Okla. Stat. tit. 62, § 62-908

This is the official text of Okla. Stat. tit. 62, § 62-908, 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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Oklahoma State Government Asset Reduction and Cost Savings

Official statutory text

Program.

A. There is hereby established the Oklahoma State Government

Asset Reduction and Cost Savings Program.

B. No later than December 31 each year, the Director of the

Office of Management and Enterprise Services shall publish a

comprehensive report detailing state-owned properties.

C. The report mandated in accordance with the provisions of

this section shall list the five percent (5%) most underutilized

state-owned properties. The report shall describe the value of

properties falling within the description in this subsection, assess

the potential for purchase should the properties be offered for

sale, and describe the impact on local-level tax rolls in the event

the properties are purchased by a nongovernmental entity.

D. The Director of the Office of Management and Enterprise

Services shall promulgate rules establishing procedures by which

each state agency, board, commission, and public trust having the

state as a beneficiary, excluding those otherwise exempted under

Section 327 of Title 61 of the Oklahoma Statutes, shall submit the

necessary data to the Office of Management and Enterprise Services

for the development of this report.

E. State agencies, boards, commissions, and public trusts

having the state as a beneficiary shall comply with procedures

promulgated pursuant to the terms of this section.

F. The report and data collected pursuant to this section shall

be published as a data feed on the data.ok.gov website.

G. In addition to the requirements of subsection C of this

section, the Office of Management and Enterprise Services may make

recommendations for the sale of other state-owned properties based

upon the value of the property and the potential for net gain for

Oklahoma Statutes - Title 62. Public Finance Page 614

the state based upon the data obtained for the Oklahoma State

Government Asset Reduction and Cost Savings Program.

H. There is hereby created the Maintenance of State Buildings

Revolving Fund. The fund shall be a continuing fund, not subject to

fiscal year limitations, and shall serve as the depository for

proceeds from the sale of state-owned properties pursuant to the

Oklahoma State Government Asset Reduction and Cost Savings Program.

The fund shall further consist of monies appropriated thereto and

other funds designated for deposit therein. All monies accruing to

the credit of the fund are hereby appropriated and may be expended

exclusively for maintaining and repairing state-owned properties and

buildings pursuant to the procedures set forth in Section 901.1 of

Title 62 of the Oklahoma Statutes and for acquisition of information

technology tools or resources that state agencies, boards,

commissions, and public trusts having the state as a beneficiary

shall use in carrying out their obligations in accordance with this

act. The total expenditure for information technology resources

shall not exceed One Hundred Thousand Dollars ($100,000.00).

Expenditures from the fund shall be made upon warrants issued by the

State Treasurer against claims filed as prescribed by law with the

Director of the Office of Management and Enterprise Services for

approval and payment. Expenditures from the Maintenance of State

Buildings Revolving Fund shall be detailed in a data feed and made

available through the data.ok.gov web portal.

I. The Director of the Office of Management and Enterprise

Services shall notify entities found by the Office to be out of

compliance with the reporting provisions of this section in writing.

J. This section shall not be applicable to the following or

their lands, properties, buildings, funds, or revenue:

1. The Oklahoma Ordnance Works Authority;

2. The Commissioners of the Land Office; and

3. Institutions comprising The Oklahoma State System of Higher

Education, except as to the data reporting requirements in this

section.

K. The report required in subsection B of this section shall
is section shall not be applicable to the following or

their lands, properties, buildings, funds, or revenue:

1. The Oklahoma Ordnance Works Authority;

2. The Commissioners of the Land Office; and

3. Institutions comprising The Oklahoma State System of Higher

Education, except as to the data reporting requirements in this

section.

K. The report required in subsection B of this section shall

include an indication of whether a property is owned by the Oklahoma

Historical Society, is listed on the National Register of Historic

Places or with the National Trust for Historic Preservation, or is

potentially of historical significance. The Office of Management

and Enterprise Services shall notify the Oklahoma Historical Society

and obtain its approval prior to the sale of any such property.

Status: in_force · Read it on the official government site

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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.