Oklahoma HB3649 creates a trust for real property held by the Department of Mental Health and Substance Abuse Services, allowing proceeds from sales.

Oklahoma HB3649 amends the Oklahoma Statutes to establish a trust for real property held by the Department of Mental Health and Substance Abuse Services. The trust allows for the leasing of property not needed by the Department, with income from leases payable to the Department. Proceeds from the sale of any property must be deposited into the Department of Mental Health and Substance Abuse Services Real Property Trust and used for tangible infrastructure improvements, capital projects, or other purposes benefiting the persons served by the Department.

Oklahoma HB3649 creates a trust for real property held by the Department of Mental Health and Substance Abuse Services, allowing proceeds from sales.

Oklahoma HB3649 amends the Oklahoma Statutes to establish a trust for real property held by the Department of Mental Health and Substance Abuse Services. The trust allows for the leasing of property not needed by the Department, with income from leases payable to the Department. Proceeds from the sale of any property must be deposited into the Department of Mental Health and Substance Abuse Services Real Property Trust and used for tangible infrastructure improvements, capital projects, or other purposes benefiting the persons served by the Department.