{"data":{"id":"us-ok/okla.-stat.-tit.-62-62-9010.4","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 62, § 62-9010.4","heading":"Pay-for success contract requirements","body":"A. An agency or agencies may enter into a pay-for-success\n\ncontract with a private entity or entities to receive up-front\n\ncapital to fund a service or program. The agency or agencies may\n\nnot enter into a pay-for-success contract until each state agency\n\nhead entering into the contract determines with reasonable certainty\n\nthat the contract will result in a public benefit to the state.\n\nB. Each pay-for-success contract shall:\n\n1. Require a private entity to underwrite or secure up-front\n\ncapital from private funding sources, including foundations,\n\nfinancial institutions, businesses or individuals;\n\n2. Identify the specific service or program to be funded under\n\nthe contract;\n\n3. Identify performance targets and outcome measures against\n\nwhich the service or program's success can be measured to determine\n\nwhether the service or program has achieved quantifiable public\n\nbenefits or monetary savings;\n\n4. Require and specify an independent third-party evaluator to\n\nreview and issue reports annually at specific times during the\n\ncontract term specifying the degree to which the service or program\n\nhas met the identified performance targets and outcome measures\n\nspecified in the contract;\n\n5. Identify the calculation or algorithm to be used by the\n\nagency or agencies in determining the amount and timing of\n\nreimbursable success payments to the private entity;\n\n6. Contain a statement that the independent third-party\n\nevaluator will annually provide a report to the agency or agencies\n\nthat includes data deemed relevant by the agency or agencies; and\n\n7. State that the amount of funds to be reimbursed to the\n\nprivate entity is contingent upon the degree to which the service or\n\nprogram has met the performance targets and outcome measures as\n\nevaluated by the independent third-party evaluator.\n\nC. No later than April 1 annually, the agency or agencies shall\n\nprovide a report to the chairs of the legislative appropriations\n\ncommittees that contains the evaluation from the independent third-\n\nparty evaluator.\n\nD. Payments to private entities for the delivery of performance\n\ntargets and outcome measures as authorized in this section shall be\n\nmade only in accordance with the terms of the pay-for-success\n\ncontract. Payments may be made utilizing the Pay for Success\n\nInnovation Fund created in Section 5 of this act or utilizing other\n\nappropriated agency funds in accordance with Oklahoma law.","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":"6a9f4e12f3d13b5457b524e1de81b7e5d448233d8d646db9430e08cc5641cad0","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-62-62-9010.3","next":"us-ok/okla.-stat.-tit.-62-62-9010.5"},"notice":"GroundRules: Original legal text. Not legal advice."}