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2012 Oklahoma Attorney General Reports and Opinions 1 (2012)

handle is hein.sag/sagok0032 and id is 1 raw text is: OFFICE OF ATTORNEY GENERAL
STATE OF OKLAHOMA
ATrORNEY GENERAL OPINION
2012-1
The Honorable Mike Reynolds                                         January 13, 2012
State Representative, District 91
2300 N. Lincoln Blvd., Room 301B
Oklahoma.City, Oklahoma 73105-4885
Dear Representative Reynolds:
This office has received your request for an official Attorney General Opinion in which you ask, in
effect, the following questions:
1.    What information of the Oklahoma Capital Investment Board (Board)
is confidential and not subject to disclosure under the Oklahoma Capital
Formation Act and the Open Records Act?
2.    Would the answer in question 1 be different if the information was
acquired by an intermediary that is wholly owned by the Oklahoma
Capital Investment Board?
THE OKLAHOMA CAPITAL FORMATION AcT
The precursor to the Oklahoma Capital Formation Act was passed by the Oklahoma Legislature in
1987. 1987 Okia. Sess. Laws ch. 222, §§ 40 - 48. The Oklahoma Capital Investment Act created
the Oklahoma Capital Investment Board and was part of the Oklahoma Development Finance
Authority. See id This measure was repealed and recreated as The Oklahoma Capital Formation Act
(Act) during the 1991 legislative session. See 1991 Okla. Sess. Laws ch 188, §§ I - 12, 15 - 16.
The Act created a new Oklahoma Capital Investment Board whose statutory mission shall be to
mobilize equity and near-equity capital for investment in such a manner that will result in a
significant potential to create jobs and diversfy and stabilize the economy of the State of
313 N.E. 21sr Smtzur e OAmJowa CmrrY, OK 73105 e (405) 521-3921 - FAX (405) 521-6246
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