Oklahoma § 74-6204 - Lease-purchase agreement authority - Funding
Full text of Oklahoma Oklahoma Statutes § 74-6204 — Lease-purchase agreement authority - Funding, with citation guidance and answers to common questions.
§ 74-6204. Lease-purchase agreement authority - Funding
The Office of Management and Enterprise Services shall have the
authority to enter into a lease-purchase agreement for a period not
to exceed twenty (20) years for the purposes of providing funding in
the amount of Three Million Dollars ($3,000,000.00) for additional
repairs, construction, and remediation to the land and improvements
formerly known as the Hissom Memorial Treatment Center. The
Legislature shall appropriate sufficient funds each year to the
Hissom Memorial Treatment Center Surplus Fund to satisfy the
obligations under the lease-purchase agreement authorized pursuant
to this section. Upon the sale of the land or improvements funded
through the lease-purchase agreement, the proceeds of the sale shall
be used first to satisfy the remaining payments under the leasepurchase agreement, and then the balance of the proceeds shall be
applied as otherwise provided by law.
Added by Laws 2009, c. 450, § 1. Amended by Laws 2012, c. 304, §
1048.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 74-6204
What does Oklahoma Statutes § 74-6204 cover?
Section 74-6204 ("Lease-purchase agreement authority - Funding") 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 § 74-6204?
A common citation format is "Oklahoma Statutes § 74-6204" (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 § 74-6204 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.