Oklahoma § 73-187A-1 Utilization of LCF funds for the Council on Law

Oklahoma Statutes

§ 73-187A-1 — Utilization of LCF funds for the Council on Law

Oklahoma·Title 73 State Capital And Capitol Building

Enforcement Education and Training.

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, in the amount of Three Million Nine Hundred Eighty-three Thousand Six Hundred Twenty Dollars ($3,983,620.00) for the benefit of the Council on Law Enforcement Education and Training to facilitate the construction of new or expanding training facilities.

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

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Enforcement Education and Training. 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, in the amount of Three Million Nine Hundred Eighty-three Thousand Six Hundred Twenty Dollars ($3,983,620.00) for the benefit of the Council on Law Enforcement Education and Training to facilitate the construction of new or expanding training facilities. 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.

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