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Oklahoma · Snapshot open-us-law v2026.08, retrieved 2026-09-14

Okla. Stat. tit. 62, § 62-876: Acquisition of real property - Sale or lease to developer

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Where this section sits in the code
  1. OK Code
  2. Title 62

A. Any governing body which has established a rural housing

incentive district as provided in the Oklahoma Rural Housing

Incentive District Act may purchase or otherwise acquire real

property; however, the property may not be acquired through the

exercise of the power of eminent domain.

B. Any property acquired by a municipality or county under the

Oklahoma Rural Housing Incentive District Act may be sold or leased

to any developer, in accordance with the rural housing incentive

project plan and under such conditions as shall have been agreed to

prior to the adoption of the project plan. The municipality or

county and the developer may agree to any additional terms and

conditions, but if the developer requests to be released from any

obligations agreed to and embodied in the project plan, such release

shall constitute a substantial change and subject to the

requirements provided in subsection B of Section 6 of this act.

Collected 2026-09-14T18:32:36Z. Source file · JSON

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