§ 5077. Responsibilities and duties of sponsor--Not-for-profit enterprises as tenants
Oklahoma Statutes AnnotatedTitle 74. State Government
74 Okl.St.Ann. § 5077
§ 5077. Responsibilities and duties of sponsor--Not-for-profit enterprises as tenants
1. Securing title to the facility or a lease with a sufficient length of term or other security, deemed sufficient by the Director of the Oklahoma Department of Commerce, to assure that the purposes of this act1 are carried out;
B. Not-for-profit enterprises are not permitted as tenants in incubators assisted under this act except by specific consent of the Director in cases in which such tenancy would be exceptionally helpful in promoting the purposes of this act or such tenancy is essential to the economic viability of the incubator.
Credits
Laws 1987, c. 228, § 7, eff. Jan. 1, 1988.
Footnotes
Title 74, § 5071 et seq.
74 Okl. St. Ann. § 5077, OK ST T. 74 § 5077
Current with emergency effective legislation through Chapter 257 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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