{"data":{"id":"us-ok/okla.-stat.-tit.-11-11-8-113","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 11, § 11-8-113","heading":"Prohibited business activities with municipality -","body":"Exceptions - Definitions - Violations - Employees of financial\n\ninstitutions.\n\nA. Except as otherwise provided by this section, no municipal\n\nofficer or employee, or any business in which the officer, employee,\n\nor spouse of the officer or employee has a proprietary interest,\n\nshall engage in:\n\n1. Selling, buying, or leasing property, real or personal, to\n\nor from the municipality;\n\n2. Contracting with the municipality; or\n\n3. Buying or bartering for or otherwise engaging in any manner\n\nin the acquisition of any bonds, warrants, or other evidence of\n\nindebtedness of the municipality.\n\nB. The provisions of this section shall not apply to any\n\nofficer or employee of any municipality of this state with a\n\npopulation of not more than five thousand (5,000) according to the\n\nlatest Federal Decennial Census, who has a proprietary interest in a\n\nbusiness which is the only business of that type within five (5)\n\nmiles of the corporate limits of the municipality. However, any\n\nactivities permitted by this subsection shall not exceed Two\n\nThousand Five Hundred Dollars ($2,500.00) for any single activity\n\nand shall not exceed Fifteen Thousand Dollars ($15,000.00) for all\n\nactivities in any calendar year. Provided, however, such activity\n\nmay exceed Fifteen Thousand Dollars ($15,000.00) per year if the\n\nmunicipality purchases items therefrom that are regularly sold to\n\nthe general public in the normal course of business and the price\n\ncharged to the municipality by the business does not exceed the\n\nprice charged to the general public.\n\nC. Provisions of this section shall not apply where competitive\n\nbids were obtained consistent with municipal ordinance or state law\n\nand two or more bids were submitted for the materials, supplies, or\n\nservices to be procured by the municipality regardless of the\n\npopulation restrictions of subsection B of this section, provided\n\nthe notice of bids was made public and open to all potential\n\nbidders.\n\nD. All bids, both successful and unsuccessful, and all\n\ncontracts and required bonds shall be placed on file and maintained\n\nin the main office of the awarding municipality for a period of five\n\n(5) years from the date of opening of bids or for a period of three\n\n(3) years from the date of completion of the contract, whichever is\n\nlonger, shall be open to public inspection and shall be matters of\n\npublic record.\n\nE. For purposes of this section, “employee” means any person\n\nwho is employed by a municipality more than ten (10) hours in a week\n\nfor more than thirteen (13) consecutive weeks and who enters into,\n\nrecommends or participates in the decision to enter into any\n\ntransaction described in subsection A of this section. Any person\n\nwho receives wages, reimbursement for expenses, or emoluments of any\n\nkind from a municipality, any spouse of the person, or any business\n\nin which the person or spouse has a proprietary interest shall not\n\nbuy or otherwise become interested in the transfer of any surplus\n\nproperty of a municipality or a public trust of which the\n\nmunicipality is beneficiary unless the surplus property is offered\n\nfor sale to the public after notice of the sale is published.\n\nF. For purposes of this section, “proprietary interest” means\n\nownership of more than twenty-five percent (25%) of the business or\n\nof the stock therein or any percentage which constitutes a\n\ncontrolling interest but shall not include any interest held by a\n\nblind trust.\n\nG. Any person convicted of violating the provisions of this\n\nsection shall be guilty of a misdemeanor. Any transaction entered\n\ninto in violation of the provisions of this section is void. Any\n\nmember of a governing body who approves any transaction in violation\n\nof the provisions of this section shall be held personally liable\n\nfor the amount of the transaction.\n\nH. Notwithstanding the provisions of this section, any officer,\n\ndirector or employee of a financial institution may serve on a board\nr. Any transaction entered\n\ninto in violation of the provisions of this section is void. Any\n\nmember of a governing body who approves any transaction in violation\n\nof the provisions of this section shall be held personally liable\n\nfor the amount of the transaction.\n\nH. Notwithstanding the provisions of this section, any officer,\n\ndirector or employee of a financial institution may serve on a board\n\nof a public body. Provided, the member shall abstain from voting on\n\nany matter relating to a transaction between or involving the\n\nfinancial institution in which they are associated and the public\n\nbody in which they serve.","path":["OK Code","Title 11"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os11.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"686d49a0e089adf6d927c39ab94862a95c9c5381a0d6bef17bf0cc5797fbf4dc","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-11-11-8-112","next":"us-ok/okla.-stat.-tit.-11-11-8-114"},"notice":"GroundRules: Original legal text. Not legal advice."}