Okla. Stat. tit. 11, § 11-24-102
This is the official text of Okla. Stat. tit. 11, § 11-24-102, part of Oklahoma’s Stat. tit. 11, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 11,." Browse the sections below, each linked to its official government source.
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Legislative Findings and Declaration of Necessity
Official statutory text
Legislative Findings and Declaration of Necessity. It is
declared that the provision of adequate, reliable and economic
sources of electrical energy is in the public interest; that there
is a need to establish a means by which municipalities and public
trusts operating municipal electric systems may jointly plan,
finance, own and operate facilities relating to electrical energy
and acquire fuel and other supplies for the generation of electrical
energy through the creation of a power authority in order to achieve
economies and efficiencies not possible for municipalities and
public trusts acting alone; that the joint planning, financing,
ownership and operation of facilities relating to electrical energy,
the acquisition of fuel and other supplies for the generation of
electrical energy and the issuance of revenue bonds as provided
herein is for a public use and serves a valid public purpose; and
that the Legislature finds it necessary and proper to provide a
method for municipalities and public trusts operating municipal
electric systems to jointly plan, finance, develop, own or operate,
Oklahoma Statutes - Title 11. Cities and Towns Page 212
either by themselves or with other public agencies, utilities or
persons, facilities appropriate to the present and projected needs
of such municipalities and public trusts for electrical energy. It
is further declared that the intent of this act is to consider all
methods for the generation of electrical energy and to provide such
energy in the most economical manner available.
declared that the provision of adequate, reliable and economic
sources of electrical energy is in the public interest; that there
is a need to establish a means by which municipalities and public
trusts operating municipal electric systems may jointly plan,
finance, own and operate facilities relating to electrical energy
and acquire fuel and other supplies for the generation of electrical
energy through the creation of a power authority in order to achieve
economies and efficiencies not possible for municipalities and
public trusts acting alone; that the joint planning, financing,
ownership and operation of facilities relating to electrical energy,
the acquisition of fuel and other supplies for the generation of
electrical energy and the issuance of revenue bonds as provided
herein is for a public use and serves a valid public purpose; and
that the Legislature finds it necessary and proper to provide a
method for municipalities and public trusts operating municipal
electric systems to jointly plan, finance, develop, own or operate,
Oklahoma Statutes - Title 11. Cities and Towns Page 212
either by themselves or with other public agencies, utilities or
persons, facilities appropriate to the present and projected needs
of such municipalities and public trusts for electrical energy. It
is further declared that the intent of this act is to consider all
methods for the generation of electrical energy and to provide such
energy in the most economical manner available.
Status: in_force · Read it on the official government site
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