§ 2-7-201. Special Economic Development Trust Funds
Oklahoma Statutes AnnotatedTitle 27A. Environment and Natural Resources
27A Okl.St.Ann. § 2-7-201
§ 2-7-201. Special Economic Development Trust Funds
B. The trust fund shall be used to market advantages of industrial development and to promote industrial development in the counties located within the trust area. Such uses shall allow the authority to acquire assets, develop property, and to contract with local municipalities or economic development trusts or authorities to promote economic development in the counties located within the trust area.
2. Each Trustee shall be appointed by a majority vote of the county commissioners of the county that the Trustee represents. A Trustee may be removed prior to the expiration of the term of office by a majority vote of the county commissioners of the county that the Trustee represents. In the event there are two or more Trustees from each county, the initial appointments shall be made so that the terms are staggered. After the initial appointment, each Trustee shall serve a term of two (2) years and may be reappointed.
3. The Trustees shall receive no compensation for service on the Board of Trustees, but may be reimbursed for actual and necessary expenses incurred in the performance of their duties as trustees in accordance with the State Travel Reimbursement Act.1
Credits
Laws 1991, c. 173, § 6; Laws 1991, c. 336, § 1, eff. July 1, 1991; Laws 1992, c. 403, § 17, eff. Sept. 1, 1992; Laws 1993, c. 10, § 8, emerg. eff. March 21, 1993. Renumbered from Title 63, § 1-2005.3C and amended by Laws 1993, c. 145, §§ 117, 359, eff. July 1, 1993. Laws 1994, c. 353, § 25, eff. July 1, 1994.
Footnotes
Title 74, § 500.1 et seq.
27A Okl. St. Ann. § 2-7-201, OK ST T. 27A § 2-7-201
Current with emergency effective legislation through Chapter 316 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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