Oklahoma § 74-12005 - Written verification prior to contract
Full text of Oklahoma Oklahoma Statutes § 74-12005 — Written verification prior to contract, with citation guidance and answers to common questions.
§ 74-12005. Written verification prior to contract
A. As used in this section only of the Energy Discrimination
Elimination Act of 2022, "governmental entity" means a state agency
or political subdivision of this state.
B. 1. Except for paragraph 4 of this subsection, this section
applies only to a contract that:
Oklahoma Statutes - Title 74. State Government
a.
is between a governmental entity and a company with
ten or more full-time employees, and
b.
will pay a company One Hundred Thousand Dollars
($100,000.00) or more over the term of the contract
that is to be paid wholly or partly from public funds
of the governmental entity; provided, however, the
provisions of this paragraph shall apply separately to
all companies in a multiple party contract.
2. Except as provided by paragraph 4 of this subsection, a
governmental entity shall not enter into a contract with a company
for goods or services unless the contract contains a written
verification from the company that it:
a.
does not boycott energy companies, and
b.
will not boycott energy companies during the term of
the contract.
3. Except as provided by paragraph 4 of this subsection, a
governmental entity shall not enter into a contract for goods or
services with a listed financial company under Section 3 of this
act.
4. Paragraphs 2 and 3 of this subsection shall not apply to:
a.
a governmental entity that determines the requirements
of paragraphs 2 or 3 of this subsection are
inconsistent with the governmental entity's
constitutional or statutory duties related to the
issuance, incurrence, or management of debt
obligations or the deposit, custody, management,
borrowing, or investment of funds, and
b.
a contract for which a governmental body determines
the supplies or services to be provided are not
otherwise reasonably available from a company that is
not a listed financial company under Section 3 of this
act.
Added by Laws 2022, c. 231, § 5, eff. Nov. 1, 2022.
Frequently Asked Questions About Oklahoma § 74-12005
What does Oklahoma Statutes § 74-12005 cover?
Section 74-12005 ("Written verification prior to contract") 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 § 74-12005?
A common citation format is "Oklahoma Statutes § 74-12005" (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 § 74-12005 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.