Oklahoma § 74-8224 - Powers of Authority
Full text of Oklahoma Oklahoma Statutes § 74-8224 — Powers of Authority, with citation guidance and answers to common questions.
§ 74-8224. Powers of Authority
A. The Authority shall have the power to:
1. Adopt a seal for its official use;
2. Contract;
3. Own property;
4. Accept gifts and donations;
5. Invest funds under its control; and
6. Such other powers as are not inconsistent with the duties
and responsibilities imposed upon the Authority.
B. The Authority shall not have the power to:
1. Acquire property through the use of eminent domain;
Oklahoma Statutes - Title 74. State Government
2. Become indebted in any manner; or
3. Take any action in derogation of the rights, whether based
on contract or otherwise, established pursuant to any agreements
entered into between private entities, between public entities or by
one or more private and one or more public entities.
Added by Laws 2001, c. 315, § 11.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 74-8224
What does Oklahoma Statutes § 74-8224 cover?
Section 74-8224 ("Powers of Authority") 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 § 74-8224?
A common citation format is "Oklahoma Statutes § 74-8224" (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 § 74-8224 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.