Title 62 — Title 62 — Public Finance

Sections 1 and 2 of this act shall be known and may be cited as the "State Capital Improvement Planning Act". Added by Laws 1992, c. 330, § 1, emerg. eff. May 28, 1992.

Any person, firm, partnership, corporation, limited partnership, limited liability company or other lawfully recognized entity that is required to make payment of a tax, fee, fine, charge, cost or other expense payable to a state governmental entity or local governmental entity s…

capital plan - Capital budget. A. There is hereby created a Long-Range Capital Planning Commission to advise and assist the Legislature in providing for real property capital facility needs for this state. The Commission shall consist of nine (9) members as follows: 1. Three memb…

A. The Long-Range Capital Planning Commission shall submit an itemized list of the proposed projects set forth in its annual capital plan to the Governor, the President Pro Tempore of the Senate and the Speaker of the House of Representatives within the first seven (7) legislativ…

This act shall be known and may be cited as the "Pay for Success Act". Added by Laws 2019, c. 202, § 1, eff. Nov. 1, 2019.

A. It is the intent of the Legislature, through enactment of the Pay for Success Act, to: 1. Authorize innovation opportunities in the form of pay-for- success contracts and authorize success payments to be made from appropriated or other agency funds; 2. Address outcomes that sp…

As used in the Pay for Success Act: 1. "Pay–for-success contract" or "contract" means a written agreement executed in order to create a public-private partnership contingent upon a specified service or program meeting specified performance targets and outcome measures; and 2. "Su…

A. An agency or agencies may enter into a pay-for-success contract with a private entity or entities to receive up-front capital to fund a service or program. The agency or agencies may not enter into a pay-for-success contract until each state agency head entering into the contr…

A. There is hereby created in the State Treasury a revolving fund for the Office of Management and Enterprise Services to be designated the "Pay for Success Innovation Fund". The fund shall be a continuing fund, not subject to fiscal year limitations, and shall consist of all mon…

Program. A. There is hereby established the Oklahoma State Government Asset Reduction and Cost Savings Program. B. No later than December 31 each year, the Director of the Office of Management and Enterprise Services shall publish a comprehensive report detailing state-owned prop…

Sections 1 through 9 of this act shall be known and may be cited as the "Oklahoma Rural and Affordable Housing Linked Deposit Act". Added by Laws 2002, c. 287, § 1, eff. July 1, 2002.

A. Oklahoma's rural areas suffer from a lack of interim financing for builder-developers of housing in rural areas, inadequate profit incentives for builder-developers, economy of scale problems which work against economics of developing projects consistent with local market need…

As used in the Oklahoma Rural and Affordable Housing Linked Deposit Act: 1. "Eligible rural housing developer" means any individual, partnership, domestic limited liability company, or domestic corporation within the State of Oklahoma which is engaged in the construction, buildin…

The State Treasurer is hereby authorized to disseminate information about the Oklahoma Rural and Affordable Housing Linked Deposit Program to builders, developers and financial institutions in this state. Added by Laws 2002, c. 287, § 4, eff. July 1, 2002.

A. The State Treasurer is hereby authorized to administer the Oklahoma Rural and Affordable Housing Linked Deposit Program. The State Treasurer and the certifying agency shall be exempt from Articles I and II of the Administrative Procedures Act when taking actions pursuant to th…

institutions - Loan restrictions - Review of loan packages. A. The State Treasurer shall provide rural housing linked deposit loan packages upon request to the lending institutions eligible for participation in the Oklahoma Rural and Affordable Housing Linked Deposit Program. B. …

linked deposit agreements. A. The State Treasurer may accept or reject a rural housing linked deposit loan package or any portion thereof, which has been recommended for approval by the certifying agency based on the State Treasurer's evaluation of the eligible rural housing deve…

A. Upon the placement of a rural housing linked deposit with an eligible lending institution, the institution shall fund the loan to each approved eligible rural housing developer listed in the rural housing linked deposit loan package in accordance with the rural housing linked …

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 a…

Sections 3 through 5 of this act shall be known and may be cited as the "Local and Regional Capital Improvement Planning Process Act". Added by Laws 1992, c. 330, § 3, emerg. eff. May 28, 1992.

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, inclu…

planning programs - Local capital improvement plans. A. Each unit of local government, subject to the limitations and requirements of the Local and Regional Capital Improvement Planning Process Act, is encouraged to: 1. Plan for future development, growth, and improvement; and 2.…