Okla. Stat. tit. 3, § 3-520
This is the official text of Okla. Stat. tit. 3, § 3-520, part of Oklahoma’s Stat. tit. 3, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 3,." Browse the sections below, each linked to its official government source.
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Powers and duties of board
Official statutory text
The powers and duties of the Oklahoma Space Industry Development
Authority to carry out the provisions of the Oklahoma Space Industry
Development Act shall be exercised by and through the Board of
Directors. Without limiting the generality of the foregoing, the
Board shall have the power and authority to:
Oklahoma Statutes - Title 3. Aircraft and Airports Page 134
1. Adopt, amend, and repeal rules to carry out the purposes of
the Oklahoma Space Industry Development Act;
2. Execute all contracts and other documents necessary or
desirable to carry out the purposes of the Oklahoma Space Industry
Development Act; provided, the Board may authorize one or more
members of the Board to execute contracts and other documents on
behalf of the Board or the Authority;
3. Hire employees;
4. Contract for the services of attorneys, underwriters or
other financial professionals for the purpose of issuing and
marketing the obligations of the Authority, notwithstanding the
provisions of Section 18c of this title;
5. Engage in the planning for spaceports and the spaceport
system;
6. Execute intergovernmental agreements as provided by law;
7. Establish reserve funds for future Board operations;
8. Enter into agreements for the joint development of
properties necessary or convenient for, the operation of spaceports
and the spaceport system; and
9. Prepare an annual report of operations.
Authority to carry out the provisions of the Oklahoma Space Industry
Development Act shall be exercised by and through the Board of
Directors. Without limiting the generality of the foregoing, the
Board shall have the power and authority to:
Oklahoma Statutes - Title 3. Aircraft and Airports Page 134
1. Adopt, amend, and repeal rules to carry out the purposes of
the Oklahoma Space Industry Development Act;
2. Execute all contracts and other documents necessary or
desirable to carry out the purposes of the Oklahoma Space Industry
Development Act; provided, the Board may authorize one or more
members of the Board to execute contracts and other documents on
behalf of the Board or the Authority;
3. Hire employees;
4. Contract for the services of attorneys, underwriters or
other financial professionals for the purpose of issuing and
marketing the obligations of the Authority, notwithstanding the
provisions of Section 18c of this title;
5. Engage in the planning for spaceports and the spaceport
system;
6. Execute intergovernmental agreements as provided by law;
7. Establish reserve funds for future Board operations;
8. Enter into agreements for the joint development of
properties necessary or convenient for, the operation of spaceports
and the spaceport system; and
9. Prepare an annual report of operations.
Status: in_force · Read it on the official government site
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