Oklahoma § 63-1059 - Interest of commissioners, officers, or employees
Full text of Oklahoma Oklahoma Statutes § 63-1059 — Interest of commissioners, officers, or employees, with citation guidance and answers to common questions.
§ 63-1059. Interest of commissioners, officers, or employees
A. During his tenure and for one (1) year thereafter, no
commissioner, officer, or employee of the local housing authority
shall voluntarily acquire any interest, direct or indirect, in any
project or in any property included or planned to be included in any
project, or in any contract or proposed contract relating to any
housing project. If any such commissioner, officer, or employee
involuntarily acquired any such interest, or voluntarily or
involuntarily acquired any such interest prior to appointment or
employment as commissioner, officer, or employee, the commissioner,
officer, or employee, in any such event, shall immediately disclose
his interest in writing to the authority, and such disclosure shall
be entered upon the minutes of the authority, and the commissioner,
officer, or employee shall not participate in any action by the
authority relating to the property or contract in which he has any
such interest. Any violation of the foregoing provisions of this
section shall constitute misconduct in office. This section shall
not be applicable to the acquisition of any interest in notes or
bonds of an authority issued in connection with any housing project,
or to the execution of agreements by banking institutions for the
deposit or handling of funds in connection with a project or to act
as trustee under any trust indenture, or to utility services the
rates for which are fixed or controlled by a governmental agency.
Oklahoma Statutes - Title 63. Public Health and Safety
B. Nothing in this section shall be construed to apply to the
housing authority commissioner who is a tenant.
Amended by Laws 1988, c. 233, § 4, operative July 1, 1988.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 63-1059
What does Oklahoma Statutes § 63-1059 cover?
Section 63-1059 ("Interest of commissioners, officers, or employees") 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 § 63-1059?
A common citation format is "Oklahoma Statutes § 63-1059" (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 § 63-1059 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.