Oklahoma § 74-588.1 - Cost analysis – Report - Finding
Full text of Oklahoma Oklahoma Statutes § 74-588.1 — Cost analysis – Report - Finding, with citation guidance and answers to common questions.
§ 74-588.1. Cost analysis – Report - Finding
A. Before any agency contracts to privatize a function,
program, service, unit, or division valued at One Million Dollars
($1,000,000.00) or more, the agency must perform a cost analysis and
provide a copy of the cost analysis report to the Office of
Management and Enterprise Services.
B. The cost analysis shall include a provision for the
protection and retention of third-party revenues currently being
received for the performance of the function, program, service, unit
or division sought to be privatized. Such protected third-party
revenues shall include, but not be limited to, grants, contracts,
federal matching programs, federal pass-through payments, sponsored
programs and payment incentives currently being received as a result
of the performance of the function, program, service, unit or
division sought to be privatized.
C. The Office of Management and Enterprise Services shall
review the cost analysis report and make a finding as to whether it
fulfills the content requirements of the Oklahoma Privatization of
State Functions Act and the rules of the Office. If the cost
analysis report is found not to meet the requirements of the
Oklahoma Privatization of State Functions Act or the rules of the
Office, the Office shall return the cost analysis report to the
agency with instructions.
D. The Director of the Office of Management and Enterprise
Services shall promulgate rules necessary to implement the
provisions of the Oklahoma Privatization of State Functions Act.
Added by Laws 2003, c. 355, § 2, eff. Nov. 1, 2003. Amended by Laws
2012, c. 304, § 863; Laws 2018, c. 227, § 1, eff. Nov. 1, 2018.
Oklahoma Statutes - Title 74. State Government
Frequently Asked Questions About Oklahoma § 74-588.1
What does Oklahoma Statutes § 74-588.1 cover?
Section 74-588.1 ("Cost analysis – Report - Finding") 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 § 74-588.1?
A common citation format is "Oklahoma Statutes § 74-588.1" (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 § 74-588.1 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.