Okla. Stat. tit. 62, § 62-2011
This is the official text of Okla. Stat. tit. 62, § 62-2011, part of Oklahoma’s Stat. tit. 62, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 62,." Browse the sections below, each linked to its official government source.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
Administrative expenses not to be paid from Rural
Official statutory text
Economic Action Plan funds - Treble damages - Initial planning
expenditures.
A. Except as otherwise provided by subsection C of this
section, the funds available pursuant to the provisions of Section
2006 of this title shall not be used to pay any administrative
expenses of the entity requesting the funds. The Oklahoma
Department of Commerce shall monitor expenditures made pursuant to
the Rural Economic Action Plan Act to ensure compliance with the
provisions of this section. Such funds shall be audited by the
State Auditor and Inspector in the manner provided by law for audits
of other state funds. Misuse of funds by an entity shall disqualify
the entity from further funding for a period of one (1) year from
the date as of which any report by the Oklahoma Department of
Commerce is issued revealing a violation of the requirements of this
section.
B. Except for funds authorized by subsection C of this section,
an entity which violates the provisions of this section shall be
liable to the State of Oklahoma for treble the amount of funds
identified as having been impermissibly used for the payment or
reimbursement of administrative expenses. The payment shall be made
to the Oklahoma Department of Commerce for deposit in the Rural
Oklahoma Statutes - Title 62. Public Finance Page 628
Economic Action Plan Fund and such funds shall become available for
distribution as otherwise provided by Section 2001 et seq. of this
title except that no such funds shall be paid to an entity which has
been required to make the treble damage payment.
C. Upon verification by the Oklahoma Department of Commerce
that an entity is qualified to receive funds for a purpose
authorized by this section, the entity shall be eligible for an
initial planning expenditure payment of not to exceed five percent
(5%) of the amount contained in the account created for the entity
pursuant to Section 2006 of this title.
expenditures.
A. Except as otherwise provided by subsection C of this
section, the funds available pursuant to the provisions of Section
2006 of this title shall not be used to pay any administrative
expenses of the entity requesting the funds. The Oklahoma
Department of Commerce shall monitor expenditures made pursuant to
the Rural Economic Action Plan Act to ensure compliance with the
provisions of this section. Such funds shall be audited by the
State Auditor and Inspector in the manner provided by law for audits
of other state funds. Misuse of funds by an entity shall disqualify
the entity from further funding for a period of one (1) year from
the date as of which any report by the Oklahoma Department of
Commerce is issued revealing a violation of the requirements of this
section.
B. Except for funds authorized by subsection C of this section,
an entity which violates the provisions of this section shall be
liable to the State of Oklahoma for treble the amount of funds
identified as having been impermissibly used for the payment or
reimbursement of administrative expenses. The payment shall be made
to the Oklahoma Department of Commerce for deposit in the Rural
Oklahoma Statutes - Title 62. Public Finance Page 628
Economic Action Plan Fund and such funds shall become available for
distribution as otherwise provided by Section 2001 et seq. of this
title except that no such funds shall be paid to an entity which has
been required to make the treble damage payment.
C. Upon verification by the Oklahoma Department of Commerce
that an entity is qualified to receive funds for a purpose
authorized by this section, the entity shall be eligible for an
initial planning expenditure payment of not to exceed five percent
(5%) of the amount contained in the account created for the entity
pursuant to Section 2006 of this title.
Status: in_force · Read it on the official government site
Need a lawyer in Oklahoma?
Find a Oklahoma lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.