Oklahoma Code § 62-908

Title 62. Public Finance: Oklahoma State Government Asset Reduction and Cost Savings
Open in Lexace · Ask the AI about this section
Program.
A.  There is hereby established the Oklahoma State Government
Asset Reduction and Cost Savings Program.
B.  No later than December 31 each year, the Director of the
Office of Management and Enterprise Services shall publish a
comprehensive report detailing state-owned properties.
C.  The report mandated in accordance with the provisions of
this section shall list the five percent (5%) most underutilized
state-owned properties.  The report shall describe the value of
properties falling within the description in this subsection, assess
the potential for purchase should the properties be offered for
sale, and describe the impact on local-level tax rolls in the event
the properties are purchased by a nongovernmental entity.
D.  The Director of the Office of Management and Enterprise
Services shall promulgate rules establishing procedures by which
each state agency, board, commission, and public trust having the
state as a beneficiary, excluding those otherwise exempted under
Section 327 of Title 61 of the Oklahoma Statutes, shall submit the
necessary data to the Office of Management and Enterprise Services
for the development of this report.
E.  State agencies, boards, commissions, and public trusts
having the state as a beneficiary shall comply with procedures
promulgated pursuant to the terms of this section.
F.  The report and data collected pursuant to this section shall
be published as a data feed on the data.ok.gov website.
G.  In addition to the requirements of subsection C of this
section, the Office of Management and Enterprise Services may make
recommendations for the sale of other state-owned properties based
upon the value of the property and the potential for net gain for

the state based upon the data obtained for the Oklahoma State
Government Asset Reduction and Cost Savings Program.
H.  There is hereby created the Maintenance of State Buildings
Revolving Fund.  The fund shall be a continuing fund, not subject to
fiscal year limitations, and shall serve as the depository for
proceeds from the sale of state-owned properties pursuant to the
Oklahoma State Government Asset Reduction and Cost Savings Program.
The fund shall further consist of monies appropriated thereto and
other funds designated for deposit therein.  All monies accruing to
the credit of the fund are hereby appropriated and may be expended
exclusively for maintaining and repairing state-owned properties and
buildings pursuant to the procedures set forth in Section 901.1 of
Title 62 of the Oklahoma Statutes and for acquisition of information
technology tools or resources that state agencies, boards,
commissions, and public trusts having the state as a beneficiary
shall use in carrying out their obligations in accordance with this
act.  The total expenditure for information technology resources
shall not exceed One Hundred Thousand Dollars ($100,000.00).
Expenditures from the fund shall be made upon warrants issued by the
State Treasurer against claims filed as prescribed by law with the
Director of the Office of Management and Enterprise Services for
approval and payment.  Expenditures from the Maintenance of State
Buildings Revolving Fund shall be detailed in a data feed and made
available through the data.ok.gov web portal.
I.  The Director of the Office of Management and Enterprise
Services shall notify entities found by the Office to be out of
compliance with the reporting provisions of this section in writing.
J.  This section shall not be applicable to the following or
their lands, properties, buildings, funds, or revenue:
1.  The Oklahoma Ordnance Works Authority;
2.  The Commissioners of the Land Office; and
3.  Institutions comprising The Oklahoma State System of Higher
Education, except as to the data reporting requirements in this
section.
K.  The report required in subsection B of this section shall
include an indication of whether a property is owned by the Oklahoma
Historical Society, is listed on the National Register of Historic
Places or with the National Trust for Historic Preservation, or is
potentially of historical significance.  The Office of Management
and Enterprise Services shall notify the Oklahoma Historical Society
and obtain its approval prior to the sale of any such property.
Added by Laws 2011, c. 115, § 1, eff. Nov. 1, 2011.  Amended by Laws
2012, c. 121, § 2, eff. July 1, 2012; Laws 2012, c. 304, § 705; Laws
2013, c. 209, § 1, eff. July 1, 2013.  Renumbered from § 61.7 of
Title 74 by Laws 2013, c. 209, § 17, eff. July 1, 2013.  Amended by

‹ Prev All Oklahoma sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.