State Survey of P3 Authorizing Statutes: Oklahoma

Okla. Stat. tit. 74 §§ 5151‐5157

Summary

Authorizes local governments to enter into public‐private partnerships for the improvement of real property and associated services provided for a public purpose.

Excerpt:

Section 5(C)

Partnership contracts may also include a requirement for the delivery of performance and payment bonds required for all construction activities, and letters of credit, surety bonds or other security in connection with the development or operation of the qualifying public project, in the forms and amounts satisfactory to the responsible governmental entity.