Okla. Stat. tit. 74, § 74-8224
This is the official text of Okla. Stat. tit. 74, § 74-8224, 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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Powers of Authority
Official statutory text
A. The Authority shall have the power to:
1. Adopt a seal for its official use;
2. Contract;
3. Own property;
4. Accept gifts and donations;
5. Invest funds under its control; and
6. Such other powers as are not inconsistent with the duties
and responsibilities imposed upon the Authority.
B. The Authority shall not have the power to:
1. Acquire property through the use of eminent domain;
Oklahoma Statutes - Title 74. State Government Page 1229
2. Become indebted in any manner; or
3. Take any action in derogation of the rights, whether based
on contract or otherwise, established pursuant to any agreements
entered into between private entities, between public entities or by
one or more private and one or more public entities.
1. Adopt a seal for its official use;
2. Contract;
3. Own property;
4. Accept gifts and donations;
5. Invest funds under its control; and
6. Such other powers as are not inconsistent with the duties
and responsibilities imposed upon the Authority.
B. The Authority shall not have the power to:
1. Acquire property through the use of eminent domain;
Oklahoma Statutes - Title 74. State Government Page 1229
2. Become indebted in any manner; or
3. Take any action in derogation of the rights, whether based
on contract or otherwise, established pursuant to any agreements
entered into between private entities, between public entities or by
one or more private and one or more public entities.
Status: in_force · Read it on the official government site
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