Okla. Admin. Code § 1:2015-40
WHEREAS, pursuant to Section 2 of Article 6 of the Oklahoma Constitution, the Supreme Executive power is vested in the Governor of the State of Oklahoma;
WHEREAS, the Craig County Hospital Authority is a public trust created pursuant to the Oklahoma Public Trust Act (60 O.S. §§ 176-180.4), with one of its beneficiaries being the State of Oklahoma;
WHEREAS, 60 O.S. § 176(C) and (D) provide that the Governor of Oklahoma has executive oversight of an entity created under the Oklahoma Public Trust Act, to include approval and oversight of bylaws of the trust and all amendments of operations;
WHEREAS, 11 U.S.C. § 109(c)(2) provides, among other things, that in order to qualify as a debtor under chapter 9, Craig County Hospital Authority must be specifically authorized to be a debtor by a governmental officer or organization empowered by State law to make such authorization; and
WHEREAS, it is in the public interest for Craig County Hospital Authority to be able to avail itself of Bankruptcy Court so as to negotiate, in good faith, settlement of claims with its creditors, including, but not limited to, claims held by the Oklahoma Public Employees' Retirement System.
NOW, THEREFORE, I, MARY FALLIN, Governor of the State of Oklahoma, by virtue of the Constitutional and statutory authority vested in me, and pursuant to 11 U.S.C. § 109(c)(2), do hereby authorize Craig County Hospital Authority to be a debtor under Chapter 9 of the Bankruptcy Code.
IN WITNESS WHEREOF, I have set my hand and caused the Great Seal of the State of Oklahoma to be affixed at Oklahoma City, Oklahoma, this 21st day of September, 2015.
BY THE GOVERNOR OF THE STATE OF OKLAHOMA
Mary Fallin
ATTEST:
Chris Morriss, Assistant Secretary of State
Chris Benge, Secretary of State
Okla. Admin. Code § 1:2015-40