Okla. Stat. tit. 61, § 61-137: Termination of certain unperformed contracts

Any contract which has been bid under the provisions of the

Public Competitive Bidding Act, Section 101 et seq. of Title 61 of

the Oklahoma Statutes, and on which no work has been performed and

no formal claim or litigation has been pending within the last

twenty-four (24) months shall be terminated by the public agency

which awarded the contract. After termination, the public agency

shall determine the amount of any final payment due to the

contractor and shall make such payment to the contractor at the

contractor's last-known address, or if the public agency is unable

to locate the contractor, the amount due shall be held in a separate

account by the State Treasurer in the name of the contractor.

Termination of the contract and payment to the contractor or deposit

of the funds due to the contractor as determined by the public

agency shall release the public agency from any further liability to

the contractor or surety company. Any such funds held by the State

Treasurer for the contractor which are not claimed by the contractor

within thirty-six (36) months from the date of deposit with the

State Treasurer shall be deposited in the General Revenue Fund and

the state shall have no further liability on the project to the

contractor or surety company.