Okla. Stat. tit. 62, § 62-891.2
This is the official text of Okla. Stat. tit. 62, § 62-891.2, 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.
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Purpose of act
Official statutory text
The Legislature finds investments for the purpose of economic
development of the State of Oklahoma, including but not limited to
authorized economic development projects for the purpose of
attracting private investment and job creation, public
infrastructure to aid development such as roads, bridges, water
treatment, water storage and water delivery facilities, surface
water management assets, sanitary sewer facilities and related
assets, and other assets owned or maintained by the counties, cities
and towns of the state are essential to a safe and productive
environment for the residents of the state and visitors to the
state. The Legislature further finds that existing fiscal resources
at the local government level are not always sufficient to maintain
the highest possible standards of safety or quality and that it is
an essential function of state government to ensure that critical
infrastructure is constructed, maintained and repaired in conformity
with such highest possible standards. The Legislature finds that
encouraging local governments to cooperate to develop regional
infrastructure and economic development projects will most
economically and efficiently serve the needs of the state’s
citizens. The Legislature finds that the methods of public finance
provided for in the Oklahoma Community Economic Development Pooled
Finance Act are in furtherance of an essential public and state
governmental function.
development of the State of Oklahoma, including but not limited to
authorized economic development projects for the purpose of
attracting private investment and job creation, public
infrastructure to aid development such as roads, bridges, water
treatment, water storage and water delivery facilities, surface
water management assets, sanitary sewer facilities and related
assets, and other assets owned or maintained by the counties, cities
and towns of the state are essential to a safe and productive
environment for the residents of the state and visitors to the
state. The Legislature further finds that existing fiscal resources
at the local government level are not always sufficient to maintain
the highest possible standards of safety or quality and that it is
an essential function of state government to ensure that critical
infrastructure is constructed, maintained and repaired in conformity
with such highest possible standards. The Legislature finds that
encouraging local governments to cooperate to develop regional
infrastructure and economic development projects will most
economically and efficiently serve the needs of the state’s
citizens. The Legislature finds that the methods of public finance
provided for in the Oklahoma Community Economic Development Pooled
Finance Act are in furtherance of an essential public and state
governmental function.
Status: in_force · Read it on the official government site
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