OK SB1075

Raises the population threshold for municipal conflict-of-interest exemptions from 2,500 to 5,000 residents, allowing more municipalities to permit officers/employees with proprietary business interests to contract with their city under certain conditions

Increases transaction limits for permitted activities: single activity cap raised from $500 to $2,500, and annual cap raised from $10,000 to $15,000

Creates new exemption allowing municipal officers/employees to contract with their municipality regardless of population size when competitive bids are obtained with at least two bids submitted and public notice is provided

Requires all bids (successful and unsuccessful), contracts, and bonds to be maintained in the municipality's main office for 5 years from bid opening or 3 years from contract completion, whichever is longer, and made available for public inspection

Effective date: November 1, 2012