Okla. Stat. tit. 62, § 62-371

A. Except as otherwise provided in this section, no board of

county commissioners, nor city council, nor board of trustees of any

town, nor any district board of any school district in this state,

nor any board of any local subdivision of this state shall make any

contract with any of its members, or in which any of its members

shall be directly or indirectly interested. All contracts made in

violation of this section shall be wholly void.

However, for the purposes of this section, the following shall

not be considered the making of a contract:

1. The depositing of any funds in a bank or other depository;

2. Any contract with a qualified nonprofit Internal Revenue

Code Section 50l(c)(3) organization, except for contracts paying

salaries or expenses or except a contract entered into by a school

district involving the counseling or instruction of students or

staff;

3. Monthly billings submitted to any county or local

subdivision of the state for public utility companies, electric

cooperatives or telephone companies, whose services are regulated by

the Oklahoma Corporation Commission, or billings of the utility

companies, electric cooperatives or telephone companies pertaining

to installations or changes in service, where tariffs for the

charges or billings by the companies are on file with the Oklahoma

Corporation Commission.

In addition, the governing board of a technology center school

district may enter into a contract for the technology center school

district to provide training for a company, individual, or business

concern by which a member of the board is employed. A board member

shall abstain from voting on any such contract between the

technology center school district board and the company, individual,

or business concern by which the member is employed.

B. The provisions of this section shall not apply to:

Oklahoma Statutes - Title 62. Public Finance Page 405

1. Those municipal officers who are subject to Section 8-113 of

Title 11 of the Oklahoma Statutes; or

2. A member of any board of education of a school district or a

director or member of any rural water, sewer, gas and solid waste

management district organized pursuant to Section 1324.1 et seq. of

Title 82 of the Oklahoma Statutes in this state which does not

include any part of a municipality with a population greater than

two thousand five hundred (2,500) according to the latest Federal

Decennial Census when the board member is the only person who owns

or operates a business which is the only business of that type

within ten (10) miles of the corporate limits of the municipality.

However, any activities permitted by this subsection shall not

exceed Five Hundred Dollars ($500.00) for any single activity and

shall not exceed Ten Thousand Dollars ($10,000.00) for all

activities in any calendar year.

C. The provisions of this section shall not apply to

conservation district board members participating in programs

authorized by Section 3-2-106 of Title 27A of the Oklahoma Statutes.

D. Notwithstanding the provisions of this section, any officer,

director or employee of a financial institution may serve on a board

of a public body. Provided, the member shall abstain from voting on

any matter relating to a transaction between or involving the

financial institution in which the member is associated and the

public body in which the member serves.

E. The provisions of this section shall not apply to any board

of county commissioners purchasing motor fuel for exclusive use by

the county from a cooperative agricultural association in which a

member of the board of county commissioners has a financial or

proprietary interest. The county commissioner having a financial or

proprietary interest in the cooperative agricultural association

shall abstain from voting on any such purchase or contract between

the county and the cooperative agricultural association. Except as
the county from a cooperative agricultural association in which a

member of the board of county commissioners has a financial or

proprietary interest. The county commissioner having a financial or

proprietary interest in the cooperative agricultural association

shall abstain from voting on any such purchase or contract between

the county and the cooperative agricultural association. Except as

provided in this subsection, the purchasing procedures required by

law for counties and county officers shall not otherwise be

modified.

F. A member of a board of county commissioners, city council,

board of trustees of any town, district board of any school district

in this state, or of any board of any local subdivision of this

state shall not be considered to be directly or indirectly

interested in any contract with a person or entity that employs such

member or the spouse of the member, if the member or the spouse of

the member has an interest in the employing entity of five percent

(5%) or less.

R.L. 1910, § 6776. Amended by Laws 1971, c. 268, § 1, emerg. eff.

June 17, 1971; Laws 1987, c. 102, § 1, emerg. eff. May 22, 1987;