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STATE OF OKLAHOMA
1st Session of the 60th Legislature (2025)
HOUSE BILL 1068 By: Gann
AS INTRODUCED
An Act relating to public finance; prohibiting state
or local government entities from entering into
certain agreements; providing certain propriety
information not subject to disclosure; 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 10001 of Title 62, unless there
is created a duplication in numbering, reads as follows:
A. Except as provided by subsection B of this section, n o state
governmental entity or public trust having the state as its
beneficiary may enter into any agreement with a person, partnership,
limited partnership, limited liability partnership, corporation,
limited liability company, trust or other legal entity that would
prohibit the state governmental entity from making disclosure o f the
terms of any agreement with such entity to make payment to or confer
value upon the entity using an incentive, tax credit, direct or
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indirect payment, grant, or similar benefit offered to such entity
if the benefit is provided through the use of stat e taxes.
B. The provisions of subsection A of this section shall not
require a state governmental entity or a public trust having the
state as its beneficiary to disclose information of a proprietary
nature with respect to a for -profit business entity if such
information has been provided to the state governmental entity or
public trust by or on behalf of the for -profit business entity, such
as trade secrets, the cost of inputs used or consumed by the
business entity, the labor costs of the for -profit business entity,
or information related to profit margins on goods or services sold
by the for-profit business entity.
SECTION 2. This act shall become effective November 1, 202 5.
60-1-10539 MAH 12/23/24