Okla. Stat. tit. 40, § 40-4-316
This is the official text of Okla. Stat. tit. 40, § 40-4-316, part of Oklahoma’s Stat. tit. 40, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 40,." Browse the sections below, each linked to its official government source.
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Purchase of real property
Official statutory text
PURCHASE OF REAL PROPERTY. If the Commission determines, to its
satisfaction, that suitable quarters, office space or facilities are
not readily obtainable, the Commission may enter into an agreement
with the board of county commissioners of any county, with any state
agency or public trust, or with any private person or entity, for
the purchase of real property and any improvements or buildings
thereon, for the purpose of providing office space to the
Commission. The Commission shall not enter into any agreement under
the provisions of this section unless one hundred percent (100%)
federal financial participation is obtainable. All such agreements
shall contain provisions regarding the financial participation
therein by the parties to the agreement, the payments made for the
purchase of such property, and the ownership of such real property,
improvements and buildings thereon after payment of the cost of
construction or renovation has been completed. All such provisions
shall be consistent with the requirements necessary for the
Commission to obtain or receive federal funds for such purpose. No
purchase of any building shall occur without approval of the
Legislature.
satisfaction, that suitable quarters, office space or facilities are
not readily obtainable, the Commission may enter into an agreement
with the board of county commissioners of any county, with any state
agency or public trust, or with any private person or entity, for
the purchase of real property and any improvements or buildings
thereon, for the purpose of providing office space to the
Commission. The Commission shall not enter into any agreement under
the provisions of this section unless one hundred percent (100%)
federal financial participation is obtainable. All such agreements
shall contain provisions regarding the financial participation
therein by the parties to the agreement, the payments made for the
purchase of such property, and the ownership of such real property,
improvements and buildings thereon after payment of the cost of
construction or renovation has been completed. All such provisions
shall be consistent with the requirements necessary for the
Commission to obtain or receive federal funds for such purpose. No
purchase of any building shall occur without approval of the
Legislature.
Status: in_force · Read it on the official government site
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