OKLAHOMA CAPITOL IMPROVEMENT AUTHORITY
OKLAHOMA 2024 SESSION LAW SERVICE Fifty-Ninth Legislature, 2024 Second Regular Session
2024 Okla. Sess. Law Serv. Ch. 311 (H.B. 4012) (WEST)
OKLAHOMA 2024 SESSION LAW SERVICE
Fifty-Ninth Legislature, 2024 Second Regular Session
CHAPTER 311
H.B. No. 4012
OKLAHOMA CAPITOL IMPROVEMENT AUTHORITY
An Act relating to the Oklahoma Capitol Improvement Authority; providing for allocation of funds from the Legacy Capital Financing Fund for purposes of constructing the State Capitol Arch; designating parcel of real property for purposes of construction; authorizing contract for design and construction; providing for applicability of provisions related to administration of the Legacy Capital Financing Fund; creating the State Capitol Arch Maintenance Revolving Fund; Stating purpose of fund; providing for the budgeting and expenditure of monies accrued and credited to the fund; providing for codification; providing an effective date; and declaring an emergency.
SUBJECT: Oklahoma Capitol Improvement Authority
BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
SECTION 1. NEW LAW A new section of law to be codified in the Oklahoma Statutes as Section 401 of Title 73, unless there is created a duplication in numbering, reads as follows:
<< OK ST T. 73 § 401 >>
A. The Oklahoma Capitol Improvement Authority shall allocate the sum of Four Million Three Hundred Thousand Dollars ($4,300,000.00) from the Legacy Capital Financing Fund for purposes of the design and construction of the State Capitol Arch, the purpose of which is to honor and memorialize the services performed by the Oklahoma National Guard.
B. The State Capitol Arch shall be constructed upon the following described parcel of real property:
A tract of land lying in the Northeast Quarter (NE/4) and the Northwest Quarter (NW/4) of Section Twenty-seven (27), Township Twelve (12) North, Range Three (3) West of the Indian Meridian, Oklahoma County, Oklahoma, being more particularly described as follows: COMMENCING at the Northwest corner of the NE/4 of said Section 27; thence S00£07'01‘E along the West line of said NE/4 a distance of 1436.71 feet to the POINT OF BEGINNING; thence N89£50'42‘E a distance of 123.31 feet; thence S04£59'53‘W a distance of 309.96 feet; thence S89£50'42‘W a distance of 194.19 feet; thence N05£20'12‘W a distance of 309.98 feet; thence N89£50'42‘E a distance of 126.71 feet to the POINT OF BEGINNING. Containing 68,567.88 Square Feet or 1.574 Acres, more or less.
C. The State Capitol Preservation Commission shall enter into contract with such person, persons, or lawfully recognized entities as may be required in order to construct the State Capitol Arch according to preliminary design documents as prepared by the Architect of the State Capitol.
D. The provisions of Section 187B of Title 73 of the Oklahoma Statutes shall be applicable to the project.
SECTION 2. There is hereby created in the State Treasury a revolving fund for the Office of Management and Enterprise Services to be designated the “State Capitol Arch Maintenance Revolving Fund”. The fund shall be a continuing fund, not subject to fiscal year limitations, and shall consist of all monies received by the Office of Management and Enterprise Services from appropriations, donations, gifts and bequests by individuals, corporations, organizations, associations and foundations provided for the purpose of maintenance of the State Capitol Arch. All monies accruing to the credit of the fund are hereby appropriated and may be budgeted and expended by the Office of Management and Enterprise Services for the purpose provided for in this section. Expenditures from the fund shall be made upon warrants issued by the State Treasurer against claims filed as prescribed by law with the Director of the Office of Management and Enterprise Services for approval and payment.
SECTION 3. This act shall become effective July 1, 2024.
SECTION 4. It being immediately necessary for the preservation of the public peace, health or safety, an emergency is hereby declared to exist, by reason whereof this act shall take effect and be in full force from and after its passage and approval.
Approved May 15, 2024.
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