Okla. Stat. tit. 74, § 74-8223: Greenwood Area Redevelopment Authority – Board of

Trustees.

A. There is hereby created the Greenwood Area Redevelopment

Authority. The Authority shall be an instrumentality of the state.

B. The Authority is created in order to provide a method to

facilitate the redevelopment of the Greenwood Area.

C. In addition to other responsibilities imposed pursuant to

the Greenwood Area Redevelopment Authority Act, the mission of the

Authority shall be to assist in finding methods for other entities,

both in the private sector and public sector, to promote the

investment, reinvestment, development and revitalization of

qualified metropolitan areas.

D. The Authority shall be governed by a board of trustees which

shall consist of twenty (20) members to be appointed or who shall

serve on the board of trustees for the Authority as follows:

1. Two members to be appointed by the Speaker of the House of

Representatives, one of whom shall be a legislator from the area of

the City of Tulsa;

2. Two members to be appointed by the President Pro Tempore of

the Oklahoma State Senate, one of whom shall be a legislator from

the area of the City of Tulsa;

3. Two members to be appointed by the Governor;

4. Five members to be appointed by the mayor of the City of

Tulsa;

5. The executive director, or a designee, of the Tulsa

Metropolitan Chamber of Commerce;

6. The executive director, or a designee, of the Chamber of

Commerce serving the Greenwood Area;

7. The executive director, or a designee, of the Oklahoma

Department of Commerce;

8. The executive director, or a designee, of the Oklahoma

Bankers’ Association;

9. Two persons to be selected by the Oklahoma Municipal League

with the following qualifications:

a. a person with experience in the use of venture capital

or seed capital to promote investment or reinvestment

in metropolitan areas, and

b. a person with qualifications deemed suitable for the

purposes of the Authority as determined by the

Oklahoma Municipal League;

10. Two persons to be appointed by the board of county

commissioners of Tulsa County; and

11. The President of Oklahoma State University – Tulsa, or a

designee.

E. The Authority shall be authorized to conduct its meetings as

required in order to perform the duties imposed upon the Authority

pursuant to law. The Authority shall be subject to the provisions

of the Oklahoma Open Meeting Act.

F. A simple majority of the members present shall be required

to approve any actions taken by the Authority.

G. No person appointed to or otherwise serving on the board of

trustees of the Authority shall be required to vacate any public

office otherwise subject to the requirements of Section 6 of Title

51 of the Oklahoma Statutes and for purposes of such requirements,

the position of trustee shall not be considered a public office.