Okla. Stat. tit. 74, § 74-5085.2: Statement of need - Oklahoma Capital Investment Board -

Certification by Governor.

A. Fundamental changes have occurred in national and

international financial markets and in the financial markets of this

state. Oklahoma needs to increase the availability of equity and

near-equity capital for emerging, expanding and restructuring

enterprises in Oklahoma. Such investments will create jobs for

Oklahomans and will help to diversify the state's economic base.

B. Any public trust organized pursuant to Title 60 of the

Oklahoma Statutes for the benefit of the entire State of Oklahoma,

which was created for multiple purposes shall become eligible to be

the Oklahoma Capital Investment Board as provided by this act. Such

trust may amend its indenture to encompass the provisions of this

act, and, upon certification by the Governor, such trust shall be

known as and exercise all the powers of the Oklahoma Capital

Investment Board as provided by law. After the certification of the

trust as the Oklahoma Capital Investment Board, the trustees of such

trust shall become members of the Board of Directors of the Oklahoma

Capital Investment Board as provided for in Section 6 of this act.

The Oklahoma Capital Investment Board is hereby constituted a public

trust of the state and the exercise of the Board and powers

conferred by this act shall be deemed and held to be the performance

of essential public purposes.