Okla. Stat. tit. 74, § 74-5062.32
This is the official text of Okla. Stat. tit. 74, § 74-5062.32, 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.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
Definitions
Official statutory text
As used in the Military Base Protection and Expansion Incentive
Act:
1. “Authority” means the Oklahoma Development Finance
Authority;
2. “Capital project” means the acquisition, construction,
expansion, replacement, or renovation of a municipal, county or
school district facility, including real property, buildings, and
other fixed assets. Capital project shall not include furnishings
or equipment that is not a fixed asset; and
3. “Qualified issuer” means a municipality, county, school
district, or public trust of which a municipality, county or school
district is the beneficiary that:
a. is located in or adjacent to a county that is home to
a military installation receiving military or mission
expansion from the 2005 Base Realignment and Closure
Commission (BRAC) recommendations, and
b. encompasses all or part of a school district that is
entitled to receive federal impact aid dollars or
federal payment in lieu of tax dollars for the most
recently completed school year.
Act:
1. “Authority” means the Oklahoma Development Finance
Authority;
2. “Capital project” means the acquisition, construction,
expansion, replacement, or renovation of a municipal, county or
school district facility, including real property, buildings, and
other fixed assets. Capital project shall not include furnishings
or equipment that is not a fixed asset; and
3. “Qualified issuer” means a municipality, county, school
district, or public trust of which a municipality, county or school
district is the beneficiary that:
a. is located in or adjacent to a county that is home to
a military installation receiving military or mission
expansion from the 2005 Base Realignment and Closure
Commission (BRAC) recommendations, and
b. encompasses all or part of a school district that is
entitled to receive federal impact aid dollars or
federal payment in lieu of tax dollars for the most
recently completed school year.
Status: in_force · Read it on the official government site
Need a lawyer in Oklahoma?
Find a Oklahoma lawyer
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.