Okla. Stat. tit. 63, § 63-1077: Transfer of possession or title to federal government

In any contract with the federal government for annual

contributions to any authority the authority may obligate itself,

which obligation shall be specifically enforceable and shall not

constitute a mortgage, notwithstanding any other laws, to convey to

the federal government possession of or title to the project to

which such contract relates, upon the occurrence of a substantial

default, as defined in such contract, with respect to the covenants

and conditions to which the authority is subject; such contract may

further provide that in case of such conveyance, the federal

government may complete, operate, manage, lease, convey, or

otherwise deal with the project and funds in accordance with the

terms of such contract; provided, that the contract requires that,

as soon as practicable after the federal government is satisfied

that all defaults with respect to the project have been cured and

that the project will thereafter be operated in accordance with the

terms of the contract, the federal government shall reconvey to the

authority the project as then constituted.