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STATE OF OKLAHOMA
2nd Session of the 58th Legislature (2022)
COMMITTEE SUBSTITUTE
FOR
HOUSE BILL NO. 4001 By: Culver
COMMITTEE SUBSTITUTE
An Act relating to corporations; modifying power to
contract; providing for codification; and providing
an effective date.
BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
SECTION 1. NEW LAW A new section of law to be codified
in the Oklahoma Statutes as Section 1016.1 of Title 18, unless there
is created a duplication in numbering, reads as follows:
Any corporation borrowing money, securing any indebtedness ,
accepting grants, applying to borrow money, to secure any
indebtedness, or to accept grants from the United States of Ameri ca,
or any instrumentality, agency or department thereof , which entitles
that corporation to a protected service area under 7 U.S.C., Section
1926(b), and any amendments thereto, must first have established a
water district under Title 82 of the Oklahoma Statutes, and any
amendment thereto, which district, as established by the Declaration
of Incorporation, will define the protected service area.
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SECTION 2. This act shall become effective November 1, 2022.
58-2-10804 AQH 03/01/22