Oklahoma § 74-5074 - Director - Powers and duties

§ 74-5074. Director - Powers and duties

The Director of the Oklahoma Department of Commerce shall have

the power and authority to carry out the following functions:

1. Solicit support and participation of public and private

agencies, universities and other institutions for the purposes of

establishing and operating incubators;

2. Assemble, publish and disseminate information to potential

sponsors and tenants in this state regarding small business

opportunities, techniques for forming incubators, sources of public

and private assistance and sources of related financing;

3. Organize, host and participate in seminars and other forums

designed to disseminate information and technical assistance

regarding incubators to small businesses in this state; 4. Review

and approve applications from potential sponsors which seek to

qualify for exemption from state income tax pursuant to Sections 5

and 6 of this act; and

5. Establish a volunteer, local advisory committee, consisting

of representatives from business and administrators at educational

institutions and other groups, to assist in the performance of these

functions.

Added by Laws 1987, c. 228, § 4, eff. Jan. 1, 1988.