Oklahoma Attorney General Mike Hunter enacted the Emergency Price Stabilization Act in Mayes, Rogers, Tulsa and Wagoner counties after Gov. Mary Fallin declared a state of emergency following a tornado outbreak on the weekend of Aug. 4 and 5.
The price gouging statute prohibits an increase of more than 10 percent for the price of goods and services after a declared state of emergency.
Mid-town Tulsa was hit particularly hard early on Aug. 5 when an EF-2 tornado severely damaged more than 150 businesses and 25 homes. At least three other twisters were recorded that day; EF1 tornadoes struck in Broken Arrow; near Oologah, about 20 miles northeast of Tulsa; and near Chelsea, 40 miles northeast of Tulsa.
Topics Oklahoma
Was this article valuable?
Here are more articles you may enjoy.
Lawsuit Alleges Farm Bureau Financial Concealed Fraudulent Activities 
More Federal Legislation Introduced to Tackle Third-Party Lit Funding 
Insurance IPOs Hit 20-Year High on Wall Street 
AIG to Pay Neal $2.7 Million to Cover Previous Firm’s Bonus From This Issue
