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§62-9010.2. Legislative intent.

A. It is the intent of the Legislature, through enactment of the Pay for Success Act, to: 1. Authorize innovation opportunities in the form of pay-for-success contracts and authorize success payments to be made from appropriated or other agency funds; 2. Address outcomes that span the mission and purpose of multiple agencies; and 3. Provide […]

§62-9010.3. Definitions.

As used in the Pay for Success Act: 1. “Pay–for-success contract” or “contract” means a written agreement executed in order to create a public-private partnership contingent upon a specified service or program meeting specified performance targets and outcome measures; and 2. “Success payment” means a single payment or schedule of payments that is identified in […]

§62-9010.4. Pay-for success contract requirements.

A. An agency or agencies may enter into a pay-for-success contract with a private entity or entities to receive up-front capital to fund a service or program. The agency or agencies may not enter into a pay-for-success contract until each state agency head entering into the contract determines with reasonable certainty that the contract will […]

§62-9010.5. Pay for Success Innovation Fund.

A. There is hereby created in the State Treasury a revolving fund for the Office of Management and Enterprise Services to be designated the “Pay for Success Innovation Fund”. The fund shall be a continuing fund, not subject to fiscal year limitations, and shall consist of all monies designated by state agencies to the Pay […]

§62-3114. Enrolled acts resulting from retirement bills – Attachment of certificates and summaries of actuarial investigations.

The enrolled act resulting from a bill which is subject to the legislative procedures provided by the Oklahoma Pension Legislation Actuarial Analysis Act shall have attached thereto the original or a true and correct copy of all certificates and summaries of actuarial investigations submitted by the Legislative Actuary pursuant to the requirements of the Oklahoma […]

§62-3501. Distributions to certain retired members.

A. As used in this section, “public retirement system” means: 1. The Oklahoma Firefighters Pension and Retirement System; 2. The Oklahoma Police Pension and Retirement System; 3. The Uniform Retirement System for Justices and Judges; 4. The Oklahoma Law Enforcement Retirement System; 5. The Teachers’ Retirement System of Oklahoma; and 6. The Oklahoma Public Employees […]

§62-4001. Oklahoma Centennial Botanical Garden Authority – Uses and purposes.

The uses and purposes of the Oklahoma Centennial Botanical Garden Authority are hereby declared in furtherance of a public function and purpose and vital to the public welfare of the people of Oklahoma, and all actions heretofore taken by said Authority are hereby in all respects approved and ratified and the State of Oklahoma hereby […]

§62-4002. Oklahoma Centennial Botanical Garden Authority – Bonds.

The Oklahoma Centennial Botanical Garden Authority shall not issue bonds until such time as the Legislature has determined by concurrent resolution that sufficient monies will be available to make payments for the purpose of retiring resulting obligations. Added by Laws 2010, c. 24, § 2.