Okla. Stat. tit. 62, § 62-690.8
This is the official text of Okla. Stat. tit. 62, § 62-690.8, 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.
Membership of Authority - Appointment - Terms - Officers
Official statutory text
- Compensation - Conflict of Interest - Eligibility - Treasurer's
bond.
A. The boards of county commissioners of each member county of
an enterprise district or the governing bodies of each member city
or town of an enterprise district shall appoint, from their
Oklahoma Statutes - Title 62. Public Finance Page 478
respective counties, cities or towns, no more than five (5) persons
to serve as members of the Authority of the enterprise district.
B. Each Authority member shall have been a qualified elector in
the county from which he is appointed for a period of at least three
(3) years next preceding his appointment.
C. The members of any Authority first appointed shall serve
staggered terms. Thereafter, each successor shall serve for a term
of five (5) years, except that any person appointed to fill a
vacancy shall be appointed to only the unexpired term and any member
shall be eligible for reappointment, and no member shall be removed
except for cause.
D. The members of the Authority shall elect a chairman, a vice-
chairman and a treasurer from among its membership. A majority of
the Authority shall constitute a quorum, the affirmative vote of
which shall be necessary for any action taken by the Authority.
E. A member of the Authority shall receive no compensation for
his services, but shall be reimbursed by the political subdivision
which made his appointment for expenses incurred for attending
meetings of the Authority.
F. During his tenure and for three (3) years thereafter, no
member of an Authority shall own or acquire any interest, direct or
indirect, in any facility included or planned to be included in any
project financed through bonds issued pursuant to this act.
G. No person shall be eligible for appointment as a member of
an Authority who has been convicted of a felony.
H. The treasurer of the Authority shall be bonded in the sum of
One Hundred Thousand Dollars ($100,000.00) conditioned upon faithful
performance of duty and true account of money and proper disposition
of all said money.
bond.
A. The boards of county commissioners of each member county of
an enterprise district or the governing bodies of each member city
or town of an enterprise district shall appoint, from their
Oklahoma Statutes - Title 62. Public Finance Page 478
respective counties, cities or towns, no more than five (5) persons
to serve as members of the Authority of the enterprise district.
B. Each Authority member shall have been a qualified elector in
the county from which he is appointed for a period of at least three
(3) years next preceding his appointment.
C. The members of any Authority first appointed shall serve
staggered terms. Thereafter, each successor shall serve for a term
of five (5) years, except that any person appointed to fill a
vacancy shall be appointed to only the unexpired term and any member
shall be eligible for reappointment, and no member shall be removed
except for cause.
D. The members of the Authority shall elect a chairman, a vice-
chairman and a treasurer from among its membership. A majority of
the Authority shall constitute a quorum, the affirmative vote of
which shall be necessary for any action taken by the Authority.
E. A member of the Authority shall receive no compensation for
his services, but shall be reimbursed by the political subdivision
which made his appointment for expenses incurred for attending
meetings of the Authority.
F. During his tenure and for three (3) years thereafter, no
member of an Authority shall own or acquire any interest, direct or
indirect, in any facility included or planned to be included in any
project financed through bonds issued pursuant to this act.
G. No person shall be eligible for appointment as a member of
an Authority who has been convicted of a felony.
H. The treasurer of the Authority shall be bonded in the sum of
One Hundred Thousand Dollars ($100,000.00) conditioned upon faithful
performance of duty and true account of money and proper disposition
of all said money.
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.