Okla. Stat. tit. 62, § 62-854

In addition to any other powers conferred by law, a city, town

or county may exercise any powers necessary to carry out the purpose

of this act, including power to:

1. Establish districts and create plans pursuant to the

provisions of this act;

2. Cause project plans to be prepared, to approve the plans,

and to implement the provisions and effectuate the purposes of the

plans;

3. Cause bonds to be issued by public entities as provided for

in Section 863 of this title;

4. Apportion local taxes or local fees and direct the use of

local taxes and local fees for the purpose provided for in this act.

Pursuant to Section 6C of Article X of the Constitution of the State

of Oklahoma, a direction of apportionment may be prospective and may

continue for one (1) or more years, and apportioned tax increments

may be pledged beyond the current fiscal year to the repayment of

indebtedness of other public entities, notwithstanding the

provisions of Section 26 of Article X of the Constitution of the

State of Oklahoma or any other provisions of law;

5. Enter into any contracts or agreements determined by the

governing body to be necessary or convenient to implement the

provisions and effectuate the purposes of project plans;

6. Receive, from the federal government or the state, loans and

grants for, or in aid of a project and to receive contributions from

any other source to defray project costs;

7. Grant tax incentives or exemptions in the manner provided

for in this act;

8. Acquire by purchase, donation or lease, and own, convey,

lease, mortgage, or dispose of land and other property, real or

personal, or rights or interests therein;

9. Clear and improve property acquired by it pursuant to the

project plan and construct public facilities on it or contract for

the construction, development, redevelopment, rehabilitation,

remodeling, alteration, or repair of the property;

10. Cause parks, playgrounds, or schools, including capital

improvements to public schools, or water, sewer, or drainage

facilities or any other public improvements which it is otherwise

authorized to undertake, to be laid out, constructed, or furnished

in connection with the project;

11. Lay out and construct, alter, relocate, change the grade

of, make specific repairs upon, or discontinue public ways and

construct sidewalks in, or adjacent to, the project area;

Oklahoma Statutes - Title 62. Public Finance Page 545

12. Cause sidewalks, ways for vehicular travel, playgrounds, or

water, sewer, or drainage facilities and similar improvements to be

constructed within the project area for the particular benefit of

the project area or those dwelling or working in it;

13. Adopt ordinances or resolutions or repeal or modify such

ordinances or resolutions or establish exceptions to existing

ordinances and resolutions regulating the design, construction, and

use of buildings;

14. Sell, mortgage, lease, transfer, or dispose of any

property, or interest therein, acquired by it pursuant to the

project plan for development, redevelopment, or rehabilitation in

accordance with the plan, upon such terms and conditions determined

by the governing body to be appropriate for achieving the objectives

of the project plan; provided, in the event of disposition by lease

or sublease to a lessee not entitled to a tax exemption, the

improvements placed thereon shall not be entitled to a tax

exemption;

15. Incur project costs;

16. Designate a public entity to exercise the powers enumerated

in this section, except paragraphs 1, 4 and 7 of this section;

17. Invest project revenues as provided in this act; and

18. Do all things necessary or convenient to carry out the

powers granted in this act and otherwise authorized by the laws of

this state.