Oklahoma § 73-187A-3 Utilization of LCF funds for existing Oklahoma

Oklahoma Statutes

§ 73-187A-3 — Utilization of LCF funds for existing Oklahoma

Oklahoma·Title 73 State Capital And Capitol Building

Historical Society 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 Enrolled House Bill No. 1002 of the 1st Extraordinary Session of the 59th Oklahoma Legislature, in the amount of Forty-six Million Dollars ($46,000,000.00) for the benefit of Oklahoma Historical Society to facilitate the construction, repair and rehabilitation, and improvements to real and personal property related to existing Oklahoma Historical Society 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

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Historical Society 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 Enrolled House Bill No. 1002 of the 1st Extraordinary Session of the 59th Oklahoma Legislature, in the amount of Forty-six Million Dollars ($46,000,000.00) for the benefit of Oklahoma Historical Society to facilitate the construction, repair and rehabilitation, and improvements to real and personal property related to existing Oklahoma Historical Society 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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