Establishes procedures for the County Economic Development Closing Fund in Oklahoma, including expenditure conditions and public disclosure.
The bill establishes a County Economic Development Closing Fund in Oklahoma to support economic development and infrastructure projects. It outlines procedures for budgeting and expending funds, including conditions for expenditures and public disclosure requirements. The board of county commissioners must approve expenditures and enter into agreements with recipients, specifying payment schedules and performance measures. The county must disclose on its website the names of businesses receiving funds, the amounts, and expected economic benefits.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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