Oklahoma § 74-3005 - Determination of fair market price
Full text of Oklahoma Oklahoma Statutes § 74-3005 — Determination of fair market price, with citation guidance and answers to common questions.
§ 74-3005. Determination of fair market price
The Office of Management and Enterprise Services Central
Purchasing Division shall determine the fair market price of all
products and services included in the procurement schedule and shall
revise such prices in accordance with changing market conditions;
provided, however, a change in price shall not be effective prior to
the expiration of thirty (30) days from the date on which such
change is approved. Approved fair market prices shall be reflected
on State Use contracts and procurement schedules within thirty (30)
days of approval and distribution.
Added by Laws 1973, c. 20, § 5, operative July 1, 1973. Amended by
Laws 2022, c. 252, § 7, eff. Nov. 1, 2022.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 74-3005
What does Oklahoma Statutes § 74-3005 cover?
Section 74-3005 ("Determination of fair market price") 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 § 74-3005?
A common citation format is "Oklahoma Statutes § 74-3005" (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 § 74-3005 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.