Oklahoma § 73-187A-10 Utilization of LCF funds for Oklahoma State University

Oklahoma Statutes

§ 73-187A-10 — Utilization of LCF funds for Oklahoma State University

Oklahoma·Title 73 State Capital And Capitol Building

Medical Authority facilities.

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 Section 187B of Title 73 of the Oklahoma Statutes, in the amount of Thirty Million Dollars ($30,000,000.00) for the benefit of Oklahoma State University Medical Authority to construct, refurbish, or expand Oklahoma State University Medical Authority 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.

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Medical Authority facilities. 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 Section 187B of Title 73 of the Oklahoma Statutes, in the amount of Thirty Million Dollars ($30,000,000.00) for the benefit of Oklahoma State University Medical Authority to construct, refurbish, or expand Oklahoma State University Medical Authority 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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