Okla. Stat. tit. 74, § 74-5085.2
This is the official text of Okla. Stat. tit. 74, § 74-5085.2, 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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Statement of need - Oklahoma Capital Investment Board -
Official statutory text
Certification by Governor.
A. Fundamental changes have occurred in national and
international financial markets and in the financial markets of this
state. Oklahoma needs to increase the availability of equity and
near-equity capital for emerging, expanding and restructuring
enterprises in Oklahoma. Such investments will create jobs for
Oklahomans and will help to diversify the state's economic base.
B. Any public trust organized pursuant to Title 60 of the
Oklahoma Statutes for the benefit of the entire State of Oklahoma,
which was created for multiple purposes shall become eligible to be
the Oklahoma Capital Investment Board as provided by this act. Such
trust may amend its indenture to encompass the provisions of this
act, and, upon certification by the Governor, such trust shall be
known as and exercise all the powers of the Oklahoma Capital
Investment Board as provided by law. After the certification of the
trust as the Oklahoma Capital Investment Board, the trustees of such
trust shall become members of the Board of Directors of the Oklahoma
Capital Investment Board as provided for in Section 6 of this act.
The Oklahoma Capital Investment Board is hereby constituted a public
trust of the state and the exercise of the Board and powers
conferred by this act shall be deemed and held to be the performance
of essential public purposes.
A. Fundamental changes have occurred in national and
international financial markets and in the financial markets of this
state. Oklahoma needs to increase the availability of equity and
near-equity capital for emerging, expanding and restructuring
enterprises in Oklahoma. Such investments will create jobs for
Oklahomans and will help to diversify the state's economic base.
B. Any public trust organized pursuant to Title 60 of the
Oklahoma Statutes for the benefit of the entire State of Oklahoma,
which was created for multiple purposes shall become eligible to be
the Oklahoma Capital Investment Board as provided by this act. Such
trust may amend its indenture to encompass the provisions of this
act, and, upon certification by the Governor, such trust shall be
known as and exercise all the powers of the Oklahoma Capital
Investment Board as provided by law. After the certification of the
trust as the Oklahoma Capital Investment Board, the trustees of such
trust shall become members of the Board of Directors of the Oklahoma
Capital Investment Board as provided for in Section 6 of this act.
The Oklahoma Capital Investment Board is hereby constituted a public
trust of the state and the exercise of the Board and powers
conferred by this act shall be deemed and held to be the performance
of essential public purposes.
Status: in_force · Read it on the official government site
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