Oklahoma SB919 clarifies terms for agricultural and commercial leases by the Commissioners of the Land Office and adjusts investment caps for real.
Oklahoma SB919 amends the terms for agricultural and commercial leases by the Commissioners of the Land Office, defining "commercial lease" for lands with greater income potential than agricultural use. It restricts investments in real property to 5% of the total value of permanent school funds, excluding leased properties. The bill also mandates that the Commissioners of the Land Office account for the value of leased real property in the investment cap.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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