HB4001 HFLR Page 1
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HOUSE OF REPRESENTATIVES - FLOOR VERSION
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 America,
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.
HB4001 HFLR Page 2
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SECTION 2. This act shall become effective November 1, 2022.
COMMITTEE REPORT BY: COMMITT EE ON JUDICIARY - CIVIL, dated
03/01/2022 - DO PASS, As Amended.