HB3943

Oklahoma HB3943 amends the administration of leases by the Commissioners of the Land Office, authorizing hunting leases and clarifying rights and.

Oklahoma HB3943 amends Oklahoma statutes to authorize the Commissioners of the Land Office to grant commercial, agricultural, and hunting leases on trust property. It specifies that commercial leases cannot exceed fifty-five years and must be offered at fair market value through public bidding. Hunting leases can be offered on the same parcels as commercial and agricultural leases, provided notice is given before the commencement of other leases.