Okla. Stat. tit. 74, § 74-871: Purpose - Regulations governing lending

The Legislature hereby declares that the purpose of this act,

and of House Joint Resolution 514 of the Twenty-ninth Legislative

Session, is to carry out the constitutional mandate in Section 34,

Article X, wherein the Legislature is required to enact appropriate

and needful legislation establishing safeguards and regulations

governing the lending of funds for industrial development purposes

which it considers necessary to the vitalization of said

constitutional amendment and helpful in assisting with the state's

industrial development.