Oklahoma § 74-5085.2 - Statement of need - Oklahoma Capital Investment Board Certification by Governor
Full text of Oklahoma Oklahoma Statutes § 74-5085.2 — Statement of need - Oklahoma Capital Investment Board Certification by Governor, with citation guidance and answers to common questions.
§ 74-5085.2. Statement of need - Oklahoma Capital Investment Board Certification by Governor
A. Fundamental changes have occurred in national and
international financial markets and in the financial markets of this
state. Oklahoma needs to increase the availability of equity and
near-equity capital for emerging, expanding and restructuring
enterprises in Oklahoma. Such investments will create jobs for
Oklahomans and will help to diversify the state's economic base.
B. Any public trust organized pursuant to Title 60 of the
Oklahoma Statutes for the benefit of the entire State of Oklahoma,
which was created for multiple purposes shall become eligible to be
the Oklahoma Capital Investment Board as provided by this act. Such
trust may amend its indenture to encompass the provisions of this
act, and, upon certification by the Governor, such trust shall be
known as and exercise all the powers of the Oklahoma Capital
Investment Board as provided by law. After the certification of the
trust as the Oklahoma Capital Investment Board, the trustees of such
trust shall become members of the Board of Directors of the Oklahoma
Capital Investment Board as provided for in Section 6 of this act.
The Oklahoma Capital Investment Board is hereby constituted a public
trust of the state and the exercise of the Board and powers
conferred by this act shall be deemed and held to be the performance
of essential public purposes.
Added by Laws 1991, c. 188, § 2, eff. July 1, 1991.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 74-5085.2
What does Oklahoma Statutes § 74-5085.2 cover?
Section 74-5085.2 ("Statement of need - Oklahoma Capital Investment Board Certification by Governor") 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 § 74-5085.2?
A common citation format is "Oklahoma Statutes § 74-5085.2" (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 § 74-5085.2 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.