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§ 5209. Powers and duties of board

Oklahoma Statutes AnnotatedTitle 74. State Government

Oklahoma Statutes Annotated
Title 74. State Government (Refs & Annos)
Chapter 72. Oklahoma Space Industry Development Act (Refs & Annos)
74 Okl.St.Ann. § 5209
§ 5209. Powers and duties of board
The powers and duties of the Oklahoma Space Industry Development Authority shall be exercised by and through the Board of Directors. Without limiting the generality of the foregoing, the Board shall have the power and authority to:
1. Adopt, amend, and repeal rules to carry out the purposes of this act;1
2. Maintain an office at such place or places as it may designate;
3. Execute all contracts and other documents necessary or desirable to carry out the purposes of this act; provided, the Board may authorize one or more members of the Board to execute contracts and other documents on behalf of the Board or the Authority;
4. Hire employees, including a person to act as the chief executive officer of the Authority with such duties and power as the Board may prescribe and designate up to five positions as being in the unclassified service;
5. Contract for the services of attorneys, underwriters or other financial professionals for the purpose of issuing and marketing the obligations of the Authority, notwithstanding the provisions of Section 18c of Title 74 of the Oklahoma Statutes;
6. Engage in the planning for spaceports and the spaceport system;
7. Execute intergovernmental agreements as provided by law;
8. Establish reserve funds for future Board operations;
9. Enter into agreements for the joint development of properties necessary or convenient for, the operation of spaceports and the spaceport system; and
10. Prepare an annual report of operations.

Credits

Laws 1999, c. 164, § 9, eff. July 1, 1999; Laws 2000, c. 286, § 2, emerg. eff. June 5, 2000.

Footnotes

Title 74, § 5201 et seq.
74 Okl. St. Ann. § 5209, OK ST T. 74 § 5209
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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