{"data":{"id":"us-ok/okla.-stat.-tit.-63-63-3240.6","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 63, § 63-3240.6","heading":"Powers and duties","body":"A. The Community Hospitals Authority shall have the power and\n\nduty to:\n\n1. Adopt bylaws and promulgate rules for the regulation of its\n\naffairs and the conduct of its business;\n\n2. Adopt an official seal;\n\n3. Maintain an office in one of the participating hospitals for\n\nthe Community Hospitals Authority at no cost to the Authority;\n\n4. Sue and be sued;\n\n5. Make and enter into all contracts necessary or incidental to\n\nthe performance of its duties and the execution of its powers\n\npursuant to the Community Hospitals Authority Act;\n\n6. Purchase or lease equipment, furniture, materials and\n\nsupplies, and incur such other expenses as may be necessary to\n\ndischarge its duties and responsibilities or to make any of its\n\npowers effective;\n\n7. Accept any and all grants from persons and from the United\n\nStates of America, or from any corporation or agency created or\n\ndesigned by the United States of America, and, in connection with\n\nany such grant, to enter into such agreements as the United States\n\nof America or such corporation or agency may require;\n\n8. Accept grants and gifts from private individuals and\n\norganizations;\n\n9. Provide for complete financial audits on all accounts of the\n\nCommunity Hospitals Authority and to authorize periodic audits by an\n\nindependent external auditing agency. Such audits shall be\n\nperformed annually in a format approved by the State Auditor and\n\nInspector, and all such audits shall be submitted to the State\n\nAuditor and Inspector for review. Such audits shall be made in\n\naccordance with generally accepted auditing standards and government\n\nauditing standards. Financial statements shall be prepared in\n\naccordance with generally accepted accounting principles. In\n\naddition to the audits, the State Auditor and Inspector, whenever\n\nthe State Auditor deems it appropriate, and at least once each five\n\n(5) years, or upon receipt of a request to do so from the Governor,\n\nthe Attorney General, the President Pro Tempore of the Senate, the\n\nSpeaker of the House of Representatives or the Authority shall\n\nconduct a special audit of the Authority;\n\n10. Engage in long-term planning for the operation and\n\nmanagement of the Community Hospitals Authority;\n\n11. Establish petty cash funds and provide for appropriate\n\naccounting procedures and controls; and\n\n12. Do all other things necessary and proper to implement the\n\nprovisions of the Community Hospitals Authority Act.\n\nB. The Community Hospitals Authority shall be subject to the\n\nOklahoma Budget Law of 1947.\n\nC. The Authority shall prepare monthly a \"budget vs. actual\"\n\nreport which shows by budget activity the monthly and year-to-date\n\nrevenues and expenditures compared to budgeted revenues and\n\nexpenditures. Such report shall be submitted to the Office of\n\nManagement and Enterprise Services and to the directors of the\n\nFiscal Divisions of the State Senate and the Oklahoma House of\n\nRepresentatives.\n\nD. The Authority shall be subject to the professional risk\n\nmanagement program provided for in Section 85.58A of Title 74 of the\n\nOklahoma Statutes.\n\nE. The Authority shall be and is prohibited from issuing bonds\n\nor other evidences of indebtedness.\n\nF. The Authority shall be and is prohibited from acquiring any\n\nreal property.","path":["OK Code","Title 63"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os63.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"9b6c7d8c7fb4f809ccb7a27a838e0a800ea071950275b9e705b9197f889559b7","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-63-63-3240.5","next":"us-ok/okla.-stat.-tit.-63-63-3240.7"},"notice":"GroundRules: Original legal text. Not legal advice."}