Okla. Stat. tit. 74, § 74-6204
This is the official text of Okla. Stat. tit. 74, § 74-6204, 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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Lease-purchase agreement authority - Funding
Official statutory text
The Office of Management and Enterprise Services shall have the
authority to enter into a lease-purchase agreement for a period not
to exceed twenty (20) years for the purposes of providing funding in
the amount of Three Million Dollars ($3,000,000.00) for additional
repairs, construction, and remediation to the land and improvements
formerly known as the Hissom Memorial Treatment Center. The
Legislature shall appropriate sufficient funds each year to the
Hissom Memorial Treatment Center Surplus Fund to satisfy the
obligations under the lease-purchase agreement authorized pursuant
to this section. Upon the sale of the land or improvements funded
through the lease-purchase agreement, the proceeds of the sale shall
be used first to satisfy the remaining payments under the lease-
purchase agreement, and then the balance of the proceeds shall be
applied as otherwise provided by law.
authority to enter into a lease-purchase agreement for a period not
to exceed twenty (20) years for the purposes of providing funding in
the amount of Three Million Dollars ($3,000,000.00) for additional
repairs, construction, and remediation to the land and improvements
formerly known as the Hissom Memorial Treatment Center. The
Legislature shall appropriate sufficient funds each year to the
Hissom Memorial Treatment Center Surplus Fund to satisfy the
obligations under the lease-purchase agreement authorized pursuant
to this section. Upon the sale of the land or improvements funded
through the lease-purchase agreement, the proceeds of the sale shall
be used first to satisfy the remaining payments under the lease-
purchase agreement, and then the balance of the proceeds shall be
applied as otherwise provided by law.
Status: in_force · Read it on the official government site
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