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§ 187A-5. Utilization of LCF funds for Office of Management and Enterprise Services facilities

Oklahoma Statutes AnnotatedTitle 73. State Capital and Capitol BuildingEffective: August 1, 2023

Oklahoma Statutes Annotated
Title 73. State Capital and Capitol Building (Refs & Annos)
Chapter 6. Oklahoma Capitol Improvement Authority
Legacy Capital Financing Act
Effective: August 1, 2023
73 Okl.St.Ann. § 187A-5
§ 187A-5. Utilization of LCF funds for Office of Management and Enterprise Services facilities
Currentness
A. In addition to any other authorization provided by law, the Oklahoma Capitol Improvement Authority is authorized to utilize available funds from the Legacy Capital Financing Fund created by Enrolled House Bill No. 1002 of the 1st Extraordinary Session of the 59th Oklahoma Legislature,1 in the amounts of:
1. Seventy Million Dollars ($70,000,000.00) for the benefit of the Office of Management and Enterprise Services to repair, refurbish, and improve the real and personal property of the Jim Thorpe Office Building;
2. Nineteen Million Dollars ($19,000,000.00) for the benefit of the Office of Management and Enterprise Services to repair, refurbish, and improve the real and personal property constituting the tunnels underlying the State Capitol Office Complex and associated fixtures and equipment; and
3. Twenty-six Million Three Hundred Twenty-two Thousand Three Hundred Dollars ($26,322,300.00) for the benefit of the Office of Management and Enterprise Services to accept transfer of the Kelley Building and Kelley Annex owned by the Department of Human Services and renovate the facilities for lease to a public operator as a day care facility.
B. LCF Recapitalization Payments shall be made related to the distribution of proceeds provided in subsection A of this section, in accordance with the provisions of the Legacy Capital Financing Act.
C. The Authority may distribute funds authorized pursuant to subsection A of this section in one or more tranches.
D. The Authority may enter memoranda of understanding with agencies, departments, and subdivisions of the state as needed, to facilitate the provisions of this act, provided that such memoranda of understanding do not constitute a legal obligation of the State of Oklahoma or impede the administration of the provisions of the Legacy Capital Financing Act.

Credits

Laws 2023, 1st Ex.Sess., c. 7, § 1, eff. Aug. 1, 2023.

Footnotes

1
O.S.L. 2023, 1st Ex.Sess., c. 1. See Title 73, § 187B.
73 Okl. St. Ann. § 187A-5, OK ST T. 73 § 187A-5
Current with emergency effective legislation through Chapter 295 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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