Okla. Stat. tit. 74, § 74-61.8

A. The Long-Range Capital Planning Commission shall work to

decrease the amount of property owned by Oklahoma state government,

return state-owned property to private sector ownership, better

maintain and utilize the state’s needed capital assets, and,

whenever possible, eliminate the practice of state agencies leasing

real property not owned by the state.

B. Each year, the Director of the Office of Management and

Enterprise Services, at the direction of the Long-Range Capital

Planning Commission, shall take action to approve the privatization

of state-owned real property as identified pursuant to the Oklahoma

State Government Asset Reduction and Cost Savings Program. Proceeds

Oklahoma Statutes - Title 74. State Government Page 120

from the liquidation of real properties shall be deposited into the

Maintenance of State Buildings Revolving Fund.

C. Prior to entering into or renewing a lease for real

property, each state agency, board, commission, and public trust

having the state as a beneficiary shall receive approval for

entering into the lease from the Office of Management and Enterprise

Services.

D. Prior to making a purchase of real property or constructing

a building, each state agency, board, commission, and public trust

having the state as a beneficiary shall receive approval for the

purchase or construction from the Director of the Office of

Management and Enterprise Services; provided, if such purchase or

construction is deemed by the Director of the Office of Management

and Enterprise Services to be within the authority of the Long-Range

Capital Planning Commission, the Director shall not approve the

purchase or construction and shall refer the request to the

Commission for action.

E. Prior to approval or referral pursuant to subsection C or D

of this section, the Office of Management and Enterprise Services

shall determine if the applicant entity can utilize already existing

state-owned real property as an alternative to leasing non-state-

owned real property or purchasing or constructing new real property.

If such existing state-owned real property is owned by the Oklahoma

Historical Society, is listed on the National Register of Historic

Places or with the National Trust for Historic Preservation, or is

potentially of historical significance, the Office of Management and

Enterprise Services shall notify the Oklahoma Historical Society and

obtain its approval prior to approving an application for its reuse.

F. No state agency, board, commission, or public trust having

the state as its beneficiary shall transfer any real property owned

by the agency, board, commission, or trust to any other state

agency, board, commission, state beneficiary trust, or any public or

private entity unless the transfer is first approved by the Long-

Range Capital Planning Commission. Any transfer made without the

prior approval of the Long-Range Capital Planning Commission as

required by this subsection may be reversed by the Long-Range

Capital Planning Commission and if a transfer is reversed the

agency, board, commission, state beneficiary trust, or other state

government entity to which the real property has been impermissibly

transferred shall take such actions to convey the subject property

to the entity from which the asset was acquired not later than

thirty (30) days from the date an order for such transfer is entered

by the Long-Range Capital Planning Commission. The Commission shall

not approve any transfer unless proceeds from the sale shall be

deposited within the Maintenance of State Buildings Revolving Fund

as established by Section 908 of Title 62 of the Oklahoma Statutes.

Oklahoma Statutes - Title 74. State Government Page 121

G. By February 1 of each year, the Office of Management and

Enterprise Services shall publish a report for the preceding

calendar year listing the parcels of previously state-owned property
sale shall be

deposited within the Maintenance of State Buildings Revolving Fund

as established by Section 908 of Title 62 of the Oklahoma Statutes.

Oklahoma Statutes - Title 74. State Government Page 121

G. By February 1 of each year, the Office of Management and

Enterprise Services shall publish a report for the preceding

calendar year listing the parcels of previously state-owned property

sold, detailing the reduction in the amount of space leased by the

state, describing the source of funds and expenditures from the

Maintenance of State Buildings Revolving Fund, and showing the

manner in which deferred maintenance needs are being met. The

report shall be provided to the Governor, Speaker of the House of

Representatives, and President Pro Tempore of the Senate and placed

on the documents.ok.gov web portal.

H. This section shall not be applicable to the following or

their lands, properties, buildings, funds, or revenue:

1. The Oklahoma Ordnance Works Authority;

2. The Commissioners of the Land Office;

3. The Department of Transportation;

4. The Oklahoma Turnpike Authority; and

5. The Grand River Dam Authority.

I. The Director of the Office of Management and Enterprise

Services may make recommendations to the Long-Range Capital Planning

Commission for liquidation of underutilized properties that have

environmental issues, create a liability for the state, or create

expenses that make the continued ownership of the underutilized

property undesirable and the property has been offered through two

public auctions or sealed bids and no viable bids were received. If

the Long-Range Capital Planning Commission approves the liquidation

of the property, the Office of Management and Enterprise Services

may accept a bid of less than ninety percent (90%) of the appraised

value in accordance with Section 327 of Title 61 of the Oklahoma

Statutes.