reglab/statecodes huggingface dataset:
2023 Oklahoma Statutes › Title 11. Cities and Towns › §11-37-225. Due date of first installment - Payment of assessments - Interest on delinquent installments.

A. The first installment of the assessment, together with interest upon the whole assessment from the date of the passage of the assessing ordinance to the first day of the next September, shall be due and payable in cash on or before the first day of September next succeeding the passage of the assessing ordinance. If the assessing ordinance is not passed prior to the first day of July in any year, the first installment of the assessment shall be due and payable in cash with interest from the date of the passage of the assessing ordinance to the first day of September of the following year.
B. The assessments shall be payable as the several installments become due, together with the interest thereon, to the municipal clerk, who shall give proper receipts for the payments, and credit the payments upon the Assessment Record. In case any installment or interest is not paid when due, the installment so matured and unpaid and the unpaid interest thereon shall draw interest at the rate of twelve percent (12%) per annum from maturity until paid, except as otherwise provided.
Laws 1977, c. 256, § 37-225, eff. July 1, 1978.
2023 Oklahoma Statutes › Title 11. Cities and Towns › §11-37-226. Collection of payments - Bond of clerk - Special fund.

The municipal clerk shall be required to execute a good and sufficient bond, with sureties, and in an amount to be approved by the governing body, payable to the municipality, conditioned for the faithful performance of the duties conferred upon him as collector of the assessments. The municipal clerk shall keep an accurate account of all assessment collections made by him, and shall pay to the municipal treasurer daily the amounts of the assessments collected by him. The amounts so collected and paid to the municipal treasurer shall constitute a separate, special fund to be used and applied to the payment of bonds and the interest coupons which are issued against the assessments. After the payment of all bonds and interest thereon, any surplus remaining in the fund shall be paid to the general fund.
Laws 1977, c. 256, § 37-226, eff. July 1, 1978.
2023 Oklahoma Statutes › Title 11. Cities and Towns › §11-37-227. Delinquent installments - Certification to county treasurer - Collection of taxes and penalties.

The municipal clerk, promptly after the date of maturity of any installment and interest and no earlier than the first day of July and no later than the tenth day of July in each year, shall certify the installment and interest then due to the county treasurer of the county in which the assessed property is located. Once certified to the county treasurer, payment may only be made to the county treasurer except as otherwise provided for in this section. At the time of collection the county treasurer shall collect a fee of Five Dollars ($5.00) for each parcel of property and such fee shall be deposited to the general fund of the county. The county treasurer shall place the installment and interest upon the November delinquent tax list of the same year which is prepared by the county treasurer, and collect the installment and interest as other delinquent taxes are collected. Provided, that no such certification shall be made to the county treasurer unless the city or town clerk shall have sent notice of the nature and amount of the assessment by restricted delivery mail on or before June 1 of said year to the last-known address of the owner of the assessed property. The county treasurer shall collect the installments of assessment, together with interest and penalty, as certified to him by the municipal clerk, but any taxpayer shall have a right to pay his ad valorem taxes to the county treasurer regardless of the delinquency of such assessments. Within thirty (30) days from the receipt of a delinquent assessment, interest and penalty, as collected by the county treasurer, the same shall be paid by the county treasurer to the municipal treasurer for disbursement in accordance with the provisions of Section 37-226 of this title. All payments to the municipal treasurer on account of such assessments shall be certified by him to the municipal clerk for crediting on the Assessment Record.
Added by Laws 1977, c. 256, § 37-227, eff. July 1, 1978. Amended by Laws 1978, c. 196, § 4, eff. July 1, 1978; Laws 2000, c. 82, § 5, eff. Nov. 1, 2000.
2023 Oklahoma Statutes › Title 11. Cities and Towns › §11-37-228. Acceptance of work after completion in accordance with plans.

Upon the completion of the improvement, the governing body shall determine whether or not the work has been completed in accordance with the plans, specifications and contract therefor. If the governing body finds the work to be in compliance, it shall accept the same. When the work is so accepted, the action shall be conclusively binding upon all persons interested and upon the court.
Laws 1977, c. 256, § 37-228, eff. July 1, 1978.
2023 Oklahoma Statutes › Title 11. Cities and Towns › §11-37-229. Issuance of negotiable coupon books.

The municipal governing body may, after the expiration of thirty (30) days from the publication of the assessing ordinance, within which period the whole of any assessment may be paid without interest, provide by resolution for the issuance of bonds. The bonds shall be in the aggregate amount of the assessments then remaining unpaid, bearing date of thirty (30) days after the publication of the assessing ordinance, and be of such denominations as the governing body and the contractor shall determine. The bonds shall in no event become a liability of the municipality issuing the bonds. The bonds shall be payable on or before the first of October next succeeding the September 1 on which the last installment of assessments shall mature. The interest on the bonds shall be at the rate of not to exceed twelve percent (12%) per annum, payable October 1 following the due date of the first installment of assessments, and semiannually thereafter, until maturity, and fifteen percent (15%) per annum after maturity. The bonds shall be designated as Improvement Bonds and shall:
1. Recite the areas for the improvement of which they have been issued;
2. State that they are payable, in cash, from the assessments which have been levied upon the lots and tracts of land benefited by the improvement and from the accumulation of the interest and penalty on the assessments;
3. Designate the place, either within or without Oklahoma, where the bonds and interest shall be payable;
4. Be signed by the mayor and attested by the municipal clerk; and
5. Contain an impression of the corporate seal of the municipality thereon.
Facsimile seals and signatures of the mayor and municipal clerk may be used as provided in the Registered Public Obligations Act of Oklahoma. The bonds shall be issued in series, and the bonds of each series shall be numbered consecutively beginning with number One. The bonds of each series shall be payable, in cash, in their numerical order.
Amended by Laws 1982, c. 9, § 4, emerg. eff. March 15, 1982; Laws 1983, c. 170, § 19, eff. July 1, 1983.
2023 Oklahoma Statutes › Title 11. Cities and Towns › §11-37-230. Registration of bonds.

The Improvement Bonds shall be registered by the clerk of the municipality in a book to be provided for that purpose, and each bond shall bear a certificate of such registration. Upon the books of the treasurer shall be noted the name of the holder of each bond and his address. Any subsequent holder may cause the same to be registered in the name of the holder upon submission of proper proof of ownership. Nothing herein shall prevent the appointment of a registrar, transfer, authenticating, paying or other agent as provided in the Registered Public Obligations Act of Oklahoma for purposes of performing the functions required herein.
Amended by Laws 1983, c. 170, § 21, eff. July 1, 1983.
2023 Oklahoma Statutes › Title 11. Cities and Towns › §11-37-231. Bond payment and cancellation.

The municipality shall have the right to call and pay in numerical order the bonds or any number thereof in the following manner: Whenever there shall be sufficient funds in the hands of the municipal treasurer after the payment of all interest due and to become due within the next six (6) months, the treasurer, on or before March 10 and September 10 of any year, shall give notice by certified mail addressed to the last-registered holder of the bonds called, at the address appearing upon the registry, that there has accumulated funds sufficient to pay the designated bonds, and interest thereon to April 1 next or October 1 next, as the case may be, and directing the presentation of the bond or bonds for payment and cancellation. The bond or bonds which are called will cease to bear interest after April 1 or October 1, as provided in the notice. Upon the payment and cancellation of the bond or bonds, proper entry thereof shall be made upon the books of the clerk and treasurer or appointed agent. Upon the accumulation of sufficient funds as herein provided, the municipal treasurer shall pay the bonds so called and, in the event of failure to do so, he shall be liable for all such damages as may result therefrom. The provisions of this section may be enforced by appropriate proceedings in mandamus against the treasurer.
Amended by Laws 1983, c. 170, § 20, eff. July 1, 1983.
2023 Oklahoma Statutes › Title 11. Cities and Towns › §11-37-232. Delivery of bonds to contractor.

The cash prepayments and the bonds in the amount that may be necessary for the purpose shall be turned over and delivered to the contractor or assigns at par and accrued interest in payment of the amount due in accordance with the terms of the contract, provided that the contractor has paid to the municipal clerk all advertising, engineering, appraising, right-of-way and easements and other costs, including consulting attorneys fees and special attorney and audit fees.
Laws 1977, c. 256, § 37-232, eff. July 1, 1978.
2023 Oklahoma Statutes › Title 11. Cities and Towns › §11-37-233. Right of action of bondholder.

Any holder of any improvement bond issued hereunder shall have the right to institute, in the name of the municipality issuing the bond, an action in the district court in the county in which the property is located to foreclose the lien of the assessments whenever the assessments, or any installment thereof, are delinquent for a period of at least six (6) months. The petition for foreclosure shall generally:
1. State the ownership of the bond;
2. Describe the property assessed;
3. Describe the nature of the improvement;
4. Set forth the amount of the unpaid delinquent assessment or installment and penalty thereon at the rate of twelve percent (12%) per annum; and
5. Pray for the foreclosure of the lien.
Summons shall be issued on the petition as in other civil actions and the cause tried by the district court. Judgment may be entered on the petition for the amount of the unpaid assessment, or installment, together with interest thereon at the rate of twelve percent (12%) per annum from the date the assessment or installment was due and payable up to the date of the filing of the petition, and for the sum of six percent (6%) interest on the judgment computed from the time of filing the petition until the judgment is paid, together with reasonable attorneys fees. If the judgment, together with interest, costs and attorneys fees, is not paid within six (6) months after the date of the rendition thereof, an order of sale shall issue by the clerk of the court, directed to the sheriff of the county, to sell the real estate in the manner and form as for sale of real estate under execution. Upon the payment of the judgment, the amount thereof exclusive of costs and attorneys fees shall be paid to the municipal treasurer for deposit in the separate, special fund to pay outstanding bonds and interest thereon. The judgment shall provide for the sale of the real estate subject to existing general ad valorem taxes. All owners or encumbrancers shall be made parties defendant in the suit. Upon the institution of an action to collect delinquent and unpaid assessments in any improvement district against property liable therefor, no other or further action shall be instituted and maintained to collect such delinquent assessment against the property for that year.
Laws 1977, c. 256, § 37-233, eff. July 1, 1978.
2023 Oklahoma Statutes › Title 11. Cities and Towns › §11-37-234. Limitation on suits to set aside assessments or issuance of bonds.

No suit shall be sustained to set aside any assessment, nor to contest the area of assessment, nor to enjoin the municipal governing body from levying or collecting any such assessment, or installment thereof, or interest or penalty thereon, or issuing the bonds, or providing for their payment, or contesting the validity thereof on any ground, unless such suit shall be commenced not more than fifteen (15) days after the publication of the ordinance levying assessments. After the fifteen-day period has expired, or after the work has been completed and accepted by the municipality, a suit may be brought only for the failure to adopt and publish the resolution declaring the necessity for the improvement, as provided in Sections 37-211 and 37-212 of this title, or for the failure to give notice of the hearing interest or penalty thereon, or issuing the bonds, or providing for their payment, or contesting the validity thereof on any ground, unless such suit shall be commenced not more than fifteen (15) days after the publication of the ordinance levying assessments. After the fifteen-day period has expired, or after the work has been completed and accepted by the municipality, a suit may be brought only for the failure to adopt and publish the resolution declaring the necessity for the improvement, as provided in Sections 37-211 and 37-212 of this title, or for the failure to give notice of the hearing on the assessment roll, as provided in Section 37-220 of this title. In the event any special assessment shall be found to be invalid or insufficient, in whole or in part, for any reason whatever, the governing body at any time, in the manner provided for levying an original assessment, may proceed to cause a new assessment to be made and levied which shall have like force and effect as an original assessment.
Laws 1977, c. 256, § 37-234, eff. July 1, 1978.
2023 Oklahoma Statutes › Title 11. Cities and Towns › §11-37-501. Municipal Road Drilling Activity Revolving Fund.

There is hereby created in the State Treasury a revolving fund for the Oklahoma Department of Transportation to be designated the "Municipal Road Drilling Activity Revolving Fund". The fund shall be a continuing fund, not subject to fiscal year limitations, and shall consist of all monies received by the Oklahoma Department of Transportation from the apportionment of sales tax prescribed by subsection E of Section 1353 of Title 68 of the Oklahoma Statutes. All monies accruing to the credit of said fund are hereby appropriated and may be budgeted and expended by the Oklahoma Department of Transportation for the purposes prescribed by and according to the requirements of Section 3 of this act. 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.
Added by Laws 2022, c. 240, § 2, eff. July 1, 2022.
2023 Oklahoma Statutes › Title 11. Cities and Towns › §11-37-502. Allocation of funds – Application for funds - Eligibility.

A. The monies in the Municipal Road Drilling Activity Revolving Fund shall be allocated by the Oklahoma Department of Transportation only to municipalities having a population of less than fifteen thousand (15,000) persons according to the Federal Decennial Census or most recent population estimate to repair damage to municipal roads caused by or reasonably caused by increased use of such roads resulting from oil or gas drilling activity. The damage may be attributable to traffic associated with exploration and drilling activity, completion of an oil or gas well, production from an oil or gas well, servicing during the period of production, repairs or other necessary activity associated with the drilling or production activity, and other actions necessary for the operation or cessation of drilling or production activities.
B. A municipality seeking funds for distribution pursuant to the provisions of Section 2 of this act and this section shall make application to the Oklahoma Department of Transportation on such forms as may be prescribed by the Department for such purpose. The initial application shall be filed not later than May 1, 2023.
C. A municipality shall be required to provide twenty-five percent (25%) of the total project costs in order to be eligible for distribution of funds from the Municipal Road Drilling Activity Revolving Fund.
D. The Department shall review applications in the order in which they are received and shall make distribution of funds based on analysis of considerations of public safety, volume of traffic which contributes to the need for repairs, and such other factors as the Department may determine to be relevant. The initial distribution of funds shall take place not later than October 1, 2023.
E. If the Department determines that the damage to a road has been caused or reasonably has been caused by increased traffic related to oil and gas drilling or production activity as provided by this section, the Department shall transfer the eligible amount of funds to the municipality for deposit into the municipal general fund or such other public fund as the municipality shall specify in its application.
F. Funds distributed pursuant to the provisions of this section shall only be used by a municipality for the repair of roads according to the requirements of this act and shall not be used to construct a new road unless the damage to an existing road has become extensive enough to require such replacement.
Added by Laws 2022, c. 240, § 3, eff. July 1, 2022.
2023 Oklahoma Statutes › Title 11. Cities and Towns › §11-38-102. Declarations and findings.

It is hereby found and declared that there exists in certain municipalities blighted areas as herein defined which constitute a serious and growing menace, injurious and inimical to the public health, safety, morals and welfare of the residents of said municipalities; that the existence of such areas contributes an economic and social liability imposing onerous burdens which decrease the tax base and reduce tax revenues, substantially impairs or arrests sound urban growth, retards sound economic development, aggravates traffic problems and substantially impairs or arrests the elimination of traffic hazards and the improvement of traffic facilities; and that the prevention and elimination of blight is a matter of state policy and state concern; that the state and such municipalities shall not continue to be endangered by areas which are focal centers of disease, promote juvenile delinquency, and consume an excessive proportion of its revenue because of extra services required for police, fire, accident, hospitalization and other forms of public protection, services and facilities; that by such prevention and elimination, property values will be stabilized and tax burdens more equitably distributed, and the financial and capital resources of the state will be strengthened; that this menace can best be remedied by cooperative participation of private enterprise, municipal governing bodies and public agencies.
It is further found and declared that certain blighted areas, or portions thereof, may require acquisition, clearance, and disposition subject to use restrictions, as provided in this article, since the prevailing conditions of decay may make impracticable the reclamation of the area by conservation or rehabilitation; that the conditions and evils hereinbefore enumerated may be eliminated, remedied or prevented; that the salvable blighted areas can be conserved and rehabilitated through appropriate public action as herein authorized, and the cooperation and voluntary action of the owners and tenants of property in such area.
It is further found and declared that the powers conferred by this article are for public uses and purposes for which public money may be expended and the power of eminent domain and police power exercised; and it is hereby declared that it is a matter of legislative determination that the provisions of this article are enacted in the public interest.
Laws 1977, c. 256, § 38-102, eff. July 1, 1978.
2023 Oklahoma Statutes › Title 11. Cities and Towns › §11-38-103. Workable program for utilization of private and public resources.

A municipality for the purpose of this article shall formulate for its area of operation a workable program for utilizing appropriate private and public resources to eliminate and prevent the development or spread of blight, to encourage needed rehabilitation, to provide for the redevelopment of blighted areas, or to undertake any of these activities or other feasible public activities as may be suitably employed to achieve the objectives of the workable program. The workable program may include, without limitation, provision for: the prevention of the spread of blight into areas of the municipality which are free from blight through diligent enforcement of housing, zoning and occupancy controls and standards; the rehabilitation or conservation of blighted areas or portions thereof by replanning, removing congestion, providing parks, playgrounds and other public improvements, by encouraging voluntary rehabilitation and by compelling the repair and rehabilitation of deteriorated or deteriorating structures; and the clearance and redevelopment of blighted areas or portions thereof.
Laws 1977, c. 256, § 38-103, eff. July 1, 1978.
2023 Oklahoma Statutes › Title 11. Cities and Towns › §11-38-104. Maximum rehabilitation and redevelopment by private enterprise - Public housing facilities.

The Urban Renewal Authority and any municipality, to the greatest extent determined to be feasible in carrying out the provisions of this article, shall afford maximum opportunity, consistent with the sound needs of the municipality as a whole, to the rehabilitation or redevelopment of the urban renewal area by private enterprise. The Urban Renewal Authority and the municipality shall give consideration to this objective in exercising their powers under this article, including the formulation of a workable program, the approval of urban renewal plans (consistent with the general plan of the municipality), and the exercise of its zoning powers, the enforcement of other laws, codes and regulations relating to the use of land and the use and occupancy of buildings and improvements, the disposition of any property acquired, and the provision of necessary public improvements. Nothing herein shall be construed to authorize any municipality or Urban Renewal Authority to construct or operate public housing facilities.
Laws 1977, c. 256, § 38-104, eff. July 1, 1978.
2023 Oklahoma Statutes › Title 11. Cities and Towns › §11-38-105. Authorization by resolution of governing body.

A. No Urban Renewal Authority created by this article shall exercise the authority or powers granted by this article until after the municipal governing body shall have determined by resolution that such action is in the public interest and elects to have the authority or powers exercised by the Urban Renewal Authority if one exists or is subsequently established.
B. No municipality shall exercise the authority granted by this article until after the municipal governing body shall have adopted a resolution finding that:
1. One or more blighted areas exist in its area of operation; and
2. The rehabilitation, conservation or redevelopment, or a combination thereof, of the area or areas is necessary in the interest of the public health, safety, morals and welfare of the residents of the area.
Added by Laws 1977, c. 256, § 38-105, eff. July 1, 1978. Amended by Laws 1994, c. 206, § 2, emerg. eff. May 20, 1994; Laws 2004, c. 42, § 1, eff. Nov. 1, 2004.
2023 Oklahoma Statutes › Title 11. Cities and Towns › §11-38-109. Powers of municipalities or other public bodies.

A. For the purpose of aiding in the planning, undertaking or carrying out of an urban renewal project, a municipality or any other public body may:
1. Cause public buildings and public facilities to be furnished, including parks, playgrounds, recreational, community, educational, water, sewer, or drainage facilities, or any other works which it is otherwise empowered to undertake; furnish, dedicate, close, vacate, pave, install, grade, regrade, plan or replan streets, roads, sidewalks, ways or other places; or make exceptions from building regulations; and cause administrative and other services to be furnished;
2. Accept by gift or otherwise acquire, with or without consideration, title to real property in an urban renewal project area, hold such real property and enter into lease-purchase or other agreements respecting the operation, use, or disposal of such land, with a duly organized urban redevelopment corporation or Urban Renewal Authority. Such lease-purchase or other agreements shall contain such terms and conditions as may be deemed necessary and convenient to the execution of an urban renewal plan; or
3. Appropriate funds for urban renewal purposes.
B. If at any time title to or possession of any real property in an urban renewal project is held by any municipality or public body or governmental agency which is authorized by law to engage in the undertakings, carrying out, or administration of urban renewal projects (including any agency or instrumentality of the United States of America), the provisions of the agreements referred to in this section shall inure to the benefit thereof and may be enforced by such public body or governmental agency.
C. Any sale, conveyance, lease or lease-purchase agreement or agreement provided pursuant to this section may be made by a public body to any other public body without appraisal, public notice, advertisement or public bidding.
D. For the purpose of aiding in the planning, undertaking or carrying out of an urban renewal project hereunder, a municipality or an Urban Renewal Authority or any other public agency, board or body may (in addition to its other powers and upon such terms, with or without consideration, as it may determine) do and perform any or all of the actions or things which such public agencies or public bodies are authorized to do or perform, including the furnishing of financial and other assistance.
E. For the purposes of this section, or for the purposes of aiding in the planning, undertaking or carrying out of an urban renewal project, such municipality may issue and sell its general obligation bonds. Any bonds issued by a municipality pursuant to this section shall be issued in the manner and within the limitations prescribed by laws of this state for the issuance and authorization of bonds by such municipality for public purposes generally.
Laws 1977, c. 256, § 38-109, eff. July 1, 1978.
2023 Oklahoma Statutes › Title 11. Cities and Towns › §11-38-110. Powers of redevelopment corporations or other private persons or corporations.

For the purpose of aiding in the planning, undertaking or carrying out of an urban renewal project, an urban redevelopment corporation or any other private person or corporation may, upon such terms and with or without consideration, as may be determined:
1. Dedicate, sell, convey, or lease any of its interest in any property or grant easements, licenses or other rights or privileges therein to an Urban Renewal Authority, or to a municipality or any other public body or governmental agency or to any private person or corporation;
2. Incur the entire expense, or any portion thereof, of any public improvements necessary to the execution of an urban renewal plan;
3. Do any and all things necessary to aid or cooperate in the planning or carrying out of an urban renewal plan;
4. Lend, grant or contribute funds to an Urban Renewal Authority; or
5. Enter into agreements, including lease-purchase agreements, (which may extend over any period, notwithstanding any provision or rule of law to the contrary) with any municipality, public body or governmental agency including an Urban Renewal Authority, respecting action to be taken pursuant to any of the powers granted by this article, including the furnishing of funds, or other assistance in connection with an urban renewal project.
Laws 1977, c. 256, § 38-110, eff. July 1, 1978.
2023 Oklahoma Statutes › Title 11. Cities and Towns › §11-38-112. Exemption of property from judicial process and taxation.

A. All property of an Urban Renewal Authority, including funds, owned or held by it for the purposes of this article shall be exempt from levy and sale by virtue of an execution, and no execution or other judicial process shall issue against the same nor shall judgment against an Urban Renewal Authority be a charge or lien upon such property; provided, however, that the provisions of this section shall not apply to or limit the right of obligees to pursue any remedies for the enforcement of any pledge or lien given pursuant to this article by an Urban Renewal Authority on its rents, fees, grants or revenues from urban renewal projects.
B. The exercise of powers granted by this article will be in all respects for the benefit of the people of this state, and its political subdivisions, and the municipalities of this state, for the improvement of the public health, safety, morals and general welfare of the people. The activities of an Urban Renewal Authority pursuant to this article constitute an essential governmental function and the property or funds of an Urban Renewal Authority, acquired or held for the purposes of this article, are declared to be public property used for essential public and governmental purposes and such property shall be exempt from all taxes of the state, the county, the municipality or any other political subdivision thereof; provided, that such tax exemption shall terminate when the Urban Renewal Authority sells such property in an urban renewal area to a purchaser who is not a public body entitled to tax exemption with respect to such property; or if such property is leased by the Urban Renewal Authority, then the improvements placed thereon shall not be entitled to such tax exemption. Provided, further, that the Urban Renewal Authority is limited in its authority to acquire property to the acquisition which is necessary in the carrying out of an urban renewal plan.
Laws 1977, c. 256, § 38-112, eff. July 1, 1978.
2023 Oklahoma Statutes › Title 11. Cities and Towns › §11-38-113. Acquisition of property other than by means of eminent domain - Payment of taxes - Excess property.

Whenever the municipal governing body shall have determined by resolution that an area within the municipality is appropriate for an urban renewal project, then, regardless of whether or not an urban renewal plan for such area has been approved under the provisions of this article, the municipality or the Urban Renewal Authority within the municipality may acquire real property at any time within such area by means other than the exercise of the power of eminent domain. In order to qualify for financial assistance from the Federal Government in making such acquisition, and regardless of any other provisions of the laws of the State of Oklahoma, the municipal governing body may assume the responsibility to the Federal Government to bear any loss that may arise as a result of such acquisition in the event the property so acquired is not used for urban renewal purposes because an urban renewal plan for the project area is not approved, or is amended to omit any of the acquired property, or is abandoned for any reason. It is further provided that in the event of an advance acquisition of any improved property as herein provided the Urban Renewal Authority or governing body, as the case may be, acquiring the property shall be responsible for and pay any accruing ad valorem taxes becoming due or owing until such time as the property is incorporated in an approved urban renewal plan or converted to another public use. Any property so acquired shall be subject to all other provisions of this article the same as property otherwise acquired, except that in the event the property so acquired is not used for urban renewal purposes because an urban renewal plan for the project area is not approved, or is amended to omit any of the acquired property, or is abandoned for any reason, the property may be disposed of under such reasonable competitive bidding procedures as the municipal governing body shall prescribe, or such property may be converted to any other public use.
Laws 1977, c. 256, § 38-113, eff. July 1, 1978.
2023 Oklahoma Statutes › Title 11. Cities and Towns › §11-38-116. Notes or other obligations as legal investments.

All banks, trust companies, bankers, savings banks and institutions, building and loan associations, savings and loan associations, investment companies and other persons carrying on a banking or investment business; all insurance companies, insurance associations, and other persons carrying on an insurance business; and all executors, administrators, curators, trustees, and other fiduciaries, may legally invest in sinking funds, moneys, or other funds belonging to them or within their control in any notes or other obligations issued by a municipality or an Urban Renewal Authority pursuant to this article and vested with urban renewal project powers under this article; Provided, that such notes, bonds or other obligations may be secured by an agreement between the issuer and the Federal Government in which the issuer agrees to borrow from the Federal Government and the Federal Government agrees to lend to the issuer, prior to the maturity of such notes, bonds or other obligations, moneys in an amount which (together with any other moneys irrevocably committed to the payment of interest on such notes, bonds or other obligations) will suffice to pay the principal of such notes, bonds or other obligations with interest to maturity thereon, which moneys under the terms of said agreements are required to be used for the purpose of paying the principal and interest of such notes, bonds or other obligations at their maturity. Such notes, bonds and other obligations shall be authorized security for all public deposits. It is the purpose of this section to authorize any persons, political subdivision and officers, public or private, to use any funds owned or controlled by them for the purchase of any such notes, bonds or other obligations. Nothing contained in this section with regard to legal investments shall be construed as relieving any person of any duty of exercising reasonable care in selecting securities.
Laws 1977, c. 256, § 38-116, eff. July 1, 1978.
2023 Oklahoma Statutes › Title 11. Cities and Towns › §11-38-118. Personal interest of public officials or employees in project or property.

No public official or employee of a municipality (or Board or Commission thereof), and no Commissioner or employee of an Urban Renewal Authority which has been vested by a municipality with urban renewal project powers under this article, shall voluntarily acquire any personal interest, direct or indirect, in any urban renewal project, or in any property that is to be acquired or developed with public finance assistance and that is included or planned to be included in any urban renewal project of such municipality or in any contract or proposed contract in connection with such urban renewal project. Where such acquisition is not voluntary, the interest acquired shall be immediately disclosed in writing to the municipal governing body. If such official, Commissioner or employee presently owns or controls, or owned or controlled within the preceding two (2) years, any interest, direct or indirect, in any property which he knows is included or planned to be included in an urban renewal project, he shall immediately disclose this fact in writing to the municipal governing body, and any such officials, Commissioner or employee shall not participate in any action by the municipality (or Board or Commission thereof), or Urban Renewal Authority affecting such property. This section shall not preclude acquisition of a residence, acquisition of any property after issuance of a certificate of completion, or agreement to redevelop in accordance with the objectives of such urban renewal project, provided such official, Commissioner, or employee discloses any actual or prospective interest and does not participate in any official action approving such agreement. The disclosure required to be made by this section to the municipal governing body shall concurrently be made to the Urban Renewal Authority which has been vested with urban renewal project powers by the municipality pursuant to the provisions of this article. No Commissioner or other officer of any Urban Renewal Authority, Board or Commission exercising the powers pursuant to this article shall hold any other public office under the municipality other than his commissionership or office with respect to such Urban Renewal Authority.
Added by Laws 1977, c. 256, § 38-118, eff. July 1, 1978. Amended by Laws 2005, c. 210, § 1, emerg. eff. May 23, 2005; Laws 2008, c. 367, § 7, eff. Nov. 1, 2008.
2023 Oklahoma Statutes › Title 11. Cities and Towns › §11-38-119. Law governing.

Insofar as the provisions of this article are inconsistent with the provisions of any other law, the provisions of this article shall be controlling. The powers conferred by this article shall be in addition and supplemental to the power conferred by any other law.
Laws 1977, c. 256, § 38-119, eff. July 1, 1978.
2023 Oklahoma Statutes › Title 11. Cities and Towns › §11-38-120. Designation of tax increment allocation district.

A. At the time of adoption of an urban renewal plan pursuant to this act, or subsequent thereto, the municipal governing body may designate the urban renewal area to be a tax increment allocation district by either resolution or ordinance.
B. Before a municipality may designate a tax increment allocation district, the municipal governing body shall hold a public hearing thereon, after public notice thereof by publication at least one time not less than fifteen (15) days prior to the date of such public hearing, in a newspaper having general circulation in the area of operation of the municipality, and by posting not less than five public notice signs, each having at least nine (9) square feet of display area, for a period of fifteen (15) successive days including the day of the public hearing for which notice is being given, in the area to be included in the proposed tax increment allocation district. Public notice may be combined with public notice of a hearing on an urban renewal plan or an amendment thereto.
C. Following such hearing, the municipal governing body may designate an urban renewal area to be a tax increment allocation district if it finds that the designation of such district is necessary or desirable in achieving the objectives of one or more urban renewal or urban redevelopment projects.
Added by Laws 1983, c. 310, § 3, eff. Nov. 1, 1983.
2023 Oklahoma Statutes › Title 11. Cities and Towns › §11-38-121. Costs of urban renewal or redevelopment projects and repayment of interest and principal interest on bonds.

Notwithstanding any other statutory provision, it is hereby stated that the costs of undertaking and carrying out urban renewal or urban redevelopment projects and the repayment of interest and principal on bonds issued under this act are valid and lawful objects to which any revenue derived from ad valorem taxes levied under subsection (a) of Section 9 of Article X of the Oklahoma Constitution and not apportioned for the use of school districts under subsection (a) of Section 9 of Article X of the Oklahoma Constitution or Section 2495 of Title 68 of the Oklahoma Statutes, may be applied.
Added by Laws 1983, c. 310, § 4, eff. Nov. 1, 1983.
2023 Oklahoma Statutes › Title 11. Cities and Towns › §11-38-122. Certain documents to be transmitted to county clerk, assessor and treasurer - Valuation of real property.

A. After the designation by the municipal governing body of a tax increment allocation district, the city clerk shall transmit a copy of the description of the district, a copy of the resolution or ordinance designating the district and a map or plat indicating the boundaries of the district to the clerk, assessor and treasurer of the county in which the tax increment allocation district is located. These documents shall be transmitted as promptly as practicable following the designation of the district, but in any event on or before January 1 of the next year following the designation of the district.
B. As soon as possible after the documents referred to in subsection A of this section have been received by the county assessor's office, the county assessor shall assess the value of all real property located in the tax increment allocation district. This assessed valuation, hereinafter referred to as the "base year net assessed valuation", shall be certified to the county clerk and the city clerk on or before July 1 of the next year following the designation of any tax increment allocation district.
Added by Laws 1983, c. 310, § 5, eff. Nov. 1, 1983.
2023 Oklahoma Statutes › Title 11. Cities and Towns › §11-38-123. Apportionment of mileage.

For every year in which tax increment allocations are used by a city or an Urban Renewal Authority, the county excise board shall apportion to the city in which such tax increment allocation district is located, a part of the millage authorized by subsection (a) of Section 9 of Article X of the Oklahoma Constitution. The procedure for apportioning such millage shall be as follows:
1. Upon notice of such use by the city, the county assessor shall reassess the amount of increase from the base year net assessed valuation of real property within a tax increment allocation district and shall certify such amount to the county clerk and the county excise board before July 1 of each year. Such amount, to the extent not already included, shall be added to the net assessed valuation of the tax increment allocation district and the total shall be referred to as the current year net assessed valuation;
2. The county excise board shall then determine the amount to be apportioned. The procedure for determining such amount shall be as follows:
a.
compute the revenue derived from the tax increment allocation district's base year net assessed valuation by multiplying the total millage levied during the prior year against the base year net assessed valuation of the tax increment allocation district,
b.
compute the revenue derived from the tax increment allocation district's current year net assessed valuation by multiplying the total millage levied during the prior year against the current year net assessed valuation of the tax increment allocation district,
c.
compute the incremental tax revenue of the tax increment allocation district subtracting the revenue derived from the base year net assessed valuation from the revenue derived from the current year net assessed valuation, and
d.
divide the incremental tax revenue by the current year net assessed valuation of the city in which the tax increment allocation district is located.
The result represents the amount of millage to be apportioned by the county excise board to the city in which the tax increment allocation district is located;
3. The county excise board shall then apportion such amount to the city, for use for urban renewal and urban redevelopment purposes, in accordance with Section 2495 of Title 68 of the Oklahoma Statutes, provided that in no event shall the apportionment authorized by this section exceed one-half (1/2) mill; and
4. Such allocations with respect to a tax increment allocation district shall terminate upon the expiration of thirty (30) years or such earlier date as may be determined by the municipality.
Added by Laws 1983, c. 310, § 6, eff. Nov. 1, 1983.
2023 Oklahoma Statutes › Title 11. Cities and Towns › §11-39-102. Definitions.

As used in the Improvement District Act, the singular includes the plural and:
1. “Acquired” means the acquisition of property or interests in property by purchase, gift, condemnation or other lawful means;
2. “City” means any city or town incorporated pursuant to the laws of Oklahoma;
3. “Engineer” means a city engineer, city official, employee or other person competent to advise and assist the governing body in planning and making an improvement;
4. “Cost” means any cost necessarily or reasonably incurred in making the improvement, including but not limited to cost of:
a.
preparation of preliminary reports,
b.
preparation of plans and specifications,
c.
preparation and publication of notices of hearings, resolutions, ordinances and other proceedings,
d.
fees and expenses for engineers, attorneys, laborers and other personal services,
e.
rights-of-way, materials and other lawful expenses incurred in making any improvement, and
f.
capitalized interest, funding of reserves, premiums for reserve surety bonds, and obtaining bond insurance, letters of credit or other credit enhancements or liquidity instruments;
5. “District” means an area designated by the governing body to be benefited by an improvement and subjected to payment of special assessments for all or a portion of the cost of the improvement;
6. “Governing body” means the city council, city commission or board of trustees of an incorporated city or town;
7. “Improve” means to construct, reconstruct, maintain, restore, replace, renew, repair, install, equip, extend, purchase, alter or otherwise perform any work which provides a new facility, or enhances, extends or restores the value or usefulness of an existing facility;
8. “Improvement” means any type of improvement made by authority of this Improvement District Act and includes reimprovement of any prior improvement made pursuant to any other act;
9. “Mail” means by first-class mail;
10. “Trustee” means a city acting pursuant to this act;
11. “Street” means any highway, street, alley, boulevard, avenue, right-of-way, public ground, or other public facility, or any part thereof; and
12. “Publish” or “publication” means printing in a newspaper which maintains an office in the city or town and is of general circulation within the city or town, or, if there is no newspaper which maintains an office in the city or town, a newspaper of general circulation within the city or town and in two (2) separate issues thereof, at least seven (7) days apart.
Laws 1978, c. 233, § 2, emerg. eff. April 25, 1978. Amended by Laws 2007, c. 362, § 4, eff. Nov. 1, 2007.