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Oklahoma · Snapshot open-us-law v2026.08, retrieved 2026-09-14

Okla. Stat. tit. 74, § 74-6204: Lease-purchase agreement authority - Funding

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Where this section sits in the code
  1. OK Code
  2. Title 74

The Office of Management and Enterprise Services shall have the

authority to enter into a lease-purchase agreement for a period not

to exceed twenty (20) years for the purposes of providing funding in

the amount of Three Million Dollars ($3,000,000.00) for additional

repairs, construction, and remediation to the land and improvements

formerly known as the Hissom Memorial Treatment Center. The

Legislature shall appropriate sufficient funds each year to the

Hissom Memorial Treatment Center Surplus Fund to satisfy the

obligations under the lease-purchase agreement authorized pursuant

to this section. Upon the sale of the land or improvements funded

through the lease-purchase agreement, the proceeds of the sale shall

be used first to satisfy the remaining payments under the lease-

purchase agreement, and then the balance of the proceeds shall be

applied as otherwise provided by law.

Collected 2026-09-14T18:32:36Z. Source file · JSON

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