1|ENGROSSED SENATE |
|BILL NO. 519 By: Pugh and Brooks of the |
2| Senate |
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4| Echols of the House |
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7| An Act relating to Commissioners of the Land Office; |
| amending 64 O.S. 2021, Section 1002, which relates to |
8| powers and authority of the Commissioners; allowing |
| the Commissioners to lease certain property to |
9| certain schools; providing an effective date; and |
| declaring an emergency. |
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12|BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA: |
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13| SECTION 1. AMENDATORY 64 O.S. 2021, Section 1002, is |
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14|amended to read as follows: |
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15| Section 1002. In order that the state school lands may be |
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16|administered in a manner to assure their preservation as well as the |
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17|appreciation of the trust estate and the maximum return from the use |
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18|of state school lands for the support and maintenance of the common |
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19|schools of the state, the Commissioners of the Land Office, as |
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20|trustees of the state school lands, are hereby authorized and |
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21|empowered to: |
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22| 1. Categorize the state school lands as agricultural or |
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23|commercial according to the use which the Commissioners of the Land |
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1|Office determine from time to time to be most beneficial to the | | | 2|interest of the present and future beneficiaries of the state; | | | 3| 2. Sell, at public auction after appraisement, the surface | | | 4|interest in any state school land categorized by the Commissioners | | | 5|of the Land Office to be excess or when determined to be in the best | | | 6|interest of the trust; | | | 7| 3. Institute projects to develop and improve those state school | | | 8|lands which are categorized as commercial lands; | | | 9| 4. Acquire by exchange, purchase, gift, or grant all real | | | 10|property and to acquire by exchange, purchase, gift, or grant all | | | 11|personal property necessary for the purpose of utilizing trust lands | | | 12|for the development of commercial and agricultural leases to | | | 13|maximize trust income for present and future beneficiaries;and| | | 14| 5. Exchange any real property of the trust for other real | | | 15|property of equal or greater value to maximize income for present | | | 16|and future beneficiaries, in accordance with and under the safeguard | | | 17|of trust requirements; and | | | 18| 6. Lease real property to a charter school formed pursuant to | | | 19|the Oklahoma Charter Schools Act. The Commissioners of the Land | | | 20|Office shall provide a right of first refusal to a charter school | | | 21|located in the same county or an adjacent county as the real | | | 22|property available for lease. | | | 23| SECTION 2. This act shall become effective July 1, 2023. | | | 24| | | | Page 2 ___________________________________________________________________________
1| SECTION 3. It being immediately necessary for the preservation |
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2|of the public peace, health, or safety, an emergency is hereby |
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3|declared to exist, by reason whereof this act shall take effect and |
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4|be in full force from and after its passage and approval. |
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5| Passed the Senate the 6th day of March, 2023. |
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| Presiding Officer of the Senate |
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9| Passed the House of Representatives the ____ day of __________, |
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10|2023. |
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| Presiding Officer of the House |
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