Oklahoma § 68-4311 - Contract, memorandum of understanding, other agreement Subsequent unenforceability of act

§ 68-4311. Contract, memorandum of understanding, other agreement Subsequent unenforceability of act

A. A county, city or town that enters into any contract,

memorandum of understanding or other agreement with a person or

lawfully recognized business entity while the Oklahoma Quality

Events Incentive Act is in force and effect and in reliance upon the

provisions of the Oklahoma Quality Events Incentive Act shall

Oklahoma Statutes - Title 68. Revenue and Taxation

receive the payments provided by this act even if the Oklahoma

Quality Events Incentive Act ceases to have the force and effect of

law at any time subsequent to the execution of such contract,

memorandum of understanding or agreement, including any amendments

to such documents if the amendments are incorporated and adopted

while the Oklahoma Quality Events Incentive Act is in force and

effect.

B. Any person or lawfully recognized business entity that

enters into a contract, memorandum of understanding or other

agreement with another person or lawfully recognized business entity

while the Oklahoma Quality Events Incentive Act is in force and

effect and in reliance upon the provisions of the Oklahoma Quality

Events Incentive Act shall have the right to enforce the terms of

such contract, memorandum of understanding or agreement with respect

to any amount payable pursuant to the terms of the Oklahoma Quality

Events Incentive Act as of the date upon which such contract,

memorandum of understanding or agreement is executed, including any

amendments to such documents if the amendments are incorporated and

adopted while the Oklahoma Quality Events Incentive Act is in force

and effect.

Added by Laws 2010, c. 386, § 11, eff. July 1, 2012.