Oklahoma § 36-302.1 - Insurance Department Oklahoma City office location

§ 36-302.1. Insurance Department Oklahoma City office location

A. The Insurance Commissioner of the State of Oklahoma, in

addition to the other powers and duties vested in the Commissioner,

shall be authorized to relocate the Oklahoma Insurance Department's

Oklahoma City offices to a single site in Oklahoma County, including

but not limited to a tract of land located along the Lincoln

Boulevard Corridor owned by the Commissioners of the Land Office of

the State of Oklahoma, as Trustees of the Land Office Trust.

B. The new office location shall be occupied by the Oklahoma

Insurance Department and shall consist of sufficient square footage

to accommodate staff offices, program areas, staff conference areas,

records and computer areas, general storage areas, security

equipment storage areas, main room, reception area and other

necessary areas for operation of the Insurance Department.

C. The Insurance Commissioner is authorized to purchase a

building, for no more than the appraised value, to serve as the new

office location, or in the alternative, the Insurance Commissioner

is authorized to enter into a lease-purchase agreement for the

acquisition of such building with the person or entity that will

develop or build the building. For the purposes of the purchase or

build-out of the new office location, the Insurance Department is

hereby exempted from the requirements under the Public Competitive

Oklahoma Statutes - Title 36. Insurance

Bidding Act of 1974 provided in Sections 101 through 139 of Title 61

of the Oklahoma Statutes, provided that no funds used for such

purchase or build-out come from the General Revenue Fund, and the

expenditure of all funds is overseen and approved by both the

Oklahoma Insurance Department and the Commissioners of the Land

Office.

Added by Laws 2018, c. 162, § 1, eff. Nov. 1, 2018.