{"data":{"id":"us-ok/okla.-stat.-tit.-61-61-327.2","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 61, § 61-327.2","heading":"Proposals for investment real property","body":"A. When the Commissioners of the Land Office determine it is in\n\nthe best interest of the trust, the Commissioners may invite the\n\npresentation of written proposals for the lease, sale, exchange,\n\nconstruction, maintenance, repair, improvement, development or\n\nredevelopment of any investment real property, as defined in this\n\nsection, contained within the Land Office trust.\n\nB. The term \"investment real property\" shall include all real\n\nproperty acquired by the Commissioners for investment purposes and\n\nshall exclude all real property originally granted in the Enabling\n\nAct of 1906.\n\nC. Proposals shall be evaluated by the Commissioners of the\n\nLand Office investment committee which shall make recommendations to\n\nthe Commissioners. The Commissioners shall retain authority to make\n\nall decisions concerning investment real property. Evaluation of\n\nthe proposals shall be based on the following criteria:\n\n1. The economic benefit of the proposal to the Land Office\n\ntrust, advancement of long-term capital asset plan, investment\n\nobjectives, or other advantages to the Land Office trust for the\n\nbenefit of the trust;\n\n2. The qualifications and experience of the construction or\n\nmaintenance provider, developer or redeveloper; and\n\n3. The financial ability of the construction or maintenance\n\nprovider, developer or redeveloper to perform in a timely fashion.\n\nD. The Secretary of the Land Office may enter into negotiations\n\nwith one or more respondents and may enter into contracts with the\n\nrespondent or respondents selected by majority vote of the\n\nCommissioners in an open meeting.\n\nE. The Commissioners may reject any and all bids.","path":["OK Code","Title 61"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os61.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"8ffabf19afd015cc7f6b14e6c5a2cd810a55552f007607e1fc6c0500f6c42636","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-61-61-327.1","next":"us-ok/okla.-stat.-tit.-61-61-327.3"},"notice":"GroundRules: Original legal text. Not legal advice."}