Okla. Stat. tit. 69, § 69-2004
This is the official text of Okla. Stat. tit. 69, § 69-2004, part of Oklahoma’s Stat. tit. 69, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 69,." Browse the sections below, each linked to its official government source.
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Annual lease of Highway 44 by Transportation Commission –
Official statutory text
Amount and funding of lease payments.
A. In order to avoid the expenditure of funds for the currently
planned construction of four lanes parallel to the Will Rogers
Turnpike near Claremore, the Oklahoma Transportation Commission
shall enter into a lease with the Oklahoma Transportation Authority
for the Transportation Commission to lease, on an annual basis, that
part of the Will Rogers Turnpike also known as Interstate Highway
44, from its beginning near the interchange with U.S. Highway 412
and State Highway 66 at Catoosa and extending northeast to the
current interchange with State Highway 20 south of Claremore.
B. The lease between the Transportation Commission and the
Transportation Authority shall be an annual lease renewable by
agreement of the parties for a period of fifty (50) years. The
annual lease payment shall be based on the net revenue which would
have accrued to the Transportation Authority from tolls on the
leased portion of the turnpike. No funds available for expenditure
pursuant to Section 2001 of Title 69 of the Oklahoma Statutes shall
be used for this purpose.
C. The lease payments referred to in this section shall come
exclusively from the Oklahoma Department of Transportation monies
identified in the existing five-year plan for State Highway 20
running parallel to the Will Rogers Turnpike.
A. In order to avoid the expenditure of funds for the currently
planned construction of four lanes parallel to the Will Rogers
Turnpike near Claremore, the Oklahoma Transportation Commission
shall enter into a lease with the Oklahoma Transportation Authority
for the Transportation Commission to lease, on an annual basis, that
part of the Will Rogers Turnpike also known as Interstate Highway
44, from its beginning near the interchange with U.S. Highway 412
and State Highway 66 at Catoosa and extending northeast to the
current interchange with State Highway 20 south of Claremore.
B. The lease between the Transportation Commission and the
Transportation Authority shall be an annual lease renewable by
agreement of the parties for a period of fifty (50) years. The
annual lease payment shall be based on the net revenue which would
have accrued to the Transportation Authority from tolls on the
leased portion of the turnpike. No funds available for expenditure
pursuant to Section 2001 of Title 69 of the Oklahoma Statutes shall
be used for this purpose.
C. The lease payments referred to in this section shall come
exclusively from the Oklahoma Department of Transportation monies
identified in the existing five-year plan for State Highway 20
running parallel to the Will Rogers Turnpike.
Status: in_force · Read it on the official government site
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