Oklahoma § 74-5003.4 - Definitions

§ 74-5003.4. Definitions

As used in the Oklahoma Department of Commerce Act:

1. “Board” means the Oklahoma Department of Commerce Board

created in Section 4 of this act;

2. “Chief Executive Officer” means the Chief Executive Officer

of the Oklahoma Department of Commerce;

3. “Committee” means the Legislative Evaluation and Development

Committee as created in Section 5090.1 of this title;

4. “Department” means the Oklahoma Department of Commerce;

5. “Enterprise” means a firm with its principal place of

business in Oklahoma;

6. “Economic Information System” means a comprehensive

statewide data collection, analysis and distribution system which

makes available current and thorough information on Oklahoma

economic trends and future Oklahoma economic opportunities to

communities, firms, farms and individuals in the state; firms and

individuals outside the state considering location in Oklahoma; and

Oklahoma Futures, the Governor, the Legislature and all other state

agencies and institutions; and

7. “Economic Innovation System” means a decentralized statewide

system that responsively and innovatively coordinates technical

assistance, grant and loan programs with local, state, federal and

private sector activities into a single statewide Economic

Innovation System.

Added by Laws 1987, c. 222, § 11, operative July 1, 1987. Amended

by Laws 2024, c. 377, § 3, emerg. eff. June 5, 2024; Laws 2025, c.

133, § 1, eff. Jan. 1, 2026.