Overview

STATE BUDGET
Oklahoma’s fiscal year begins on July 1 and ends on June 30 in the following year. State agencies submit their budget requests to the governor by October 1. The governor submits the proposed budget to the state legislature in February. The legislature typically adopts a budget in May. The governor is constitutionally required to submit a balanced budget proposal, and the legislature is required to pass a balanced budget.
STATE LEGISLATURE
There are 101 members of the State House of Representatives, each serving a two-year term, and 48 state senators, who serve staggered four-year terms. Regular legislative sessions begin at twelve o’clock noon on the first Monday in February of each year and end not later than five o’clock p.m. on the last Friday in May of each year.
KEY RESOURCES
- Oklahoma Legislature
- Office of the Oklahoma Attorney General
- Oklahoma Governor
- Information on Healthcare Policy in Oklahoma
Oklahoma Laws
Okla. Stat. tit. 15, § 219A. Noncompetition agreements: Unlawful Contracts – Oklahoma
Introduced: Status: Enacted
Prohibits noncompete contracts except those written to protect the sale of goodwill of a business, dissolution of a partnership or those that prohibit only the direct solicitation of established customers of the former employer.
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Okla. Stat. tit. 15, § 777.4. Maximum permitted price or rate for sale, rent, or lease of goods, services, dwelling units, or storage space–Application of section: Emergency Price Stabilization Act – Oklahoma
Introduced: Status: Enacted
Prohibits price gouging in emergency situations.
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Okla. Stat. tit. 15, §§ 217 through 219: Restraint of Trade – Oklahoma
Introduced: Status: Enacted
Generally provides that contracts in restraint of trade are prohibited, unless an exception applies.
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Okla. Stat. tit. 18, § 2054. Agreement of merger of consolidation: Oklahoma Limited Liability Company Act – Oklahoma
Introduced: Status: Enacted
Pursuant to an agreement of merger or consolidation, a domestic limited liability company may merge or consolidate with or into one or more domestic or foreign limited liability companies or other entities.
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Okla. Stat. tit. 18, §§ 1081 through 1091: Oklahoma General Corporation Act– Merger or Consolidation – Oklahoma
Introduced: Status: Enacted
Statutes govern mergers and consolidations of corporations
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