Okla. Stat. tit. 11, § 11-38-118: Personal interest of public officials or employees in

project or property.

No public official or employee of a municipality (or Board or

Commission thereof), and no Commissioner or employee of an Urban

Renewal Authority which has been vested by a municipality with urban

renewal project powers under this article, shall voluntarily acquire

any personal interest, direct or indirect, in any urban renewal

project, or in any property that is to be acquired or developed with

public finance assistance and that is included or planned to be

included in any urban renewal project of such municipality or in any

contract or proposed contract in connection with such urban renewal

project. Where such acquisition is not voluntary, the interest

acquired shall be immediately disclosed in writing to the municipal

governing body. If such official, Commissioner or employee

presently owns or controls, or owned or controlled within the

preceding two (2) years, any interest, direct or indirect, in any

property which he knows is included or planned to be included in an

urban renewal project, he shall immediately disclose this fact in

writing to the municipal governing body, and any such officials,

Commissioner or employee shall not participate in any action by the

municipality (or Board or Commission thereof), or Urban Renewal

Authority affecting such property. This section shall not preclude

acquisition of a residence, acquisition of any property after

issuance of a certificate of completion, or agreement to redevelop

in accordance with the objectives of such urban renewal project,

provided such official, Commissioner, or employee discloses any

actual or prospective interest and does not participate in any

official action approving such agreement. The disclosure required

to be made by this section to the municipal governing body shall

concurrently be made to the Urban Renewal Authority which has been

vested with urban renewal project powers by the municipality

pursuant to the provisions of this article. No Commissioner or

other officer of any Urban Renewal Authority, Board or Commission

exercising the powers pursuant to this article shall hold any other

public office under the municipality other than his commissionership

or office with respect to such Urban Renewal Authority.