Oklahoma SB1476 modifies the powers and authority of the Commissioners of the Land Office, including leasing, investment, and operational procedures.
Oklahoma SB1476 amends the powers and authority of the Commissioners of the Land Office, focusing on leasing, investment, and operational procedures. The bill modifies the leasing process for commercial and investment lands, requiring public bidding for leases over three years and limiting commercial leases to 55 years. It also changes investment guidelines, allowing investments in various assets and requiring annual investment plans.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.