Okla. Stat. tit. 60, § 60-180.56
This is the official text of Okla. Stat. tit. 60, § 60-180.56, part of Oklahoma’s Stat. tit. 60, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 60,." Browse the sections below, each linked to its official government source.
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Pari-mutuel horse racing facility - terms and condition
Official statutory text
for participation by public trust.
A. No public trust as authorized by Section 176 of Title 60 of
the Oklahoma Statutes shall be a party to any agreement for land,
financing or operation of a pari-mutuel horse racing facility in the
State of Oklahoma unless such agreement includes the following terms
and conditions:
1. Said agreement shall indemnify and hold harmless the public
trust from any financial obligation related to land, financing or
operation by organizational license;
2. Said agreement shall include provisions for the payment of
ad valorem property taxes on any improvements and structures on
trust land which would otherwise be subject to ad valorem property
taxation if constructed on privately owned land;
3. Such agreement shall prohibit the use of public trust
financing for construction of any facilities on all land in the
agreement; and
Oklahoma Statutes - Title 60. Property Page 142
4. Said agreement shall require that title to any improvements
must revert to said public trust at the termination of such lease or
agreement.
B. Nothing in this section shall prohibit horse racing at
county fairs as provided by law.
A. No public trust as authorized by Section 176 of Title 60 of
the Oklahoma Statutes shall be a party to any agreement for land,
financing or operation of a pari-mutuel horse racing facility in the
State of Oklahoma unless such agreement includes the following terms
and conditions:
1. Said agreement shall indemnify and hold harmless the public
trust from any financial obligation related to land, financing or
operation by organizational license;
2. Said agreement shall include provisions for the payment of
ad valorem property taxes on any improvements and structures on
trust land which would otherwise be subject to ad valorem property
taxation if constructed on privately owned land;
3. Such agreement shall prohibit the use of public trust
financing for construction of any facilities on all land in the
agreement; and
Oklahoma Statutes - Title 60. Property Page 142
4. Said agreement shall require that title to any improvements
must revert to said public trust at the termination of such lease or
agreement.
B. Nothing in this section shall prohibit horse racing at
county fairs as provided by law.
Status: in_force · Read it on the official government site
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