Okla. Stat. tit. 63, § 63-1059

A. During his tenure and for one (1) year thereafter, no

commissioner, officer, or employee of the local housing authority

shall voluntarily acquire any interest, direct or indirect, in any

project or in any property included or planned to be included in any

project, or in any contract or proposed contract relating to any

housing project. If any such commissioner, officer, or employee

involuntarily acquired any such interest, or voluntarily or

involuntarily acquired any such interest prior to appointment or

employment as commissioner, officer, or employee, the commissioner,

officer, or employee, in any such event, shall immediately disclose

his interest in writing to the authority, and such disclosure shall

be entered upon the minutes of the authority, and the commissioner,

officer, or employee shall not participate in any action by the

authority relating to the property or contract in which he has any

such interest. Any violation of the foregoing provisions of this

section shall constitute misconduct in office. This section shall

not be applicable to the acquisition of any interest in notes or

bonds of an authority issued in connection with any housing project,

or to the execution of agreements by banking institutions for the

deposit or handling of funds in connection with a project or to act

as trustee under any trust indenture, or to utility services the

rates for which are fixed or controlled by a governmental agency.

Oklahoma Statutes - Title 63. Public Health and Safety Page 1315

B. Nothing in this section shall be construed to apply to the

housing authority commissioner who is a tenant.