Okla. Stat. tit. 68, § 68-3602
This is the official text of Okla. Stat. tit. 68, § 68-3602, part of Oklahoma’s Stat. tit. 68, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 68,." Browse the sections below, each linked to its official government source.
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Legislative intent
Official statutory text
It is the intent of the Legislature that:
1. The State of Oklahoma provide appropriate incentives to
support establishments of basic industries that hold the promise of
significant development of the economy of the State of Oklahoma;
2. The amount of incentives provided pursuant to this act in
connection with a particular establishment:
a. be directly related to the jobs created as a result of
the establishment locating in the State of Oklahoma,
and
b. not exceed the estimated net direct state benefits
that will accrue to the state as a result of the
establishment locating in the State of Oklahoma;
3. The Oklahoma Department of Commerce and the Oklahoma Tax
Commission implement the provisions of this act and exercise all
powers as authorized in this act. The exercise of powers conferred
by this act shall be deemed and held to be the performance of
essential public purposes; and
4. Nothing herein shall be construed to constitute a guarantee
or assumption by the State of Oklahoma of any debt of any
individual, company, corporation or association nor to authorize the
credit of the State of Oklahoma to be given, pledged or loaned to
any individual, company, corporation or association.
1. The State of Oklahoma provide appropriate incentives to
support establishments of basic industries that hold the promise of
significant development of the economy of the State of Oklahoma;
2. The amount of incentives provided pursuant to this act in
connection with a particular establishment:
a. be directly related to the jobs created as a result of
the establishment locating in the State of Oklahoma,
and
b. not exceed the estimated net direct state benefits
that will accrue to the state as a result of the
establishment locating in the State of Oklahoma;
3. The Oklahoma Department of Commerce and the Oklahoma Tax
Commission implement the provisions of this act and exercise all
powers as authorized in this act. The exercise of powers conferred
by this act shall be deemed and held to be the performance of
essential public purposes; and
4. Nothing herein shall be construed to constitute a guarantee
or assumption by the State of Oklahoma of any debt of any
individual, company, corporation or association nor to authorize the
credit of the State of Oklahoma to be given, pledged or loaned to
any individual, company, corporation or association.
Status: in_force · Read it on the official government site
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