Okla. Stat. tit. 74, § 74-2214: Contractors - Lessees - Performance bonds

A. Any person, natural or corporate, who submits a bid on a

contract for work or services, or for the furnishing of materials,

equipment, or supplies, or for the sale of any other thing of value

where a contract is involved, shall submit, at the time of contract

execution, a performance bond in such form and amount as may be

required by the Commission, or any existing statutory provision.

Any lessee leasing any portion of a state park, lake, or recreation

area under the authority of any law shall submit a performance bond

in such form and amount as may be required by the Commission. All

such bonds shall be in such form as is approved by law for other

performance bonds made to the State of Oklahoma, and shall be

deposited with the Secretary of State. This section is cumulative

to existing law, and is intended to require performance security for

contracts and leases involving state parks, lakes, and recreation

areas in those instances where no such bonds or other securities are

presently required by law.

B. For the purpose of this section, performance bonds shall

include, but not be limited to, cash payments, cashier's checks and

irrevocable letters of credit.