A. There is hereby created the Oklahoma Building Bonds Commission. The Commission shall consist of the following members:
1. Two members appointed by the President Pro Tempore of the Senate of the State of Oklahoma;
2. Two members appointed by the Speaker of the House of Representatives of the State of Oklahoma; and
3. Three members appointed by the Governor of the State of Oklahoma.
B. The Commission shall elect a chair and a vice-chair to serve one-year terms.
C. A majority of the members of the Commission shall constitute a quorum. The Commission shall be subject to the Open Meeting Act, Section 301 et seq. of Title 25 of the Oklahoma Statutes, and the Open Records Act, Section 24A.1 et seq. of Title 51 of the Oklahoma Statutes.
D. The Office of the Secretary of State shall provide staffing for the Commission.
E. The members of the Commission shall receive no additional compensation for their services as members of the Commission or for the performance of any duty in connection with the Commission.
F. Each member of the Commission shall be allowed necessary travel expenses as may be approved by the Commission pursuant to the State Travel Reimbursement Act, Section 500.1 et seq. of Title 74 of the Oklahoma Statutes.
G. The Commission, prior to the election on the constitutional amendment identified as House Joint Resolution No. 1076 of the 2nd Session of the 43rd Oklahoma Legislature, may perform those preliminary duties necessary to issue bonds pursuant to this act as specified in subsection C of Section 695.7 of this title.
Added by Laws 1992, c. 350, § 3, eff. July 1, 1992.
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