{"data":{"id":"us-ok/okla.-stat.-tit.-74-74-1004","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 74, § 74-1004","heading":"Agreements authorized","body":"A. Any power or powers, privileges or authority exercised or\n\ncapable of exercise by a public agency of this state may be\n\nexercised and enjoyed jointly with any other public agency of this\n\nstate, and jointly with any public agency of any other state or of\n\nthe United States to the extent that laws of such other state or of\n\nthe United States permit such joint exercise or enjoyment. Any\n\nagency of the state government when acting jointly with any public\n\nagency may exercise and enjoy all of the powers, privileges and\n\nauthority conferred by this act upon a public agency.\n\nB. Any two or more public agencies may enter into agreements\n\nwith one another for joint or cooperative action pursuant to the\n\nprovisions of this act. If it becomes advisable and economically\n\nadvantageous for any Oklahoma public agency administering federal\n\nhousing programs statewide within the State of Oklahoma to enter\n\ninto agreements with an agency of the United States or of another\n\nstate in order to benefit the State of Oklahoma through\n\nadministration of federal housing programs either within or outside\n\nof the State of Oklahoma, such Oklahoma public agency may do so.\n\nAppropriate action by ordinance, resolution or otherwise\n\npursuant to law of the governing bodies of the participating public\n\nagencies shall be necessary before any such agreement may enter into\n\nforce.\n\nC. Any such agreement shall specify the following:\n\n1. Its duration;\n\n2. The precise organization, composition and nature of any\n\nseparate legal or administrative entity created thereby together\n\nwith the powers delegated thereto, provided such entity may be\n\nlegally created;\n\n3. Its purpose or purposes;\n\n4. The manner of financing the joint or cooperative undertaking\n\nand of establishing and maintaining a budget therefor;\n\n5. The permissible method or methods to be employed in\n\naccomplishing the partial or complete termination of the agreement\n\nand for disposing of property upon such partial or complete\n\ntermination; and\n\n6. Any other necessary and proper matters.\n\nD. In the event that the agreement does not establish a\n\nseparate legal entity to conduct the joint or cooperative\n\nundertaking, the agreement shall, in addition to paragraphs 1, 3, 4,\n\n5 and 6 set forth in subsection C of this section, contain the\n\nfollowing:\n\n1. Provisions for an administrator or a joint board responsible\n\nfor administering the joint or cooperative undertaking. In the case\n\nof a joint board, public agencies party to the agreement shall be\n\nrepresented; and\n\n2. The manner of acquiring, holding and disposing of real and\n\npersonal property used in the joint or cooperative undertaking.\n\nE. No agreement made pursuant to this act shall relieve any\n\npublic agency of any obligation or responsibility imposed upon it by\n\nlaw except that, to the extent of actual and timely performance\n\nthereof by a joint board or other legal or administrative entity\n\ncreated by an agreement made hereunder, the performance may be\n\noffered in satisfaction of the obligation or responsibility.\n\nF. Every agreement made hereunder, except those agreements\n\nauthorized by Section 601 of Title 69 of the Oklahoma Statutes which\n\nshall be approved by the district attorney, shall, prior to and as a\n\ncondition precedent to its entry into force, be submitted to the\n\nAttorney General who shall determine whether the agreement is in\n\nproper form and compatible with the laws of this state, including\n\nany agreements entered into pursuant to the provisions of the\n\nOklahoma Community Economic Development Pooled Finance Act. The\n\nAttorney General shall approve any agreement submitted to the\n\nAttorney General hereunder unless the Attorney General shall find\n\nthat it does not meet the conditions set forth herein and shall\n\ndetail in writing addressed to the governing bodies of the public\nt Page 731\n\nany agreements entered into pursuant to the provisions of the\n\nOklahoma Community Economic Development Pooled Finance Act. The\n\nAttorney General shall approve any agreement submitted to the\n\nAttorney General hereunder unless the Attorney General shall find\n\nthat it does not meet the conditions set forth herein and shall\n\ndetail in writing addressed to the governing bodies of the public\n\nagencies concerned the specific respects in which the proposed\n\nagreement fails to meet the requirements of law. Failure to\n\ndisapprove an agreement submitted hereunder within sixty (60) days\n\nof its submission shall constitute approval thereof.\n\nG. Financing of joint projects by agreements shall be as\n\nprovided by law, including any agreements entered into pursuant to\n\nthe provisions of the Oklahoma Community Economic Development Pooled\n\nFinance Act.","path":["OK Code","Title 74"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os74.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"3de5ad26c07186eea27868bdc31a2b10a39834202fd9dfcfb5abd29b5ad186ae","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-74-74-1003","next":"us-ok/okla.-stat.-tit.-74-74-1005"},"notice":"GroundRules: Original legal text. Not legal advice."}