sales tax paid during the most recent year in order to obtain an

itemized estimate of the percentage and dollar amount of the income

and sales tax paid by the taxpayer which is allocated to various

general categories of state expenditures.

J. The Oklahoma Tax Commission, the Office of the State

Treasurer, all institutions of The Oklahoma State System of Higher

Education and any other state agency shall provide to the Office of

Management and Enterprise Services such information as is necessary

to accomplish the purposes of the Taxpayer Transparency Act.

K. So that the Tax Commission may fulfill its obligations as

required by this section, all recipients of tax credits, as that

term is defined herein, shall file their reports or returns claiming

the tax credits in an electronic format, as may be required by the

Tax Commission. The Tax Commission may disallow any claim of a

person for a tax credit due to its failure to file a report or

return as required under the authority of this subsection.

L. Nothing in the Taxpayer Transparency Act shall require the

disclosure of information which is required to be kept confidential

by state or federal law.

M. The disclosure of information required by this section shall

create no liability whatsoever, civil or criminal, to the State of

Oklahoma or any member of the Office of Management and Enterprise

Services or any employee thereof for disclosure of the information

or for any error or omission in the disclosure.

N. The State Auditor and Inspector shall maintain a website

providing public access to the documentation of stimulus funding

pursuant to the requirements of this section. The website shall

Oklahoma Statutes - Title 62. Public Finance Page 175

provide a list of all stimulus fund expenditures regardless of

amount. The entire list of stimulus fund expenditures and each of

the related content requirements as detailed in subsection D of this

section shall be available for export in standardized formats

including but not limited to eXtensible Markup Language (XML) and

Comma Separated Value (CSV) formats. The list of expenditures shall

include searchable functionality including but not limited to the

ability to search the expenditures by the name of the entity

receiving funding, name of entity processing funding and name of

entity benefiting from funding.

O. Information about tax credits subject to disclosure pursuant

to this section shall include the identity of all taxpayers or

organizations having any part in the chain of custody or claim to

the credit or credits at any time during the credit's existence.
Okla. Stat. tit. 62, § 62-758 — OK Code / Title 62 / Section 62-758
Issuance of combination of bonds
Status: in_force

Any refunding bonds and bonds for any other purpose authorized

by law may, in the discretion of the governing body, be issued

separately or in combination in one or more series by the public

body, subject to the same limitations provided for in subsection C

of Section 4 of this act for combined refunding of two or more

outstanding obligations.

Oklahoma Statutes - Title 62. Public Finance Page 517
Okla. Stat. tit. 62, § 62-57.187 — OK Code / Title 62 / Section 62-57.187
Appropriation
Status: in_force

There is hereby appropriated to the Oklahoma State Regents for

Higher Education from the proceeds of the sale of Series E Bonds,

Section 1, this act, deposited in the State of Oklahoma Building

Bonds of 1968 Fund in the State Treasury the sum of Eighteen Million

Seven Hundred Fifty Thousand Dollars ($18,750,000.00) to be

allocated by the Regents to the constituent institutions comprising

the Oklahoma State System of Higher Education according to the needs

of said institutions for planning and construction, furnishing and

equipping new buildings and for remodeling, modernizing, repairing,

furnishing and equipping existing buildings, and for other capital

additions and improvements. The governing boards of the

Oklahoma Statutes - Title 62. Public Finance Page 274

institutions of higher education are authorized to enter into

necessary contracts and exercise supervision of the expenditure of

funds appropriated by this section. It is the intention of the

Legislature that the Regents shall allocate and the governing board

shall utilize the funds so as to gain the maximum available federal

participation consistent with the priorities of need established by

the Regents.
Okla. Stat. tit. 62, § 62-2022 — OK Code / Title 62 / Section 62-2022
Eligibility to obtain funding
Status: in_force

A. A voluntary association of Oklahoma local governmental

jurisdictions or another legal entity, including a public trust or a

nonprofit corporation or other entity which performs functions for

the benefit of or which exists for the primary benefit of Oklahoma

local governmental jurisdictions and which is not described in

subsection B of this section, shall be eligible to obtain funding

Oklahoma Statutes - Title 62. Public Finance Page 630

for rural hazard mitigation projects as authorized by Section 5 of

this act.

B. A voluntary association of Oklahoma local governmental

jurisdictions containing at least one municipality with a population

in excess of three hundred fifty thousand (350,000) persons

according to the latest Federal Decennial Census shall be eligible

to obtain funding as authorized by Section 5 of this act.

C. The entities described in subsection A or B of this section

and which are eligible for any funds authorized by Section 5 of this

act may make expenditures on behalf of any city or town using funds

deposited to the Oklahoma Disaster Mitigation and Recovery Matching

Fund created by Section 3 of this act.

D. An organization described in subsection A or B of this

section shall be authorized to make payment of funds obtained

pursuant to Section 5 of this act directly to a county if the funds

are used for the benefit of an unincorporated area located within

the county to which payment is made. After the county has provided

a request to an organization described in subsection A or B of this

section for funds to benefit an unincorporated area of the county,

together with a statement that the county has conducted a review of

the needs of unincorporated areas located within the county and that

the funding requested is consistent with the evaluation of

priorities for funds by the county, the funds requested may be paid

to the county. Any funds paid to a county pursuant to the

provisions of this subsection shall be expended by the county

exclusively for the purpose identified in the request and as

required by the provisions of this act.

E. No county to which funds are paid pursuant to the provisions

of subsection D of this section shall be liable to any person or

other legal entity for damages arising out of any condition, act,

omission, or other cause alleged to have arisen as a result of a

project upon which funds expended pursuant to the authority of

subsection D of this section were paid to the county.
Okla. Stat. tit. 62, § 62-896.1 — OK Code / Title 62 / Section 62-896.1
Local government website - Notice after approval of
Status: in_force

bonds or other indebtedness.

A. At least thirty (30) days after the approval for a vote on a

bond or other evidence of indebtedness to be issued by the local

government entities described in subsection C of this section, the

governing board of such entity shall cause to be published on that

local government website:

1. A description of the projects or assets that will be

acquired, improved or repaired with the proceeds from the issuance

of the bonds;

2. A description of any unpaid or unfinished bond approved by

the voters of that jurisdiction preceding the date of the vote on

the bonds to be issued; and

3. A detailed description of the use of the previous bond

proceeds. If the bond proceeds were used to acquire or improve real

property, the description shall include a physical address using a

street number or some other method by which the location of the

property can be identified.

B. If the local government entity does not have a website, then

it shall make the information accessible through some other method

using the Internet to persons who reside in the geographic area of

the local government entity. Should there be no reasonable method

as described in this section, the entity shall cause the information

to be published at least once in a newspaper of general circulation

in the geographic area in which the voters of the local government

jurisdiction reside.

Oklahoma Statutes - Title 62. Public Finance Page 608

C. The provisions of subsection A of this section shall be

applicable to any bond or other evidence of indebtedness the

repayment of which requires either a sinking fund millage rate

pursuant to Section 26 of Article X of the Oklahoma Constitution, or

bonds issued pursuant to the authority of Section 35 of Article X of

the Oklahoma Constitution or pursuant to any provisions contained in

any other provision of Article X of the Oklahoma Constitution to the

extent not otherwise specifically identified in this section, which

shall include:

1. Counties;

2. Cities;

3. Towns;

4. Common school districts;

5. Career technology districts;

6. Emergency Medical Service Districts; and

7. Solid waste management districts.

D. The provisions of this section shall not be applicable to

obligations issued by a trust organized pursuant to the provisions

of Section 176 et seq. of Title 60 of the Oklahoma Statutes.
Okla. Stat. tit. 62, § 62-397 — OK Code / Title 62 / Section 62-397
Levy of taxes - Sinking fund - Penalty for neglect or
Status: in_force

refusal.

In every instance in which any county, city, town, township, the

board of education of any city, or any school district shall issue

bonds under Sections 391 et seq. of this title, it shall be the

imperative duty of the proper officers to provide annually, at the

time of providing for the levy of other taxes, for a tax sufficient

in amount to pay the interest upon said bonds or the coupons as they

become due, and to create a sinking fund, as provided for in this

article, for the payment of the principal of such bonds; and if such

officers fail or neglect to provide for such levy, it shall be the

duty of the county clerk forthwith to do so; and in case any such

officer shall neglect or refuse to levy any such tax at the time

aforesaid, and in case any county clerk shall neglect or refuse to

extend such tax upon the tax roll of the county at the proper time,

then and in that case any such officer so neglecting or refusing to

levy or extend such tax shall be severally and individually liable

and shall also be liable upon his official bond to the holder of any

such bond or coupon falling due during the year for which such tax

should have been levied or extended for the full amount thereof as

soon as the same is due, which liability may be enforced in a civil

Oklahoma Statutes - Title 62. Public Finance Page 413

action in the name of such holder; and any such officer so

neglecting or refusing to levy or extend such tax shall also be

deemed guilty of a misdemeanor, and on conviction thereof shall be

fined in an amount equal to the amount which it may be shown should

have been so levied or extended during such year, or imprisoned in

the county jail for a term not less than three (3) nor more than

twelve (12) months.
Okla. Stat. tit. 62, § 62-88.9 — OK Code / Title 62 / Section 62-88.9
Collateralizing funds
Status: in_force

Any funds placed with an eligible lending institution shall be

collateralized in the same manner as deposits of other state funds.
Okla. Stat. tit. 62, § 62-363 — OK Code / Title 62 / Section 62-363
Judgment prohibited until provisions complied with
Status: in_force

No judgment shall be rendered against any municipality by any

court until the provisions of Section 2 hereof, have been fully

complied with. Any judgment rendered in violation of the provisions

of this act shall be void and of no effect.
Okla. Stat. tit. 62, § 62-16 — OK Code / Title 62 / Section 62-16
Bond counsel
Status: in_force

In each instance of the issuance of general obligation or

revenue bonds by the State of Oklahoma or any political subdivision

thereof, or by any trust or other agency on behalf of any such

entity, the issuer may be represented by bond counsel. Such bond

counsel is prohibited from representing or receiving compensation

from underwriters or the purchasers of the bonds for the same

issuance. However, said opinions by bond counsel may be addressed

to and furnished to the underwriters and purchasers as long as no

additional compensation is paid.
Okla. Stat. tit. 62, § 62-874 — OK Code / Title 62 / Section 62-874
Establishment of incentive district - Project plan for
Status: in_force

development or redevelopment – Resolution - Public hearing - Notice.

A. Upon receipt of the approval of the Executive Director of

the Oklahoma Housing Finance Agency as provided in subsection C of

Section 4 of this act, the governing body may proceed with the

establishment of the district. Before doing so, the governing body

shall adopt a project plan for the development or redevelopment of

housing and public facilities in the proposed district. Such

project plan may include plans for one or more projects, and the

length of any individual project shall not exceed fifteen (15)

years. The project plan shall include, but not be limited to, the

following:

1. The legal description and map required by subsection A of

Section 4 of this act;

2. The existing assessed valuation of the real estate in the

proposed district, listing the land and improvement values

separately;

3. A list of the names and addresses of the owners of record of

all real estate parcels within the proposed district;

4. A description of the housing and public facilities project

or projects that are proposed to be constructed or improved in the

proposed district, and the location thereof;

Oklahoma Statutes - Title 62. Public Finance Page 572

5. A listing of the names, addresses and specific interests in

real estate in the proposed district of the developers responsible

for development of the housing and public facilities in the proposed

district;

6. The contractual assurances, if any, the governing body has

received from such developer or developers, guaranteeing the

financial feasibility of specific housing tax incentive projects in

the proposed district; and

7. A comprehensive analysis of the feasibility of providing

housing tax incentives in the district as provided in the Oklahoma

Rural Housing Incentive District Act, which shows that the public

benefits derived from such district will exceed the costs and that

the income therefrom, together with other sources of funding, will

be sufficient to pay for the public improvements that may be

undertaken in such district. If other sources of public or private

funds are to be used to finance the improvements, they shall be

identified in the analysis.

B. Prior to the adoption of the project plan and designation of

the district, the governing body shall adopt a resolution stating

that the governing body is considering such action. The resolution

shall provide notice that a public hearing will be held to consider

the adoption of the project plan and the designation of the district

and contain the following elements:

1. The date, hour, and place of the public hearing;

2. The contents of paragraphs 1 through 4 of subsection A of

this section;

3. A summary of the contractual assurances by the developer and

comprehensive feasibility analysis as specified in paragraphs 6 and

7 of subsection A of this section; and

4. A statement that the project plan is available for

inspection at the office of the clerk of the municipality or county

during normal business hours; and

5. A statement inviting members of the public to review the

project plan and attend the public hearing on the date announced in

the resolution.

C. The date fixed for the public hearing shall be not less than

thirty (30) nor more than seventy (70) days following the date of

the adoption of the resolution. The resolution shall be published

at least once in a legal newspaper of general circulation in the

municipality or county, with the final publication being not less

than one (1) week or more than two (2) weeks preceding the date

fixed for the public hearing.

D. A certified copy of the resolution shall be delivered to the

planning commission of the municipality or county and the board of

any school district levying taxes on property within the proposed

district. If the resolution is adopted by a municipal governing

body, a certified copy also shall be delivered to the board of

Oklahoma Statutes - Title 62. Public Finance Page 573

county commissioners of the county. If the resolution is adopted by

a county governing body, it also shall be delivered to the governing

body of any municipality located within three (3) miles of such

proposed district.
Okla. Stat. tit. 62, § 62-495 — OK Code / Title 62 / Section 62-495
Legislative intent as to bonds issued to develop industry
Status: in_force

The Legislature expressly states that its intention when

submitting to a popular vote the proposed amendment to Article 10,

Section 35, Oklahoma Constitution, in Senate Joint Resolution No. 12

of the Twenty-eighth Legislature, and its interpretation thereof as

to making a tax levy not to exceed five (5) mills on the dollar on

the bonds issued thereunder to secure and develop industry in the

event the net taxable valuation of the counties or municipalities

declines subsequent to the issuance of such bonds. This

interpretation will assure the investing public that principal and

interest of such bonds will be paid as they come due, and will aid

the marketability of such bonds.
Okla. Stat. tit. 62, § 62-34.28 — OK Code / Title 62 / Section 62-34.28
Accessibility of information technology for individuals
Status: in_force

with disabilities – Undue burden – Rules.

A. The Information Services Division of the Office of

Management and Enterprise Services shall work to assure state

compliance regarding accessibility of information technology for

individuals with disabilities based on the provisions of Section 508

of the Workforce Investment Act of 1998.

B. When developing, procuring, maintaining or using information

technology, or when administering contracts or grants that include

the procurement, development, upgrading, or replacement of

information technology each state agency shall ensure, unless an

undue burden would be imposed on the agency, that the information

technology allows employees, program participants, and members of

the general public access to use of information and data that is

comparable to the access by individuals without disabilities.

C. To assure accessibility, the Information Services Division

shall:

1. Adopt accessibility standards that address all technical

standard categories of Section 508 of the Workforce Investment Act

of 1998 to be used by each state agency in the procurement of

information technology, and in the development and implementation of

custom-designed information technology systems, Web sites, and other

emerging information technology systems;

2. Adopt an accessibility clause which shall be included in all

contracts for the procurement of information technology by or for

the use of state agencies;

3. Establish and implement a review procedure to be used to

evaluate the accessibility of custom-designed information technology

Oklahoma Statutes - Title 62. Public Finance Page 68

systems proposed by a state agency prior to expenditure of state

funds;

4. Review and evaluate accessibility of information technology

commonly purchased by state agencies, and provide accessibility

reports on such products to those responsible for purchasing

decisions;

5. Provide in partnership with Oklahoma Able Tech, the state

assistive technology program located at Oklahoma State University,

training and technical assistance for state agencies to assure

procurement of information technology that meets adopted

accessibility standards;

6. Consult with the State Department of Rehabilitation Services

and individuals with disabilities in accessibility reviews of

information technology and in the delivery of training and technical

assistance;

7. Establish complaint procedures, consistent with Section 508

of the Workforce Development Act of 1998, to be used by an

individual who alleges that a state agency fails to comply with the

provisions of this section;

8. Work with and seek advice from the Electronic and

Information Technology Accessibility Advisory Council, created in

Section 34.30 of this title in developing accessibility standards

and complaint procedures as required in this section; and

9. Require state agencies to submit evidence of assurance of

compliance with state standards on accessibility of information

technology for individuals with disabilities developed in accordance

with this section.

D. The Director of the Office of Management and Enterprise

Services shall promulgate rules, as necessary, to implement the

provisions of this section.
Okla. Stat. tit. 62, § 62-34.61 — OK Code / Title 62 / Section 62-34.61
Commitment or expenditure of federal block grant funds -
Status: in_force

Preconditions.

No state agency shall commit or expend any funds from federal

block grant funds created after June 9, 1995, including, but not

limited to, employment, job training, vocational education,

vocational rehabilitation, adult education or literacy programs

without:

1. Prior authorization;

2. Appropriation of the funds by the Legislature as provided in

Section 23 of Article X of the Oklahoma Constitution; or

3. Other formal expression of legislative intent.
Okla. Stat. tit. 62, § 62-57.25 — OK Code / Title 62 / Section 62-57.25
Refunding bonds
Status: in_force

The Commission may issue bonds hereunder for the purpose of

refunding any obligations issued under the provisions of this act.

Such bonds may either be sold or delivered in exchange for

outstanding obligations. If sold, the proceeds may be either

applied to the payment of the obligations refunded or deposited in

escrow for the retirement thereof. Nothing herein shall be

construed to authorize the refunding of any outstanding obligations

which are not either maturing, or callable for redemption under

their terms, or voluntarily surrendered by their holders for

cancellation, unless the Commission covenants that sufficient funds

to pay all remaining interest and principal payments of outstanding

obligations when due will be placed in escrow for such purpose in

the State Treasury at the time of delivery of and payment for the

new bonds issued hereunder. All bonds issued under this section

shall in all respects be authorized, issued and secured in the

manner provided for other bonds issued under this act, and shall

have all the attributes of such bonds. The Commission may provide

that any such refunding bonds shall have the same priority of

payment and be paid from the same revenues in the manner enjoyed by

the obligations refunded thereby.
Okla. Stat. tit. 62, § 62-4002 — OK Code / Title 62 / Section 62-4002
Oklahoma Centennial Botanical Garden Authority - Bonds
Status: in_force

The Oklahoma Centennial Botanical Garden Authority shall not

issue bonds until such time as the Legislature has determined by

concurrent resolution that sufficient monies will be available to

make payments for the purpose of retiring resulting obligations.
Okla. Stat. tit. 62, § 62-46.3 — OK Code / Title 62 / Section 62-46.3
Transfer of surplus funds accruing to General Revenue
Status: in_force

Fund for 2007.

A. On July 1, 2007, or as soon thereafter as feasible, the

Office of Management and Enterprise Services shall transfer the

following amounts of surplus funds which accrue to the General

Revenue Fund of the State of Oklahoma for the fiscal year ending

June 30, 2007, over and above that which is placed in the

Constitutional Reserve Fund pursuant to Section 23 of Article X of

the Constitution of the State of Oklahoma for the fiscal year ending

June 30, 2007:

1. The first Ten Million Dollars ($10,000,000.00) to the

following entities in order to provide funding for the incremental

revenues necessary to fund the employer contribution rate increases

prescribed by Section 17-108.1 of Title 70 of the Oklahoma Statutes

resulting from the enactment of Enrolled Senate Bill No. 357 of the

1st Session of the 51st Oklahoma Legislature:

a. Six Million Six Hundred Twenty-one Thousand Four

Hundred Sixty-eight Dollars ($6,621,468.00) to the

State Board of Education to transfer to the

appropriate dispensing fund,

b. Two Million Eight Hundred Twenty-one Thousand Ninety-

three Dollars ($2,821,093.00) to the State Regents

Oklahoma Statutes - Title 62. Public Finance Page 178

Revolving Fund (210) of the Oklahoma State Regents for

Higher Education,

c. Five Hundred Thirty-one Thousand Eight Hundred Fifteen

Dollars ($531,815.00) to the State Career Technology

Revolving Fund of the Oklahoma Department of Career

and Technology Education,

d. Two Thousand Nine Hundred Twenty-two Dollars

($2,922.00) to the Oklahoma Department of Corrections

Revolving Fund of the Oklahoma Department of

Corrections,

e. Eleven Thousand Seven Hundred Eighty Dollars

($11,780.00) to the Oklahoma School of Science and

Mathematics Revolving Fund of the Oklahoma School of

Science and Mathematics, and

f. Ten Thousand Nine Hundred Twenty-two Dollars

($10,922.00) to the School for the Blind/Deaf

Revolving Fund (205) for the Department of

Rehabilitation Services;

2. The next Ten Million Dollars ($10,000,000.00) to the State

Emergency Fund;

3. The next Twenty-two Million Dollars ($22,000,000.00) to be

allocated to the following entities for purposes of a teacher salary

increase:

a. Nineteen Million Nine Hundred Fifty-three Thousand One

Hundred Thirty-three Dollars ($19,953,133.00) to the

State Board of Education to transfer to the

appropriate dispensing fund for teacher salary

increases as provided for in Enrolled House Bill No.

1134 of the 1st Session of the Oklahoma Legislature.

These funds shall be distributed in the same manner as

funds appropriated to the State Board of Education for

the financial support of public schools,

b. One Million Seventy-three Thousand Six Hundred Four

Dollars ($1,073,604.00) to the State Board of

Education to transfer to the appropriate dispensing

fund shall be used to implement the Science and

Mathematics Advanced Recruiting Technique Program

which shall provide incentives for the employment of

persons in the common schools of the state who have

advanced degrees in science, mathematics or both such

disciplines,

c. Eight Hundred Forty-five Thousand Seven Hundred

Seventy-eight Dollars ($845,778.00) to the State

Career Technology Revolving Fund of the Oklahoma

Department of Career and Technology Education,

d. Seventy-three Thousand Seven Hundred Twelve Dollars

($73,712.00) to the Department of Corrections

Oklahoma Statutes - Title 62. Public Finance Page 179

Revolving Fund to implement the teacher salary

increase for those employees eligible for such

increase, and

e. Fifty-three Thousand Seven Hundred Seventy-three

Dollars ($53,773.00) to the School for the Blind/Deaf

Revolving Fund (205) for the State Department of

Rehabilitation Services to implement the teacher

salary increase for those employees eligible for such

increase;

4. The next Twenty Million Dollars ($20,000,000.00) to the

State Regents Revolving Fund of the Oklahoma State Regents for

Higher Education for operational expenses within The Oklahoma State

System for Higher Education;

5. The next Sixteen Million Five Hundred Thousand Dollars

($16,500,000.00) to the State Regents Revolving Fund of the Oklahoma

State Regents for Higher Education in order to fund capital

improvements to be allocated as follows:

a. Five Million Five Hundred Thousand Dollars

($5,500,000.00) for the University of Oklahoma,

b. Five Million Five Hundred Thousand Dollars

($5,500,000.00) for Oklahoma State University, and

c. Five Million Five Hundred Thousand Dollars

($5,500,000.00) for the regional universities and two-

year colleges within The Oklahoma State System of

Higher Education;

6. The next Fifteen Million Dollars ($15,000,000.00) to the

Oklahoma Capitol Complex and Centennial Commemoration Commission

Revolving Fund;

7. The next Five Million Five Hundred Thousand Dollars

($5,500,000.00) to the Department of Public Safety Revolving Fund

for a study of the feasibility of implementing a statewide

interoperable communications system and for capital expenditures

necessary to upgrade and maintain the existing statewide emergency

communications system;

8. The next Four Million Dollars ($4,000,000.00) to the State

Regents Revolving Fund of the Oklahoma State Regents for Higher

Education for the construction of a forensics building on the campus

of the University of Central Oklahoma;

9. The next Five Hundred Thousand Dollars ($500,000.00) to the

Research Support Revolving Fund of the Oklahoma Center for the

Advancement of Science and Technology for the purpose of providing

funding for seed capital;

10. The next Six Million Dollars ($6,000,000.00) to the

Research Support Revolving Fund of the Oklahoma Center for the

Advancement of Science and Technology to provide funding for an

Oklahoma Bioenergy Center involving collaborative efforts among

Oklahoma State University, the University of Oklahoma and a private

Oklahoma Statutes - Title 62. Public Finance Page 180

foundation. The amount authorized by this paragraph shall be

allocated equally between the two universities;

11. The next One Million Eight Hundred Thousand Dollars

($1,800,000.00) to the State Regents Revolving Fund of the Oklahoma

State Regents for Higher Education for purposes of capital

expenditures for the Langston University campus if such amount is

utilized to match federal monies available through the United States

Department of Agriculture;

12. The next Two Million Five Hundred Thousand Dollars

($2,500,000.00) to the Rural Fire Equipment Grant Revolving Fund;

13. The next Six Million Five Hundred Thousand Dollars

($6,500,000.00) to the Conservation Commission Infrastructure

Revolving Fund of the Conservation Commission for purposes of

matching funds available through federally authorized programs for

the rehabilitation of flood control structures;

14. The next Five Million Dollars ($5,000,000.00) to the

Private Prison and Halfway House Capacity Development Revolving Fund

for the purposes authorized by Section 561.4 of Title 57 of the

Oklahoma Statutes;

15. The next Five Million Dollars ($5,000,000.00) to the State

Board of Education to transfer to the appropriate dispensing fund

for the Educare Program if the funds are used in connection with a

matching program with a private foundation;

16. The next One Million Dollars ($1,000,000.00) to the

Oklahoma Department of Agriculture, Food, and Forestry to the

Agriculture Revolving Fund for the Justin Whitefield Memorial Youth

Expo Endowment;

17. The next Two Million Dollars ($2,000,000.00) to the

Oklahoma Space Industry Development Authority Revolving Fund for the

construction of a security fence and other capital assets;

18. The next Two Hundred Fifty Thousand Dollars ($250,000.00)

to the Oklahoma Department of Agriculture, Food, and Forestry to the

Agriculture Revolving Fund for equipment expenses of the agriculture

laboratory;

19. The next One Million Dollars ($1,000,000.00) to the

Department of Public Safety Revolving Fund of the Department of

Public Safety for vehicle replacement costs;

20. The next Two Million Dollars ($2,000,000.00) to the School

for the Deaf/Blind Revolving Fund of the State Department of

Rehabilitation Services for capital improvements to the Oklahoma

School for the Deaf and the Oklahoma School for the Blind;

21. The next One Million Two Hundred Thousand Dollars

($1,200,000.00) to the Career Technology Revolving Fund of the

Oklahoma Department of Career and Technology Education for an

aerospace industries training program to be offered at the MetroTech

campus facility;

Oklahoma Statutes - Title 62. Public Finance Page 181

22. The next Two Million Dollars ($2,000,000.00) to the

Department of Mental Health Revolving Fund of the Department of

Mental Health and Substance Abuse Services for the "Smart on Crime"

initiative; and

23. The next Fifty Thousand Dollars ($50,000.00) to the Office

of Juvenile Affairs Revolving Fund of the Office of Juvenile Affairs

for the Oklahoma Statewide Gang Intervention Steering Committee as

created pursuant to Enrolled House Bill No. 1760 of the 1st Session

of the 51st Oklahoma Legislature.

B. The transfers authorized pursuant to the provisions of

paragraphs 1 through 23 of subsection A of this section shall not be

subject to fiscal year 2008 agency category or budget limits.
Okla. Stat. tit. 62, § 62-447 — OK Code / Title 62 / Section 62-447
District court - Application for order authorizing
Status: in_force

transfer - Hearing.

Provided, however, that before any governing body of such city

or town shall make such transfer, application shall be made by such

governing body to the district court of the county for an order

authorizing it so to do. Such application shall be filed in the

office of the clerk of the district court as in other cases, setting

forth briefly, the amount of money in the sinking fund of said city

or town, and the amount of all its outstanding bonds, interest and

judgments, and the amount of the sinking fund that the governing

body wishes to transfer to the general fund of the said city or

town.

Notice of the hearing of said application shall be given by

publication of a notice thereof in a newspaper of general

circulation throughout the county, for two (2) consecutive weekly

issues of such newspaper. Upon the date fixed for the hearing of

said application, any taxpayer, bond, coupon or judgment holder may

appear and contest the same. After hearing, the court shall make an

order as to distribution of said surplus funds, if there be any, any

such order shall be final.
Okla. Stat. tit. 62, § 62-517.4 — OK Code / Title 62 / Section 62-517.4
Deposit of collateral securities or instruments to
Status: in_force

secure public deposits - Determination of market value.

A. A treasurer of a public entity shall require that financial

institutions deposit collateral securities or instruments to secure

the deposits of the public entity in each such institution. The

amount of collateral securities or instruments to be pledged for the

security of public deposits shall be established by the treasurer of

the public entity consistent with the provisions of the Security for

Local Public Deposits Act; provided, such amount shall not be less

than the amount of the deposit to be secured, less the amount

insured.

B. Upon authorization by the treasurer of a public entity, a

financial institution shall place required collateral securities in

a restricted account at a Federal Reserve Bank which serves

Oklahoma, a Federal Home Loan Bank which serves Oklahoma or with

another financial institution located in this state that is not

owned or controlled by the same institution or holding company. The

State Treasurer shall designate a number of such financial

institutions authorized to serve as safekeeping or custodial

institutions. The financial institution depositing collateral

securities shall deliver to the treasurer of the public entity a

power of attorney authorizing the treasurer to transfer or liquidate

the securities in the event of a default, financial failure or

insolvency of a public depository. The State Treasurer must approve

any forms or pledge agreements used by public entities and financial

institutions in securing public deposits of public entities.

C. Securities eligible for collateral shall be valued at market

value. The treasurer shall review and determine the market value of

collateral pledged for security not less than quarterly. The market

Oklahoma Statutes - Title 62. Public Finance Page 446

value of pledged securities shall be provided to the treasurer by

either the financial institution holding the deposit or the

financial institution holding the collateral securities, which

market value must have been obtained from an independent, recognized

and documented source. The State Treasurer shall promulgate rules

to provide for the valuation of collateral if the market value is

not readily determinable. The State Treasurer shall prescribe

reporting requirements and forms for financial institutions to list

collateral securities pursuant to this section.

D. The State Treasurer shall promulgate rules for the

acceptance of collateral instruments described in Section 12 of this

act, to secure deposits of the public entity. Such rules shall

require that sufficient documentation exists to establish that the

provider of the collateral instrument will protect the public entity

in the event of a default, financial failure or insolvency of a

public depository.

E. All securities purchased by a treasurer of a public entity

or held in custody for other departments of the public entity by the

treasurer shall be held in financial institutions not involved in

such transactions and shall not be held by the treasurer or a

broker.
Okla. Stat. tit. 62, § 62-34.31.1 — OK Code / Title 62 / Section 62-34.31.1
Software acquisition requests
Status: in_force

A. For the purposes of this section, "open source software"

means software that guarantees the user of the software use of the

software for any purpose, allows unrestricted access to the

Oklahoma Statutes - Title 62. Public Finance Page 71

respective source code, enables the use of the internal mechanisms

and arbitrary portions of the software with the ability to adapt

them to the needs of the user, provides the freedom to make and

distribute copies of the software, and guarantees the right to

modify the software with the freedom to distribute modifications of

the new resulting software under the same license as the original

software. "Open standards" means specifications for the encoding

and transfer of computer data that is free for all to implement and

use in perpetuity, with no royalty or fee, has no restrictions on

the use of data stored in the format, has no restrictions on the

creation of software that stores, transmits, receives, or accesses

data codified in such way, has a specification available for all to

read, in a human-readable format, written in commonly accepted

technical language, is documented, so that anyone can write software

that can read and interpret the complete semantics of any data file

stored in the data format, allows any file written in that format to

be identified as adhering or not adhering to the format, and

provides that any encryption or obfuscation algorithms are usable in

a royalty-free, nondiscriminatory manner in perpetuity, and are

documented so that anyone in possession of the appropriate

encryption key or keys or other data necessary to recover the

original data is able to write software to access the data.

"Proprietary software" means software that does not fulfill all of

the guarantees provided by open source software.

B. Prior to approving software acquisition requests, the

purchasing entity shall consider whether proprietary or open source

software offers the most cost-effective software solution for the

agency, based on consideration of all associated acquisition,

support, maintenance, and training costs.

C. Whenever possible the Chief Information Officer or

purchasing entity shall avoid approving requests for the acquisition

of products that do not comply with open standards for

interoperability or data storage.
Okla. Stat. tit. 62, § 62-3103 — OK Code / Title 62 / Section 62-3103
See the following versions:
Status: in_force

OS 62-3103v1 (SB 2038, Laws 2024, c. 452, § 127).

OS 62-3103v2 (SB 102, Laws 2024, c. 357, § 1).

OS 62-3103v3 (HB 2687, Laws 2024, c. 361, § 2).
Okla. Stat. tit. 62, § 62-34.11.2 — OK Code / Title 62 / Section 62-34.11.2
Oklahoma State Government 2.0 Initiative - Policies,
Status: in_force

schedules and standards.

A. There is hereby established the Oklahoma State Government

2.0 Initiative.

B. The State Governmental Technology Applications Review Board

shall consider and approve a standardized social media policy for

use by state agencies, boards, commissions and public trusts having

the State of Oklahoma as a beneficiary.

C. The board shall establish open technology standards and a

schedule by which state agencies, boards, commissions and public

trusts having the State of Oklahoma as a beneficiary shall utilize

these standards to provide citizens with web-based interactivity to

Oklahoma Statutes - Title 62. Public Finance Page 43

state government services. Whenever possible these standards shall

match commonly used standards by other government entities.

D. The board shall set a schedule by which state agencies,

boards, commissions and public trusts having the State of Oklahoma

as a beneficiary shall publish and update convenience information

sets which shall be accessible through standardized application

programming interfaces and published in standardized formats

including but not limited to eXtensible Markup Language (XML) and

Comma Separated Value (CSV) formats. The board shall establish

application programming interface standards which enable access to

convenience information sets. The schedule shall place an emphasis

on first making accessible convenience information sets most

commonly requested in open records requests. A directory and link

to all available convenience information sets shall be prominently

featured on the portal system referenced in Section 34.24 of this

title and if possible linked to the data.ok.gov web portal.

E. The board may conduct events and contests to provide

recognition of software application development provided that the

application being recognized utilizes standards established in this

section to the benefit of the citizens of Oklahoma.

F. The board shall establish an application process through

which applicants can request the scheduled implementation of

application programming interfaces, creation of open technology

standards and publication of convenience information sets pursuant

to the provisions of this section. Instructions regarding the

application process shall be prominently featured on the portal

system referenced in Section 34.24 of this title.

G. State agencies, boards, commissions and public trusts having

the State of Oklahoma as a beneficiary shall comply with the

policies, schedules and standards established by this section.

H. The board shall promulgate performance information metrics

and guidelines which shall be used to establish criteria which

govern participation in the "State Government Employee Performance

Transparency Pilot Program". The board shall set a schedule for the

publication of performance information metrics through the

data.ok.gov website.

I. For the purposes of this section, "open technology

standards" are widely accepted standards and mechanisms for the web-

based connectivity and asynchronous communication between software

programs. "Application programming interface" is a standardized

interface enabling a standard form of connectivity between

convenience information sets and software programs, "performance

information metrics" are sets of information which reflect the

performance of state employees and state agencies, and "convenience

information sets" are sets of information which are subject to

public access under the Oklahoma Open Records Act and which do not

contain personally identifiable information.

Oklahoma Statutes - Title 62. Public Finance Page 44
Okla. Stat. tit. 62, § 62-57.91 — OK Code / Title 62 / Section 62-57.91
Judicial approval of series
Status: in_force

The Commission is authorized in its discretion to file an

application with the Supreme Court of Oklahoma for the approval of

any series of bonds to be issued hereunder, and exclusive original

jurisdiction is hereby conferred upon the Supreme Court to hear and

determine each such application. It shall be the duty of the Court

to give such applications precedence over the other business of the

Court and to consider and pass upon such applications and any

protests which may be filed thereto as speedily as possible. Notice

of the hearing on each application shall be given by notice

published in a newspaper of general circulation in the state that on

a day named the Commission will ask the Court to hear its

application and approve the bonds. Such notice shall inform all

persons interested that they may file protests against the issuance

of the bonds and be present at the hearing and contest the legality

thereof. Such notice shall be published one time not less than ten

(10) days prior to the date named for the hearing and the hearing

may be adjourned from time to time in the discretion of the Court.

If the Court shall be satisfied that the bonds have been properly

authorized in accordance with this act and Section 37, Article X, of

the Constitution of Oklahoma, and that when issued they will

constitute valid obligations in accordance with their terms, the

Court shall render its written opinion approving the bonds and shall

fix the time within which a petition for rehearing may be filed. The

decision of the Court shall be a judicial determination of the

validity of the bonds, shall be conclusive as to the State of

Oklahoma, its officers, agents and instrumentalities, and thereafter

the bonds so approved and the revenues pledged to their payment

shall be incontestable in any court in the State of Oklahoma.
Okla. Stat. tit. 62, § 62-57.55 — OK Code / Title 62 / Section 62-57.55
Sale of bonds to State Treasurer
Status: in_force

The State Treasurer of the State of Oklahoma shall purchase from

the commission at a private sale all of said bonds at par as an

investment of the public monies in his possession. The State

Treasurer shall buy, and the commission is authorized and directed

to, sell to the State Treasurer at private sale, as provided in this

section, all of the bonds authorized by this act. All interest

earned by such bonds as are held by the State Treasurer pursuant to

such investment shall, as collected, be paid into the State of

Oklahoma General Fund.
Okla. Stat. tit. 62, § 62-57.121 — OK Code / Title 62 / Section 62-57.121
Purpose
Status: in_force

Oklahoma Statutes - Title 62. Public Finance Page 252

It is hereby declared to be the purpose of this act to vitalize

Section 38, Article X, of the Oklahoma Constitution and to direct

the issuance and sale of general obligation bonds authorized by said

constitutional amendment.
Okla. Stat. tit. 62, § 62-45.2 — OK Code / Title 62 / Section 62-45.2
Definitions
Status: in_force

In this act, “state agency” means a department, board,

commission, or other entity of state government within the Executive

Oklahoma Statutes - Title 62. Public Finance Page 166

Department of the State of Oklahoma, including institutions of

higher education, that:

1. Was created by the Constitution or a state statute with an

ongoing mission and responsibilities;

2. Is not the Office of the Governor or Lieutenant Governor;

and

3. Is not a committee created under state law whose primary

function is to advise an agency.
Okla. Stat. tit. 62, § 62-34.31.2 — OK Code / Title 62 / Section 62-34.31.2
State technology contracts
Status: in_force

Notwithstanding any other section of law, the Chief Information

Officer may allow a public agency to utilize duly awarded state

information technology and telecommunications contracts in lieu of

bidding procedures, if any, otherwise applicable to such purchases

by the public agency. For the purposes of this section the term

"public agency" means a governmental entity specified as a political

subdivision of the state pursuant to The Governmental Tort Claims

Act or a state, county or local governmental entity in its state of

origin.

Oklahoma Statutes - Title 62. Public Finance Page 72
Okla. Stat. tit. 62, § 62-365.2 — OK Code / Title 62 / Section 62-365.2
Certified copy of journal entry - Transmission to
Status: in_force

municipal officers.

Whenever a judgment against a county in this state or any other

municipal subdivision thereof becomes final, the clerk of the court

Oklahoma Statutes - Title 62. Public Finance Page 402

wherein such judgment was rendered, or the administrative law judge

or the administrative agency designated by the State Legislature to

administer the workers' compensation laws of this state, shall

provide without cost a certified copy of the journal entry of such

judgment or the administrative judgment, decision and determination

to the judgment creditor or attorney for the judgment creditor who

shall transmit same to each of the following municipal officers:

1. The clerk or secretary of the municipality defendant;

2. The treasurer of such municipality; and

3. The secretary of the county excise board.
Okla. Stat. tit. 62, § 62-57.15 — OK Code / Title 62 / Section 62-57.15
Intent and purpose
Status: in_force

It is the intent and purpose of this act to vitalize Section 33

of Article X of the Constitution of the State of Oklahoma, adopted

at the special election held for such purpose on the 5th day of

April, 1955, and to invoke and exercise the powers conferred upon

the Legislature thereby.
Okla. Stat. tit. 62, § 62-57.62 — OK Code / Title 62 / Section 62-57.62
Building Bonds Commission as agency - Indebtedness -
Status: in_force

Purposes.

The State of Oklahoma Building Bonds Commission, created by

Title 62, Oklahoma Statutes 1961, Section 57.1 acting for and on

behalf of the State of Oklahoma shall be the agency by and through

which the State of Oklahoma shall incur indebtedness to the extent

of the sum of Fifty-four Million Seven Hundred Fifty Thousand

Dollars ($54,750,000.00) as principal, for the purpose of

constructing new buildings and other capital improvements, and for

equipping, remodeling, modernizing and repairing any and all

existing buildings and capital improvements, and purchase of land,

equipment and furnishings necessary for such new construction or

remodeling, as follows:

Oklahoma Statutes - Title 62. Public Finance Page 226

At the constituent institutions of The Oklahoma State

System of Higher Education

At the institutions under the Department of Mental Health and

6,500,000.00

The Southern Oklahoma Resource Center of Pauls Valley, the Northern

Oklahoma Resource Center of Enid and The Hissom Memorial

Oklahoma Educational Television

150,000.00

150,000.00

Department of Public Health for the Building of Community Social

Service Centers 1,500,000.00

Purchase of Land in and about the Capital Improvement and Zoning

District and Medical Center Improvement Zoning District and for

Public Parks, Veterans Memorial Area and Landscaping 750,000.00
Okla. Stat. tit. 62, § 62-57.111 — OK Code / Title 62 / Section 62-57.111
Judicial approval of Series D Bonds
Status: in_force

The Commission is authorized in its discretion to file an

application with the Supreme Court of Oklahoma for the approval of

the Series D Bonds, and exclusive original jurisdiction is hereby

conferred upon the Supreme Court to hear and determine each such

application. It shall be the duty of the Court to give such

applications precedence over the other business of the Court and to

consider and pass upon such applications and any protests which may

be filed thereto as speedily as possible. Notice of the hearing on

each application shall be given by notice published in a newspaper

of general circulation in the State that on a day named the

Commission will ask the Court to hear its application and approve

the bonds. Such notice shall inform all persons interested that

they may file protests against the issuance of the bonds and be

present at the hearing and contest the legality thereof. Such

notice shall be published one time not less than ten (10) days prior

to the date named for the hearing and the hearing may be adjourned

from time to time in the discretion of the Court. If the court

shall be satisfied that the bonds have been properly authorized in

accordance with this act and Section 37, Article X, of the

Constitution of Oklahoma, and that when issued they will constitute

valid obligations in accordance with their terms, the Court shall

render its written opinion approving the bonds and shall fix the

time within which a petition for rehearing may be filed. The

decision of the Court shall be a judicial determination of the

validity of the bonds, shall be conclusive as to the State of

Oklahoma, its officers, agents and instrumentalities, and thereafter

the bonds so approved and the revenues pledged to their payment

shall be incontestable in any court in the State of Oklahoma.
Okla. Stat. tit. 62, § 62-34.14 — OK Code / Title 62 / Section 62-34.14
Renumbered from § 41.5a-2 of this title by Laws 2009, c
Status: repealed

441, § 64, eff. July 1, 2009. Repealed by Laws 2009, c. 451, § 25,

eff. July 1, 2009.
Okla. Stat. tit. 62, § 62-41.5t.1 — OK Code / Title 62 / Section 62-41.5t.1
Renumbered as § 34.29 of this title by Laws 2009, c
Status: in_force

441, § 64, eff. July 1, 2009.
Okla. Stat. tit. 62, § 62-41.14 — OK Code / Title 62 / Section 62-41.14
Renumbered as § 34.53 of this title by Laws 2009, c
Status: in_force

441, § 64, eff. July 1, 2009.
Okla. Stat. tit. 62, § 62-34.8 — OK Code / Title 62 / Section 62-34.8
Public Information Officer subject to provisions of Merit
Status: in_force

System.

Oklahoma Statutes - Title 62. Public Finance Page 33

The position of Public Information Officer within the Office of

Management and Enterprise Services shall be subject to the

provisions of the Merit System of Personnel Administration

prescribed by the Oklahoma Personnel Act, Section 840-1.1 et seq. of

Title 74 of the Oklahoma Statutes, and the rules promulgated

thereunder.
Okla. Stat. tit. 62, § 62-58 — OK Code / Title 62 / Section 62-58
Study on acquisition of property near electrical generating
Status: in_force

plants for use as industrial parks for firms with high electrical

needs - Acquisition of property - Financing - Report of information

regarding property.

A. The Oklahoma Development Finance Authority is authorized to

fund a study to be conducted by the Oklahoma Department of Commerce

to determine the feasibility of acquiring property in the vicinity

of electrical generating plants where such property could be

developed into industrial parks and where construction and leasing

of manufacturing facilities in such parks could be used to promote

firms with high electrical needs in this state. If such feasibility

study indicates that the acquisition and development of the property

under consideration is likely to be a financially viable project

which will lead to the development of new manufacturing jobs in this

state, any local public trust is authorized to acquire real property

Oklahoma Statutes - Title 62. Public Finance Page 291

located adjacent or in close proximity to, electrical generating

facilities, together with improvements located thereon, for purposes

of developing industrial parks and leasing space therein to

manufacturing concerns or other businesses that use large amounts of

electricity. The public trust may hold title to the real property

and improvements until such time as any obligations issued for this

purpose are retired or defeased and may lease the real property and

improvements to business entities for use as manufacturing

facilities or other businesses that use large amounts of

electricity. Upon final redemption or defeasance of the obligations

created pursuant to this section, title to the real property and

improvements may be transferred from the public trust holding title

to the manufacturing facilities or other businesses that use large

amounts of electricity which are leasing the property.

B. For the purpose of paying the costs for acquisition of the

real property and improvements authorized in subsection A of this

section, the public trust is hereby authorized to borrow monies on

the credit of the income and revenues to be derived from the leasing

of such real property and improvements and, in anticipation of the

collection of such income and revenues, to issue negotiable

obligations for such purpose.

C. The obligations authorized under this section may be sold at

either competitive or negotiated sale, as determined by the public

trust, and in such form and at such prices as may be authorized by

the public trust. The public trust may enter into agreements with

such credit enhancers and liquidity providers as may be determined

necessary to efficiently market the obligations. The obligations

may mature and have such provisions for redemption as shall be

determined by the public trust, but in no event shall the final

maturity of such obligations occur later than thirty (30) years from

the first principal maturity date.

D. Any public trust acquiring real property for the purposes

specified in subsection A of this section shall provide information

to the Oklahoma Department of Commerce about the location of the

property, proximity to the electric generating facility,

improvements, utilities or such other information as the Department

may require to keep a database of such properties for possible

business site location.for firms with high electrical needs - Acquisition of property - Financing - Report of information
Okla. Stat. tit. 62, § 62-45.10 — OK Code / Title 62 / Section 62-45.10
Agency performance reporting mechanisms - Development -
Status: in_force

Procedure.

A. Pursuant to this act, the Director of the Office of State

Finance shall develop processes and procedures to guide state

agencies in preparation of performance reporting metrics to be

published for each cabinet, state agency and statewide and agency-

specific initiatives. These metrics shall account for input, output

and outcome measures and provide benchmarks to which the performance

measures can be compared for evaluation of performance. Metrics

shall include not less than three consistent scales demonstrating

that a performance expectation or benchmark has been achieved,

partially achieved or not achieved. At least one metric shall

demonstrate the cost per person served by the agency.

Oklahoma Statutes - Title 62. Public Finance Page 171

B. State agencies shall provide information as required by the

Director to assist in the development of performance reporting

metrics and benchmarks.

C. Cabinet secretaries and agencies shall provide appropriate

benchmarks against which performance should be compared to determine

the agencies’ success or failure to meet established performance

reporting benchmarks.

D. Performance metrics showing agency and agency program-level

performance shall be published and prominently featured on the state

Internet portal and through the direct domain performance.ok.gov.

This data shall be updated on a regular basis.

E. Performance metrics and standards shall be reviewed and

approved annually.

F. For the purposes of this section, "performance reporting

metrics" shall mean a set of criteria which demonstrates the

quantity and quality of work.
Okla. Stat. tit. 62, § 62-275.1 — OK Code / Title 62 / Section 62-275.1
Human Services warrants and checks - Duplication and
Status: in_force

destruction - Permanent copies maintained.

Oklahoma Statutes - Title 62. Public Finance Page 362

All warrants or checks issued by the Commission for Human

Services and the State Treasurer, in payment of assistance to the

needy, aged persons, blind or dependent children, shall be

microfilmed or duplicated in a manner acceptable to the Archives and

Records Commission, provided further that the Department of Human

Services is hereby authorized and directed to destroy said warrants,

by burning, shredding, chemical process or any other method which

will insure the complete destruction thereof, after microfilm or

other copies are made thereof. Any redeemed warrant or check that

has been microfilmed, imaged or duplicated in a manner acceptable to

the Archives and Records Commission shall be destroyed after a

period of time consistent with banking industry standards for

checks. The Archives and Records Commission, with the assistance of

the State Treasurer, shall survey financial institutions to

determine the industry standard for retention of paper checks after

they have been duplicated in a manner consistent with federal law

and industry practice. Such survey shall include the industry

standard or federal law for retention of duplicated checks.
Okla. Stat. tit. 62, § 62-34.29 — OK Code / Title 62 / Section 62-34.29
Definitions
Status: in_force

As used in Sections 34.28 through 34.30 of this title:

1. "Accessibility" means compliance with nationally accepted

accessibility and usability standards, such as those established in

Section 508 of the Workforce Investment Act of 1998;

Oklahoma Statutes - Title 62. Public Finance Page 69

2. "Individual with disabilities" means any individual who is

considered to have a disability or handicap for the purposes of any

federal or Oklahoma law;

3. "Information technology" means any electronic information

equipment or interconnected system that is used in the acquisition,

storage, manipulation, management, movement, control, display,

switching, interchange, transmission, or reception of data or

information, including audio, graphic, and text;

4. "State agency" means any office, officer, bureau, board,

counsel, court, commission, institution, unit, division, body or

house of the executive or judicial branches of the state government,

whether elected or appointed, excluding political subdivisions of

the state. State agency shall include the Oklahoma State Regents

for Higher Education, the institutions, centers, or other

constituent agencies of The Oklahoma State System of Higher

Education, the State Board of Career and Technology Education and

Technology Center school districts; and

5. "Undue burden" means significant difficulty or expense,

including, but not limited to, difficulty or expense associated with

technical feasibility.
Okla. Stat. tit. 62, § 62-41.7b — OK Code / Title 62 / Section 62-41.7b
Renumbered as § 34.2 of this title by Laws 2009, c. 441,
Status: in_force

§ 64, eff. July 1, 2009.
Okla. Stat. tit. 62, § 62-34.27 — OK Code / Title 62 / Section 62-34.27
State Governmental Technology Applications Review Board
Status: in_force

Oklahoma Statutes - Title 62. Public Finance Page 66

A. There is hereby established the State Governmental

Technology Applications Review Board. The Board shall be composed

of the following members:

1. The Director of the Office of Management and Enterprise

Services or a designee;

2. Four representatives from different state agencies, boards,

commissions, or authorities to be appointed by the Governor, at

least one of which shall be employed by a law enforcement agency;

3. Two members who are not state government employees to be

appointed by the Speaker of the House of Representatives; and

4. Two members who are not state government employees to be

appointed by the President Pro Tempore of the Senate.

B. Members of the Board shall serve for terms of two (2) years.

The Board shall select a chair from among its members.

C. Members of the Board shall not receive compensation for

serving on the Board, but shall be reimbursed for travel expenses

incurred in the performance of their duties by their respective

agencies or appointing authority in accordance with the State Travel

Reimbursement Act.

D. Notwithstanding any other section of law, any member of the

Board attending a meeting via teleconference shall be counted as

being present in person and shall count toward the determination of

whether a quorum of the Board is present at the meeting.

E. The Board shall have the duty and responsibility of:

1. Reviewing for approval all convenience fees and merchant

fees as defined in Section 34.25 of this title and changes in

convenience fees and merchant fees charged by state agencies,

boards, commissions, or authorities;

2. Monitoring all portal systems and applications for portal

systems created by state agencies, boards, commissions, or

authorities, reviewing portal systems applications approved or

denied by the Information Services Division of the Office of

Management and Enterprise Services, and making recommendations to

the Legislature and Governor to encourage greater use of the open-

systems concept as is defined in Section 34.26 of this title;

3. Granting an exemption for a specific license or permit to a

state agency from the requirements of Section 34.24.1 of this title.

The exemption shall be limited in time as warranted by the

circumstances. The Board shall grant the exemption only if

presented compelling evidence that the issuance of the license or

permit requires the provision of information that cannot be provided

through an online licensing or permitting process and that the

failure of the applicant to provide the information would create a

significant risk to the integrity of the license or permit. The

exemption provided for in this paragraph shall not apply to license

renewals pursuant to the Oklahoma Vehicle License and Registration

Act;

Oklahoma Statutes - Title 62. Public Finance Page 67

4. Providing ongoing oversight of implementation of the plan of

action developed by the Chief Information Officer pursuant to

Section 34.11.1 of this title and approving any amendments to the

plan of action;

5. Approving charges to state agencies established by the

Information Services Division pursuant to Section 35.5 of this title

for shared services as defined in Section 35.3 of this title;

6. Functioning in an advisory capacity to the Chief Information

Officer; and

7. Approving a plan by which public elementary and secondary

schools of the state may recover the cost of instructional

technology resources issued by the schools.
Okla. Stat. tit. 62, § 62-41.5.1 — OK Code / Title 62 / Section 62-41.5.1
Renumbered as § 34.11.1 of this title by Laws 2009, c
Status: in_force

451, § 24, eff. July 1, 2009.