Oklahoma Municipalities and Their Public Trusts

Have you ever been confused about the legal and operational relationships between Oklahoma public trusts (commonly referred to as authorities) and their municipal beneficiary? Mike Crawford has prepared a white paper entitled Oklahoma Municipalities and Their Public Trusts that provides useful information in a question and answer format to help bridge this gap in understanding. The white paper covers such issues as why municipal public trusts were created by law, how they are created, the separation of formal actions and accountability between public trusts and their beneficiary municipality, governing body differences between the two separate legal entities, and operational and financial management similarities and differences. This white paper is available for viewing and download from the Useful Tools page of our web site under the section entitled Legal.