{"data":{"id":"us-ok/okla.-stat.-tit.-62-62-857","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 62, § 62-857","heading":"Conflict of interest - Disclosure","body":"A. If any member of the governing body of a city, town or\n\ncounty which is in the process of adopting a project plan for a\n\ndistrict or which has adopted such a plan pursuant to the provisions\n\nof the Local Development Act or if any member of the governing body\n\nof a taxing entity within the boundaries of a district or any person\n\nwho is a member of the immediate family of such member, owns or\n\ncontrols a financial interest, direct or indirect, in any property\n\nin any project area to be acquired or developed with public\n\nfinancial assistance, said member shall disclose the same in writing\n\nto the clerk of the city, town or county with such disclosure\n\nentered into the minutes of the governing body. Any such member\n\nwith any interest of ten percent (10%) or more or any such member\n\nwith an immediate family member with any interest of ten percent\n\n(10%) or more shall be ineligible to vote on any matter or\n\ntransaction pertaining to such property, and shall refrain from\n\ntaking any other official action related to such property. This\n\nsection shall not preclude acquisition of a residence, acquisition\n\nof any property after issuance of a certificate of completion, or\n\nagreement to develop in accordance with the objectives of such\n\nproject plan, provided such member discloses any actual or\n\nprospective interest and does not participate in any official action\n\napproving such agreement.\n\nB. For purposes of this act and unless otherwise provided\n\ntherein, any matter requiring a vote by the governing body of a\n\ncity, town or county or a governing body of a taxing entity within\n\nthe district shall be by a majority of those eligible to vote.","path":["OK Code","Title 62"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os62.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"7aab4028bde488fd0b53dd2f170365b62f25a0dfb6010588e9d6c544fd1341b9","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-62-62-856","next":"us-ok/okla.-stat.-tit.-62-62-858"},"notice":"GroundRules: Original legal text. Not legal advice."}