Title 62, Title 62 — Public Finance

accounts - Expenditures. A. The monies appropriated to the Rural Economic Action Plan Fund shall be subject to all of the requirements of Sections 2006 through 2013 of this title. B. In a fiscal year for which the amount appropriated to the Rural Economic Action Plan Fund is less…

Accounts. A. There is hereby established a fund within the State Treasury to be known as the Rural Economic Action Plan Fund, to be administered by the Oklahoma Department of Commerce. The fund shall be a continuing fund not subject to fiscal year limitations. Within the Rural Ec…

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 …

Fund allocation. A. The governing board of an entity described by subsection A or B of Section 2007 of this title shall develop a plan for the use of available funds for the economic development of areas included within its respective jurisdiction. For purposes of this act, "econ…

A. In order for an eligible entity to obtain funds provided for by Section 2006 of this title, the entity shall file the organizational plan required by Section 2008 of this title with the Oklahoma Department of Commerce. B. In order to be filed, the plan shall have first been ap…

No entity which qualifies for funds pursuant to Section 2006 of this title shall be required to provide matching funds or to provide equivalent value in order to obtain available funds or funds for planning expenditures. Added by Laws 1996, c. 193, § 10, eff. July 1, 1996. Amende…

Economic Action Plan funds - Treble damages - Initial planning expenditures. A. Except as otherwise provided by subsection C of this section, the funds available pursuant to the provisions of Section 2006 of this title shall not be used to pay any administrative expenses of the e…

Expenditures from the Rural Economic Action Plan Fund shall be made in the same manner as provided by law for the expenditure of other public funds. Added by Laws 1996, c. 193, § 12, eff. July 1, 1996.

The expenditures from the Rural Economic Action Plan Fund and other expenditures governed by this act, if made in accordance with the requirements of this act, shall be construed as an expenditure of public funds in furtherance of governmental functions and for the purpose of con…

Report. A. For entities obtaining funding pursuant to subsection G of Section 2003 of Title 62 of the Oklahoma Statutes and subsections A and B of Section 2007 of Title 62 the Oklahoma Statutes, each entity shall develop a plan to measure the qualitative effects of projects funde…

A. There is hereby established a fund within the State Treasury to be known as the Oklahoma Disaster Mitigation and Recovery Matching Fund, to be administered by the Oklahoma Department of Commerce. The fund shall be a continuing fund not subject to fiscal year limitations. Withi…

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 …

A. The governing board of an entity described by subsection A or B of Section 4 of this act shall develop a plan for the use of available funds for providing matching amounts as required pursuant to the terms of applicable federal law to obtain federal funds for the prevention of…

The expenditures from the Oklahoma Disaster Mitigation and Recovery Matching Fund and other expenditures governed by this act, if made in accordance with the requirements of this act, shall be construed as an expenditure of public funds in furtherance of governmental functions an…

Exceptions. A. Except as otherwise provided by subsection B of this section, all monies that may come into the State Treasury, pursuant to the provisions of Section 201 et seq. of this title, together with all amounts that may be received by the State Treasurer as investment inco…

Flood Control Act. The State Treasurer of Oklahoma is hereby authorized and required to distribute monies now in his hands, or hereafter received by him under the provisions of Section 7 of the Flood Control Act of Congress, approved August 18, 1941, as amended by 33 U.S.C.A. Sec…

Notice - Protest fund - Suits to recover - Exceptions - Bad faith claims. A. In all cases where it is alleged or claimed that fees or taxes of the state are in whole or in part unconstitutional or otherwise invalid, the aggrieved person shall pay the full amount thereof to the pr…

This act shall be known and may be cited as the "Industrial Facilities Development Act". Added by Laws 1998, c. 252, § 1, eff. Nov. 1, 1998.

As used in this act: 1. "Community" means a county, city, town or unincorporated place located within the State of Oklahoma having a population of less than seven thousand (7,000) persons, according to the latest Federal Decennial Census; 2. "Establishment" means any legally reco…

A. For the purpose of developing, constructing, or improving an industrial facility, a community shall be eligible to apply for a grant from the Industrial Facilities Development Fund through the Oklahoma Department of Commerce. B. In order to be eligible for a grant, the communi…

Maximum amount - Matching funds - Time limit for completion of projects. A. Communities making application for a grant from the Industrial Facilities Development Fund shall use a form to be prescribed by the Oklahoma Department of Commerce. B. The Department shall have a period o…

There is hereby created in the State Treasury a fund for the Oklahoma Department of Commerce to be designated the "Industrial Facilities Development Fund". The fund shall be subject to legislative appropriation and shall consist of all monies received by the Department for the im…

public funds. The expenditures from the Industrial Facilities Development Fund and other expenditures governed by this act, if made in accordance with the requirements of this act, shall be construed as an expenditure of public funds in furtherance of governmental functions and f…

Unless otherwise provided by law, all self-sustaining boards created by statute to regulate and prescribe standards, practices, and procedures in any profession, occupation or vocation shall pay into the General Revenue Fund of the state ten percent (10%) of the gross fees charge…

Any official of either of the boards hereinbefore named who shall fail, neglect or refuse to make and file any report or pay the fees provided for herein shall be deemed guilty of a misdemeanor and in addition thereto shall be removed from his office. Laws 1933, c. 88, p. 160, § …

in. Provided that none of the above-named boards shall maintain any office within the State Capitol Building. Laws 1933, c. 88, p. 160, § 4.

This act shall be known and may be cited as the “Oklahoma Disaster Relief Act”. Added by Laws 1999, c. 382, § 3, eff. July 1, 1999.

In areas of this state that have been declared by the Federal Emergency Management Agency (FEMA) eligible for Public Assistance, state and local governmental entities, and any other entity expending public funds, are hereby authorized to use their employees, property, and other r…

Stabilization Act. This act shall be known and may be cited as the "Oklahoma Disaster Relief Materials Price Stabilization Act". Added by Laws 2013, c. 400, § 2, eff. Nov. 1, 2013.

As used in the Oklahoma Disaster Relief Materials Price Stabilization Act: 1. "Cost to the retailer" means the invoice cost of the merchandise to the retailer or the replacement cost of the merchandise to the retailer, whichever is the lower; less all trade discounts except custo…

A. Notwithstanding the provisions of the Emergency Price Stabilization Act, a retailer or wholesaler shall not, in connection with the advertisement or sale of disaster relief materials: 1. Take advantage of the physical or mental impairment or hardship of a person caused by extr…

A. In addition to the penalties provided by this act, any person injured by any violation, or who shall suffer injury from any threatened violation of this act, may maintain an action in any court of equitable jurisdiction to prevent, restrain or enjoin such violation or threaten…

A. The provisions of this act shall not apply to sales otherwise prohibited by subsections B and C of Section 4 of this act when disaster relief materials are: 1. Sold to relief agencies or for charitable purposes; 2. Sold on contract to departments of the government or governmen…

In establishing the cost of merchandise to the retailer or wholesaler, the invoice cost of such disaster relief materials purchased at a forced, bankrupt, closeout sale, or other sale outside of the ordinary channels of trade, may not be used as a basis for justifying a price low…

Expenditures. A. There is hereby created a fund to be known as the "Oklahoma Tax Commission Fund". There shall be paid to the State Treasurer and placed to the credit of said "Oklahoma Tax Commission Fund", out of collections made by said Commission, the sums of money required to…

Sections 1 through 10 of this act shall be known and may be cited as the "Tobacco Settlement Endowment Trust Fund Act". Added by Laws 2001, c. 274, § 1, emerg. eff. May 31, 2001.

The purpose of the Tobacco Settlement Endowment Trust Fund Act is to further implement the provisions of Section 40 of Article X of the Oklahoma Constitution that: 1. Created the Tobacco Settlement Endowment Trust Fund, the Board of Investors of the Tobacco Settlement Endowment T…

consisting principal. A. Section 40 of Article X of the Oklahoma Constitution created a trust fund to be known as the “Tobacco Settlement Endowment Trust Fund”. The trust fund principal shall consist of the portion of monies which are received by the State of Oklahoma on or after…

Tobacco Settlement Endowment Trust Fund – Terms. A. Appointments to the Board of Investors of the Tobacco Settlement Endowment Trust Fund shall be staggered as provided in this section, pursuant to the provisions of Section 40 of Article X of the Oklahoma Constitution. The initia…

Trust Fund. A. Section 40 of Article X of the Oklahoma Constitution created the Board of Investors of the Tobacco Settlement Endowment Trust Fund. B. The members of the Board of Investors shall receive no salary for serving on the Board. All members shall receive necessary travel…

A. The Board of Investors of the Tobacco Settlement Endowment Trust Fund shall discharge their duties as trustees of the Tobacco Settlement Endowment Trust Fund: 1. With the care, skill, prudence, and diligence, under the circumstances then prevailing, that a prudent person actin…

A. On or before September 1 of each year, the Board of Investors of the Tobacco Settlement Endowment Trust Fund shall determine the earnings of the trust fund for the previous fiscal year ending June 30. In determining earnings, the Board of Investors shall certify an amount whic…

A. Section 40 of Article X of the Oklahoma Constitution created the Board of Directors of the Tobacco Settlement Endowment Trust Fund. B. The members of the Board of Directors shall receive no salary for serving on the Board. All members shall receive necessary travel expenses fo…

A. The Board of Directors of the Tobacco Settlement Endowment Trust Fund shall be empowered to: 1. Appoint an executive director and other staff necessary to perform the duties of the Board of Directors; 2. Make and execute contracts and other instruments necessary or convenient …

A. The Board of Directors of the Tobacco Settlement Endowment Trust Fund shall adopt a budget for each fiscal year after the Board of Directors has been notified by the Board of Investors of the amount of earnings available for distribution. The budget shall be broken out into an…

This act shall be known and may be cited as the "Invest In Oklahoma Act". Added by Laws 2021, c. 309, § 1, eff. Nov. 1, 2021.

A. The State Treasurer shall create an "Invest In Oklahoma" program to provide entities in this state with funds for opportunities to invest in Oklahoma-based private equity funds, venture capital funds, growth funds, and direct investments in Oklahoma companies to the extent all…

The following public entities are encouraged to and may invest up to five percent (5%) of their rolling three (3) year assets under management with the Invest In Oklahoma Program approved venture capital and growth funds as provided in Section 2 of this act: 1. The Board of Inves…

The State Treasurer may promulgate rules and establish processes and procedures as needed to implement and administer the provisions of the Invest In Oklahoma Act, provided such rules, processes, and procedures do not conflict with or contradict directives or limitations establis…

There is hereby created in the State Treasury a special fund to be designated the "Special Cash Fund". Said fund shall be subject to legislative appropriation or transfer as provided by law and shall consist of such monies as the Legislature may direct to be transferred to said f…