Okla. Stat. tit. 74, § 74-5077
This is the official text of Okla. Stat. tit. 74, § 74-5077, 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.
Responsibilities and duties of sponsor - Not-for-profit
Official statutory text
enterprises as tenants.
A. A sponsor shall have the following responsibilities and
duties in establishing and operating an incubator:
1. Securing title to the facility or a lease with a sufficient
length of term or other security, deemed sufficient by the Director
of the Oklahoma Department of Commerce, to assure that the purposes
of this act are carried out;
Oklahoma Statutes - Title 74. State Government Page 1161
2. Managing the physical development of the incubator facility,
including the provision of common conference or meeting space;
3. Furnishing and equipping the facility to provide business
services to the tenants;
4. Marketing the facility and securing eligible tenants;
5. Providing financial consulting, marketing, and management
assistance services or arranging for the provision of these services
for tenants of the incubator, including assistance in accessing
private financial markets;
6. Setting rental and service fees; and
7. Encouraging the sharing of ideas between tenants and
otherwise aid the incubator and setting policy for the termination
of occupancy of tenants so as to maximize the opportunity to succeed
for the greatest number of tenants, consistent with the other
criteria specified in this act.
B. Not-for-profit enterprises are not permitted as tenants in
incubators assisted under this act except by specific consent of the
Director in cases in which such tenancy would be exceptionally
helpful in promoting the purposes of this act or such tenancy is
essential to the economic viability of the incubator.
A. A sponsor shall have the following responsibilities and
duties in establishing and operating an incubator:
1. Securing title to the facility or a lease with a sufficient
length of term or other security, deemed sufficient by the Director
of the Oklahoma Department of Commerce, to assure that the purposes
of this act are carried out;
Oklahoma Statutes - Title 74. State Government Page 1161
2. Managing the physical development of the incubator facility,
including the provision of common conference or meeting space;
3. Furnishing and equipping the facility to provide business
services to the tenants;
4. Marketing the facility and securing eligible tenants;
5. Providing financial consulting, marketing, and management
assistance services or arranging for the provision of these services
for tenants of the incubator, including assistance in accessing
private financial markets;
6. Setting rental and service fees; and
7. Encouraging the sharing of ideas between tenants and
otherwise aid the incubator and setting policy for the termination
of occupancy of tenants so as to maximize the opportunity to succeed
for the greatest number of tenants, consistent with the other
criteria specified in this act.
B. Not-for-profit enterprises are not permitted as tenants in
incubators assisted under this act except by specific consent of the
Director in cases in which such tenancy would be exceptionally
helpful in promoting the purposes of this act or such tenancy is
essential to the economic viability of the incubator.
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.