Okla. Stat. tit. 74, § 74-6201

Authority.

A. The Office of Management and Enterprise Services shall enter

into a lease agreement with the Greater Sand Springs Trust Authority

for a term of ninety-nine (99) years with respect to the real

property and improvements constituting the former Hissom Memorial

Treatment Center, as more particularly described by subsection C of

this section.

B. The lease agreement described in subsection A of this

section:

1. Shall allow the Greater Sand Springs Trust Authority to

enter into agreements regarding the property described in subsection

C of this section with third parties without the express consent of

the Office of Management and Enterprise Services, including the

right of the Authority to sublease all or any part of the real

property described in subsection C of this section;

2. Shall provide for the unrestricted access, use and

development of the real property described in subsection C of this

section by the Greater Sand Springs Trust Authority in order for the

Authority to fulfill its purposes according to the terms of its

trust indenture, including, but not limited to, the right of the

Authority to construct capital improvements on, above or under the

property to fulfill the purposes stated in the indenture of the

Authority. The lease shall provide that the Authority owns and

maintains capital improvements constructed upon the real property

with the funds of the Authority;

3. Shall provide for the conveyance by the Office of Management

and Enterprise Services to the Greater Sand Springs Trust Authority,

by quit claim deed or by such other instrument of conveyance as the

Office of Management and Enterprise Services and the Authority may

mutually agree, for not more than a payment by the Authority to the

Department of a nominal consideration not to exceed Ten Dollars

($10.00), of any parcel of real property described by the Authority

and certified, by a majority of the trustees of the Authority, to be

necessary for a complete development of the property described in

subsection C of this section and necessary for the Authority to

fulfill any purpose specified in its trust indenture. A rebuttable

presumption shall exist that any conveyance made pursuant to the

provisions of this paragraph shall be considered to have been made

for the general economic benefit of the residents of the beneficiary

of the Greater Sand Springs Trust Authority and that the disposition

of the parcel by the Authority is in furtherance of an essential

governmental function by making a productive use of the parcel.

Oklahoma Statutes - Title 74. State Government Page 1207

After conveyance of a parcel of real property to the Authority

pursuant to this paragraph, the Authority shall have the exclusive

right to exercise all powers, rights and privileges with respect to

the parcel as authorized by law to the owner of any real property,

including, but not limited to, the right to sell the parcel as

provided by paragraph 4 of this subsection;

4. Shall provide for the conveyance by the Authority to another

legal entity, by quit claim deed or by such other instrument of

conveyance as the Authority and the other legal entity may mutually

agree, of any parcel of real property described by the Authority the

proposed conveyance of which to be certified, by a majority of the

trustees of the Authority, as necessary for a complete development

of the property described in subsection C of this section and

necessary for the Authority to fulfill any purpose specified in its

trust indenture. A rebuttable presumption shall exist that any

conveyance made pursuant to the provisions of this paragraph shall

be considered to have been made for the general economic benefit of

the residents of the beneficiary of the Greater Sand Springs Trust

Authority and that the disposition of the parcel by the Authority is

in furtherance of an essential governmental function by making a
st indenture. A rebuttable presumption shall exist that any

conveyance made pursuant to the provisions of this paragraph shall

be considered to have been made for the general economic benefit of

the residents of the beneficiary of the Greater Sand Springs Trust

Authority and that the disposition of the parcel by the Authority is

in furtherance of an essential governmental function by making a

productive use of the parcel. If the Authority sells any part or

all of the real property or improvements described in subsection C

of this section subsequent to the conveyance to the Authority by the

Office of Management and Enterprise Services, the Authority shall

determine the value of the real property sold separate and apart

from the value of the improvements, if any. The Authority shall

determine its direct and indirect costs for acquisition,

maintenance, improvement, marketing and sale of any parcel of real

property conveyed to a legal entity pursuant to this paragraph. The

Authority shall pay to the Office of Management and Enterprise

Services the amount of consideration received by the Authority from

the sale of the real property in excess of the direct and indirect

costs incurred by the Authority. The Office of Management and

Enterprise Services shall budget all funds received from the sale of

any parcel pursuant to this section. These funds shall be expended

by the Office of Management and Enterprise Services for the sole

purpose of additional maintenance or improvements for the remainder

of the real property or for improvements at the property described

in this section. Upon sale of the final parcel or real property and

improvements pursuant to this section, the Office of Management and

Enterprise Services shall remit the amount received and all

remaining funds from previous sales for deposit to the credit of the

Hissom Memorial Treatment Center Surplus Fund for appropriation

pursuant to law;

5. Shall provide that the Office of Management and Enterprise

Services shall maintain the real property and the improvements

located on the real property described in subsection C of this

Oklahoma Statutes - Title 74. State Government Page 1208

section in a manner conducive to the preservation of existing

economic value of the real property and improvements, subject to the

ordinary depreciation of the improvements, until such time as the

Authority acquires ownership of a parcel whereupon the Authority and

the Office of Management and Enterprise Services, by mutual written

agreement, shall amend the lease to provide for proportionately

diminished maintenance expenses to be incurred by the Office of

Management and Enterprise Services or some other legal entity;

6. Shall not require the payment of rent by the Greater Sand

Springs Trust Authority in excess of One Dollar ($1.00) per year;

7. Shall not require a purchase price for any option granted to

the Greater Sand Springs Trust Authority to acquire any parcel of

the property described by subsection C of this section in excess of

Ten Dollars ($10.00);

8. Shall not require the Office of Management and Enterprise

Services to consent to a sublease of the property described by

subsection C of this section by the Authority to any other legal

entity; and

9. Shall not impose the expense of maintenance or repair of the

real property or improvements located on the property described by

subsection C of this section upon the Greater Sand Springs Trust

Authority, except as otherwise provided by paragraph 5 of this

subsection.

C. The real property and improvements which shall be leased by

the Office of Management and Enterprise Services to the Greater Sand

Springs Trust Authority as required by subsection A of this section

are described as follows:

1. Governmental lots 5, 7, and 8 in Section 9; and

2. The part of Governmental Lots 6 and 7 lying north of the

centerline of the Burlington Northern Santa Fe Railroad right-of-
eal property and improvements which shall be leased by

the Office of Management and Enterprise Services to the Greater Sand

Springs Trust Authority as required by subsection A of this section

are described as follows:

1. Governmental lots 5, 7, and 8 in Section 9; and

2. The part of Governmental Lots 6 and 7 lying north of the

centerline of the Burlington Northern Santa Fe Railroad right-of-

way, formerly the S.L. & S.F. Railroad right-of-way, in Section 15;

and

3. Lots 1 and 2, and that part of Governmental Lot 3 lying

north of the centerline of said railroad right-of-way and those

parts of each of the following tracts lying north of the centerline

of said railroad right-of-way:

a. the Southwest Quarter (SW/4) of the Northeast Quarter

(NE/4);

b. the Northwest Quarter (NW/4); and

c. the Northeast Quarter (NE/4) of the Southeast Quarter

(SE/4) in Section 16;

4. All in Township 19 North, Range 11 East of the Indian

Meridian, Tulsa County, Oklahoma; and

5. Together with all the appurtenances thereto belonging to

such property.

Oklahoma Statutes - Title 74. State Government Page 1209

D. The Authority shall have the right to access, ingress,

egress, use and enjoyment of the roads existing on the property

described by subsection C of this section as of July 1, 1997.

E. With respect to the real property and improvements described

in subsection C of this section and the lease agreement required by

subsection A of this section, or any transfer of the property to the

Authority, the Office of Management and Enterprise Services shall

not be subject to the requirements of:

1. Section 387 of Title 60 of the Oklahoma Statutes;

2. Section 1056 of Title 64 of the Oklahoma Statutes;

3. Section 126.2 of this title;

4. Section 129.4 of this title; or

5. Section 456.7 of this title.

F. With respect to the lease or sale of any part or all of the

real property or improvements described in subsection C of this

section, the Greater Sand Springs Trust Authority shall not be

subject to the requirements of:

1. Section 387 of Title 60 of the Oklahoma Statutes;

2. Section 241 of Title 64 of the Oklahoma Statutes;

3. Section 129.4 of this title; or

4. Section 456.7 of this title.