§ 690.8. Membership of Authority--Appointment--Terms--Officers--Compensation--Conflict of inter...
Oklahoma Statutes AnnotatedTitle 62. Public Finance
62 Okl.St.Ann. § 690.8
§ 690.8. Membership of Authority--Appointment--Terms--Officers--Compensation--Conflict of interest--Eligibility--Treasurer's bond
A. The boards of county commissioners of each member county of an enterprise district or the governing bodies of each member city or town of an enterprise district shall appoint, from their respective counties, cities or towns, no more than five (5) persons to serve as members of the Authority of the enterprise district.
C. The members of any Authority first appointed shall serve staggered terms. Thereafter, each successor shall serve for a term of five (5) years, except that any person appointed to fill a vacancy shall be appointed to only the unexpired term and any member shall be eligible for reappointment, and no member shall be removed except for cause.
F. During his tenure and for three (3) years thereafter, no member of an Authority shall own or acquire any interest, direct or indirect, in any facility included or planned to be included in any project financed through bonds issued pursuant to this act.1
Credits
Laws 1983, c. 168, § 8, emerg. eff. June 6, 1983; Laws 1985, c. 174, § 7, emerg. eff. June 18, 1985.
Footnotes
Title 62, § 690.1 et seq.
62 Okl. St. Ann. § 690.8, OK ST T. 62 § 690.8
Current with emergency effective legislation through Chapter 3 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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