Oklahoma § 3-520 - Powers and duties of board
Full text of Oklahoma Oklahoma Statutes § 3-520 — Powers and duties of board, with citation guidance and answers to common questions.
§ 3-520. Powers and duties of board
The powers and duties of the Oklahoma Space Industry Development
Authority to carry out the provisions of the Oklahoma Space Industry
Development Act 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:
Oklahoma Statutes - Title 3. Aircraft and Airports
1. Adopt, amend, and repeal rules to carry out the purposes of
the Oklahoma Space Industry Development Act;
2. Execute all contracts and other documents necessary or
desirable to carry out the purposes of the Oklahoma Space Industry
Development 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;
3. Hire employees;
4. 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 this title;
5. Engage in the planning for spaceports and the spaceport
system;
6. Execute intergovernmental agreements as provided by law;
7. Establish reserve funds for future Board operations;
8. Enter into agreements for the joint development of
properties necessary or convenient for, the operation of spaceports
and the spaceport system; and
9. Prepare an annual report of operations.
Added by Laws 1999, c. 164, § 9, eff. July 1, 1999. Amended by Laws
2000, c. 286, § 2, emerg. eff. June 5, 2000; Laws 2025, c. 274, § 7,
eff. July 1, 2025. Renumbered from § 5209 of Title 74 by Laws 2025,
c. 274, § 27, eff. July 1, 2025.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 3-520
What does Oklahoma Statutes § 3-520 cover?
Section 3-520 ("Powers and duties of board") is part of the Oklahoma Statutes, the codified statutory law of Oklahoma. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Oklahoma § 3-520?
A common citation format is "Oklahoma Statutes § 3-520" (Oklahoma). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Oklahoma law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Oklahoma official source linked on this page or consult a licensed Oklahoma attorney.
How does Oklahoma § 3-520 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Oklahoma can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Oklahoma.