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OK HB2837
Bill
Status
2/6/2012
Primary Sponsor
Scott Martin
Click for details
AI Summary
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Amends 60 O.S. 2011, Section 176 to modify bidding procedures and requirements for public trusts.
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Removes previous specific bidding provisions (contracts over $50,000 requiring competitive bids with emergency exceptions) and subjects all public trusts to the Public Competitive Bidding Act of 1974 (Title 61 of Oklahoma Statutes).
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Maintains existing provisions regarding bond sales, financial reporting requirements, bylaws approval, and eminent domain authority for public trusts.
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Effective November 1, 2012.
Legislative Description
Property; relating to public trusts; providing exception for certain contracts; requiring justification for contract to be documented; effective date.
Property
Last Action
Authored by Senator Holt (principal Senate author)
3/5/2012