Okla. Stat. tit. 68, § 68-4302: Legislative findings

The Legislature finds that certain quality events conducted

within the state have a significant economic impact. In order to

assist with the promotion of such events and to assist the promoters

and organizers of such events with the planning and performance of

such events, the Legislature finds that it is in furtherance of an

essential governmental function to provide a method by which an

eligible municipality or an eligible county may utilize a portion of

the state sales tax revenues derived from taxable transactions

occurring within a designated area to promote certain qualifying

events. The State of Oklahoma has a legitimate interest in economic

development related to the occurrence of quality events and the

Legislature finds that the use of state sales tax revenues

authorized by this act provides a method by which the state can

compete successfully in a national and global economy against other

jurisdictions offering similar incentives for such events.