Okla. Stat. tit. 11, § 11-38-118
This is the official text of Okla. Stat. tit. 11, § 11-38-118, 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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Personal interest of public officials or employees in
Official statutory text
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
Oklahoma Statutes - Title 11. Cities and Towns Page 424
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.
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
Oklahoma Statutes - Title 11. Cities and Towns Page 424
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.
Status: in_force · Read it on the official government site
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