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SENATE FLOOR VERSION
February 21, 2023
SENATE BILL NO. 519 By: Pugh of the Senate
and
Echols of the House
An Act relating to Commissioners of the Land Of fice;
amending 64 O.S. 2021, Section 1002 , which relates to
powers and authority of the Commissioners; allowing
the Commissioners to lease certain property to
certain schools; providing an effective date; and
declaring an emergency .
BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA :
SECTION 1. AMENDATORY 64 O.S. 2021, Section 1002, is
amended to read as follows:
Section 1002. In order that the state school lands may be
administered in a manner to assure their preservat ion as well as the
appreciation of the trust estate and the maximum return fr om the use
of state school lands for the support and maintenance of the common
schools of the state, the Commissioners of the Land Office, as
trustees of the state school lands, a re hereby authorized and
empowered to:
1. Categorize the state school lands as agricultural or
commercial according to the use which the Commissioners of the Land
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Office determine from time to time to be most beneficial to the
interest of the present and future beneficiaries of the state;
2. Sell, at public auction after appraise ment, the surface
interest in any state school land categorized by the Commissioners
of the Land Office to be excess or when determined to be in the best
interest of the trust;
3. Institute projects to develop and im prove those state school
lands which are categorized as commercial lands;
4. Acquire by exchange, purchase, gift , or grant all real
property and to acquire by exchange, purchase, gift , or grant all
personal property necessary for the purpose of utilizing trust lands
for the development of comm ercial and agricultural leases to
maximize trust income for present and future beneficiaries; and
5. Exchange any real property of the trust for other real
property of equal or g reater value to maximize income for pr esent
and future beneficiaries, in acco rdance with and under the safeguard
of trust requirements ; and
6. Lease real property to a charter school formed pursuant to
the Oklahoma Charter Schools Act. The Commissioners of the Land
Office shall provide a right of first refusal to a charter school
located in the same county or an adjacent county as the real
property available for lease .
SECTION 2. This act shall become effective July 1, 2023.
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SECTION 3. It being immediately ne cessary for the preservation
of the public peace, health, or safety, an emergency is hereby
declared to exist, by reason whereof thi s act shall take effect and
be in full force from and after its passage and approval.
COMMITTEE REPORT BY: COMMITTEE ON EDUCATION
February 21, 2023 - DO PASS