{"data":{"id":"us-ok/okla.-stat.-tit.-62-62-867","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 62, § 62-867","heading":"Report to taxing entity","body":"A. For those increment districts in operation for nine (9)\n\nmonths or more, on or before the ninetieth day following the end of\n\neach fiscal year, the governing body of a city, town or county shall\n\nsubmit a report to the chief executive officer of each taxing entity\n\nthat levies ad valorem taxes on property in an increment district.\n\nThe report shall include:\n\n1. The amount and source of revenue captured and apportioned\n\npursuant to the project plan;\n\n2. The amount and purpose of expenditures;\n\n3. The amount of principal and interest due on outstanding\n\nbonded indebtedness;\n\n4. The tax increment base and current captured appraised value\n\nor the other local tax or fees collections retained by the area;\n\n5. The captured appraised value or the other local tax or fee\n\ncollections shared by the city, town or county and other taxing\n\nentities, the total amount of tax increments received and any\n\nadditional information necessary to demonstrate compliance with the\n\nplan adopted by the city, town or county;\n\n6. The name of the person who is currently in charge of the\n\nimplementation of the plan; and\n\n7. The names of the persons who have disclosed an interest as\n\nrequired pursuant to Section 857 of this title and the interest\n\ndisclosed.\n\nB. For those incentive districts in operation for nine (9)\n\nmonths or more, on or before the ninetieth day following the end of\n\neach fiscal year, the governing body of a city, town or county shall\n\nsubmit to the chief executive officer of each taxing entity that\n\nlevies property taxes on real property in an incentive district.\n\nThe report shall include:\n\n1. The parties receiving incentives or exemptions;\n\n2. A general description of the property and the improvements\n\nto be made;\n\n3. The portion and fair market value of the property to be\n\nexempted or that portion of the local taxes to be subject to\n\nincentives or to be exempted;\n\n4. The duration of the incentives or exemptions;\n\n5. Any additional information necessary to demonstrate\n\ncompliance with the tax incentives or exemptions;\n\n6. The name of the person who is currently in charge of the\n\nimplementation of the plan; and\n\n7. The names of the persons who have disclosed an interest as\n\nrequired pursuant to Section 857 of this title and the interest\n\ndisclosed.\n\nC. At the time of submitting the reports as required by\n\nsubsections A and B of this section, the governing body shall\n\npublish in a newspaper of general circulation in the city, town or\n\ncounty, a summary of the relevant financial information along with a\n\nnotice to the effect that such report has been prepared and that the\n\nreport is available for inspection during business hours in the\n\noffice of the municipal or county clerk.","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":"480f05d54598646d6f316b047f5505c6221e0b3c7a7f6aa43d5f2a7b64378e7e","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-62-62-866","next":"us-ok/okla.-stat.-tit.-62-62-867.1"},"notice":"GroundRules: Original legal text. Not legal advice."}