Oklahoma § 60-180.4 - Regulation of certain public trusts operating a water

§ 60-180.4. Regulation of certain public trusts operating a water

supply system.

A. The Corporation Commission shall have general supervision

over trusts created for the benefit and furtherance of a public

function pursuant to Title 60 of the Oklahoma Statutes, Sections 176

et seq., where:

1. The trust has multiple beneficiaries; and

2. A water supply system is operated by the trust or a person

or entity to which such function has been delegated; and

3. The water supply system is operated in a county having a

population in excess of five hundred thousand (500,000) persons

according to the most recent Federal Decennial Census; and

4. The beneficiaries do not regulate the rates, charges and

practices of the water supply system.

Oklahoma Statutes - Title 60. Property

B. The Corporation Commission shall also have general

supervision over any person or entity to whom the function of

operating a water supply system has been delegated by such a trust.

C. The Corporation Commission shall have the power to fix and

establish rates and to prescribe rules, requirements and regulations

affecting their services, operation, and the management and conduct

of the business of persons and entities subject to this section and

shall inquire into the management of the business thereof, and the

method in which same is conducted. It shall have full visitorial

and inquisitorial power to examine such operations, and keep

informed as to their general conditions, their capitalization,

rates, plants, equipment, apparatus, and other property owned,

leased, controlled or operated, the value of same, the management,

conduct, operation, practices and services, not only with respect to

the adequacy, security and accommodation afforded by their service,

but also with respect to their compliance with the Constitution and

laws of this state, and with the orders of the Commission.

Laws 1972, c. 63, § 1, emerg. eff. March 27, 1972.