{"data":{"id":"us-ok/okla.-stat.-tit.-74-74-5403","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 74, § 74-5403","heading":"Retention and expansion of military installations –","body":"Oklahoma Strategic Military Planning Commission Incentive Fund.\n\nA. The Legislature finds that the five military installations\n\nin this state, Tinker Air Force Base, Vance Air Force Base, Altus\n\nAir Force Base, Fort Sill Army Post and the McAlester Army\n\nAmmunition Plant, are vital to the economic health of Oklahoma\n\nbusinesses and communities and an integral and important part of the\n\nstate economy. It is therefore in the state interest that these\n\ninstallations not only be retained but if possible, be expanded from\n\ntheir current substantial workforces.\n\nB. There is hereby established a fund within the State Treasury\n\nfor the Department of Commerce to be known as the “Oklahoma\n\nStrategic Military Planning Commission Incentive Fund”. The fund\n\nshall consist of all monies deposited into the fund by law. The\n\nfund shall be a continuing fund not subject to fiscal year\n\nlimitations. Monies in the fund shall be distributed by the\n\nDepartment to voluntary associations of Oklahoma local governmental\n\njurisdictions or other legal entities which perform functions for\n\nthe benefit of or which exist for the primary benefit of Oklahoma\n\nlocal governmental entities, for distribution to eligible local\n\ngovernments, as approved by the Oklahoma Strategic Military Planning\n\nCommission.\n\nC. In order for an entity to be eligible to obtain funds from\n\nthe Oklahoma Strategic Military Planning Commission Incentive Fund,\n\na local governmental entity shall be required to:\n\n1. Demonstrate that it would be affected by realignment or\n\nclosure of a military installation specified in subsection A of this\n\nsection; and\n\n2. Develop a plan, and file it and have it approved by the\n\nOklahoma Strategic Military Planning Commission, to expend funds\n\nfrom local sources, matched in whole or in part with monies in the\n\nfund, for public projects necessary to protect the interests of the\n\nentity and its residents with respect to realignment or closure of\n\nthe military installation.\n\nD. In order to be filed with and approved by the Commission,\n\nthe plan shall have first been approved by an affirmative vote of\n\ntwo-thirds (2/3) of the members of the governing board of the local\n\ngovernmental entity. The vote shall be memorialized in a document,\n\nexecuted under oath, that states that the record of the vote is a\n\ntrue and accurate account of the proceedings conducted by the\n\ngoverning board to be filed with the Department.\n\nE. Any entity which qualifies for funds pursuant to this\n\nsection shall be required to provide matching funds or to provide\n\nequivalent value in order to obtain available funds or funds for\n\nplanning expenditures. No funds available pursuant to the\n\nprovisions of this section shall be used to pay any administrative\n\nexpenses of the entity requesting the funds. The Department shall\n\nmonitor expenditures made pursuant to this section to ensure\n\ncompliance with the provisions of this section. Misuse of funds by\n\nan entity shall disqualify the entity from further funding for a\n\nperiod of one (1) year from the date as of which any report by the\n\nDepartment is issued revealing a violation of the requirements of\n\nthis section.\n\nF. An entity which violates the provisions of this section\n\nshall be liable to the State of Oklahoma for treble the amount of\n\nfunds identified as having been impermissibly used for the payment\n\nor reimbursement of administrative expenses. The payment shall be\n\nmade to the Department for deposit in the Oklahoma Strategic\n\nMilitary Planning Commission Incentive Fund and such funds shall\n\nbecome available for distribution as otherwise provided by this\n\nsection; provided, no such funds shall be paid to an entity which\n\nhas been required to make the treble damage payment.\n\nG. The expenditures from the Oklahoma Strategic Military\n\nPlanning Commission Incentive Fund, made in accordance with the\n\nrequirements of this section, shall be construed as an expenditure\nnd and such funds shall\n\nbecome available for distribution as otherwise provided by this\n\nsection; provided, no such funds shall be paid to an entity which\n\nhas been required to make the treble damage payment.\n\nG. The expenditures from the Oklahoma Strategic Military\n\nPlanning Commission Incentive Fund, made in accordance with the\n\nrequirements of this section, shall be construed as an expenditure\n\nof public funds in furtherance of governmental functions and for the\n\npurpose of conferring general and uniform benefits resulting from\n\nthe expenditures.","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":"46fbf8767f3e64a1a2cc63dbccd94dcfaeb4a66c02d49d8f939cec5ed8a215e8","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-74-74-5402","next":"us-ok/okla.-stat.-tit.-74-74-581"},"notice":"GroundRules: Original legal text. Not legal advice."}