Oklahoma § 69-1236 Sale of unneeded property.

Oklahoma Statutes

§ 69-1236 — Sale of unneeded property.

Oklahoma·Title 69 Roads, Bridges, And Ferries

In the event that circumstances alter the highway requirements after the Director has acquired property so that it or a portion thereof is no longer needed for highway purposes, the Director is authorized to sell the real property involved or any portion thereof in the name of the state on the relation of the Director, and shall make deposit of the proceeds of such sale in the Highway Advance Right-of-Way Acquisition and Management Fund. Provided, if any funds have been contributed by municipal or county governments for the purchase of such property, such funds shall be returned to said municipal or county government together with any interest which such contributions have actually earned.

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In the event that circumstances alter the highway requirements after the Director has acquired property so that it or a portion thereof is no longer needed for highway purposes, the Director is authorized to sell the real property involved or any portion thereof in the name of the state on the relation of the Director, and shall make deposit of the proceeds of such sale in the Highway Advance Right-of-Way Acquisition and Management Fund. Provided, if any funds have been contributed by municipal or county governments for the purchase of such property, such funds shall be returned to said municipal or county government together with any interest which such contributions have actually earned.

Oklahoma § 69-1236 (Sale of unneeded property.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.