This bill amends existing laws related to the Office of the State Treasurer and the Office of Management and Enterprise Services, specifically addressing the procedures for state agency transactions involving real property. It allows the Office of the State Treasurer to purchase, acquire, lease, and manage properties without being subject to the provisions of Section 327 of Title 61 of the Oklahoma Statutes. Additionally, the bill exempts the Office of the State Treasurer from certain requirements when purchasing a state depository facility. The amendments also include conforming language to ensure clarity and consistency in the law.

Furthermore, the bill outlines the responsibilities of the Office of Management and Enterprise Services regarding the management of state-owned real property, including the requirement for state agencies to seek approval before engaging in transactions involving real property. It establishes procedures for property disposal, appraisal requirements, and the maintenance of a comprehensive inventory of state-owned real property. The bill is set to take effect on July 1, 2025, and declares an emergency for its immediate implementation upon passage and approval.

Statutes affected:
Introduced: 61-327