Okla. Stat. tit. 62, § 62-876: Acquisition of real property - Sale or lease to developer
Where this section sits in the code
- OK Code
- 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