Okla. Stat. tit. 74, § 74-2214
This is the official text of Okla. Stat. tit. 74, § 74-2214, part of Oklahoma’s Stat. tit. 74, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 74,." Browse the sections below, each linked to its official government source.
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Contractors - Lessees - Performance bonds
Official statutory text
A. Any person, natural or corporate, who submits a bid on a
contract for work or services, or for the furnishing of materials,
equipment, or supplies, or for the sale of any other thing of value
where a contract is involved, shall submit, at the time of contract
execution, a performance bond in such form and amount as may be
required by the Commission, or any existing statutory provision.
Any lessee leasing any portion of a state park, lake, or recreation
area under the authority of any law shall submit a performance bond
in such form and amount as may be required by the Commission. All
such bonds shall be in such form as is approved by law for other
performance bonds made to the State of Oklahoma, and shall be
deposited with the Secretary of State. This section is cumulative
to existing law, and is intended to require performance security for
contracts and leases involving state parks, lakes, and recreation
Oklahoma Statutes - Title 74. State Government Page 888
areas in those instances where no such bonds or other securities are
presently required by law.
B. For the purpose of this section, performance bonds shall
include, but not be limited to, cash payments, cashier's checks and
irrevocable letters of credit.
contract for work or services, or for the furnishing of materials,
equipment, or supplies, or for the sale of any other thing of value
where a contract is involved, shall submit, at the time of contract
execution, a performance bond in such form and amount as may be
required by the Commission, or any existing statutory provision.
Any lessee leasing any portion of a state park, lake, or recreation
area under the authority of any law shall submit a performance bond
in such form and amount as may be required by the Commission. All
such bonds shall be in such form as is approved by law for other
performance bonds made to the State of Oklahoma, and shall be
deposited with the Secretary of State. This section is cumulative
to existing law, and is intended to require performance security for
contracts and leases involving state parks, lakes, and recreation
Oklahoma Statutes - Title 74. State Government Page 888
areas in those instances where no such bonds or other securities are
presently required by law.
B. For the purpose of this section, performance bonds shall
include, but not be limited to, cash payments, cashier's checks and
irrevocable letters of credit.
Status: in_force · Read it on the official government site
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