Okla. Stat. tit. 2, § 2-15-143
This is the official text of Okla. Stat. tit. 2, § 2-15-143, part of Oklahoma’s Stat. tit. 2, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 2,." Browse the sections below, each linked to its official government source.
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Lease to Public Trust Authority - Powers and duties of
Official statutory text
Authority.
Oklahoma Statutes - Title 2. Agriculture Page 573
A. The board of county commissioners of any county qualifying,
pursuant to Section 15-142 of this title, may lease the grounds,
buildings, equipment and facilities owned and acquired by the county
for the purpose of conducting annual agricultural and industrial
fairs and expositions to a Public Trust Authority, created pursuant
to the laws of the State of Oklahoma as they relate to public
trusts, for the purposes of managing the grounds, buildings,
equipment and facilities as well as conducting annual agricultural
and industrial fairs and expositions.
B. The Public Trust Authority shall have all rights, powers,
authority, duties and responsibilities which are now or hereafter
provided by general law for public trusts in Oklahoma, pursuant to
Sections 176 through 180.4 of Title 60 of the Oklahoma Statutes, and
the Oklahoma Trust Act, which are not inconsistent with the
provisions of this article.
C. The Trust Authority, with the approval of the county
commission, may issue revenue bonds for not to exceed twenty-five-
year terms in accordance with trust laws of the State of Oklahoma.
D. The trust may sublease any facilities, provided any lease in
excess of two (2) years shall be approved by the board of county
commissioners.
E. Any capital expenditure in excess of One Hundred Thousand
Dollars ($100,000.00) on any project shall not be made without prior
approval of the board of county commissioners.
Oklahoma Statutes - Title 2. Agriculture Page 573
A. The board of county commissioners of any county qualifying,
pursuant to Section 15-142 of this title, may lease the grounds,
buildings, equipment and facilities owned and acquired by the county
for the purpose of conducting annual agricultural and industrial
fairs and expositions to a Public Trust Authority, created pursuant
to the laws of the State of Oklahoma as they relate to public
trusts, for the purposes of managing the grounds, buildings,
equipment and facilities as well as conducting annual agricultural
and industrial fairs and expositions.
B. The Public Trust Authority shall have all rights, powers,
authority, duties and responsibilities which are now or hereafter
provided by general law for public trusts in Oklahoma, pursuant to
Sections 176 through 180.4 of Title 60 of the Oklahoma Statutes, and
the Oklahoma Trust Act, which are not inconsistent with the
provisions of this article.
C. The Trust Authority, with the approval of the county
commission, may issue revenue bonds for not to exceed twenty-five-
year terms in accordance with trust laws of the State of Oklahoma.
D. The trust may sublease any facilities, provided any lease in
excess of two (2) years shall be approved by the board of county
commissioners.
E. Any capital expenditure in excess of One Hundred Thousand
Dollars ($100,000.00) on any project shall not be made without prior
approval of the board of county commissioners.
Status: in_force · Read it on the official government site
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