Oklahoma § 62-825 - Preliminary Project Plan – Public hearing – Notice – Final

§ 62-825. Preliminary Project Plan – Public hearing – Notice – Final

Project Plan.

A. Upon a request by the Governor, the Oklahoma Department of

Commerce shall prepare a Preliminary Project Plan relating to a

proposed project. This Preliminary Project Plan shall set forth the

following information:

1. A description of the economic development project, including

the name of private companies being assisted, if any, and the nature

of such assistance;

2. An estimate of the total project costs of the project;

3. A description of the bonds proposed to be issued, including

the par amount of bonds proposed for issuance by each municipality

or county comprising the proposed Regional District;

4. A listing of the municipalities and counties comprising the

proposed Regional District;

5. A description of the economic impact that the project will

have on the municipalities and counties comprising the proposed

Regional District;

6. A description of the type and amount of tax that will be

authorized for the payment of principal, interest and premium, if

any, on the bonds;

7. The name of the public trust designated to administer the

project; and

8. Such other information as the Department may deem

appropriate.

B. Following the preparation of the Preliminary Project Plan,

the Department shall conduct public hearings for the purpose of

receiving input from the public regarding the Preliminary Project

Plan. If the proposed Regional District consists of one county, the

public hearing shall be held in the incorporated municipality having

the highest population in the county according to the most recent

Federal Decennial Census or most recent annual estimate of such

population. If the proposed Regional District consists of more than

one county, the public hearing shall be held in the municipality

Oklahoma Statutes - Title 62. Public Finance

having the highest population in each such county according to the

most recent Federal Decennial Census or most recent annual estimate

of such population. If the proposed Regional District consists of

one municipality, the public hearing shall be held in such

municipality. If the proposed Regional District consists of more

than one municipality, the public hearing shall be held in each such

municipality. If the proposed Regional District consists of one

municipality and one county, the public hearing shall be held in the

municipality and, if not a duplication of the hearing location, in

the municipality within the county having the highest population

according to the most recent Federal Decennial Census or most recent

annual estimate of such population. If the proposed Regional

District consists of more than one municipality and more than one

county and the public hearing location is not otherwise prescribed

by this subsection, the public hearing shall be held in each of the

municipalities and, if not already satisfied by the hearing

requirement prescribed by this paragraph, for purposes of a hearing

in any of the affected counties, the public hearing shall be held in

each of the municipalities having the highest population in each

county according to the most recent Federal Decennial Census or most

recent annual estimate of such population.

C. Notice of the time, date, and place of the public hearings

shall be published in one or more newspapers of general circulation

within each of the municipalities and counties comprising the

proposed Regional District. The notice shall also inform the public

that a copy of the Preliminary Project Plan can be obtained from the

Department without charge. Such publication shall be at least seven

(7) days prior to the hearings. At the hearings, comments from all

interested persons shall be received by the Department and a record

made of such comments.

D. After the public hearings are concluded, the Department

shall prepare a Final Project Plan, based upon the Preliminary

Project Plan, but giving due consideration to the comments received

at the public hearings. The Final Project Plan shall also include a

certification by the Department that the proposed project will have

a substantial economic impact on each of the municipalities and

counties proposed for inclusion in the Regional District. The Final

Project Plan shall include the same items listed in subsection A of

this section. No municipalities or counties may be listed in the

Final Project Plan for inclusion in a Regional District other than

those listed in the Preliminary Project Plan. A municipality or

county may be omitted in the Final Project Plan if the Department

determines that the project will not have a substantial economic

impact within such municipality or county. Thereafter, the

Department shall forward the Final Project Plan to the Governor.

Added by Laws 2001, c. 318, § 5, eff. Nov. 8, 2002.

Oklahoma Statutes - Title 62. Public Finance