Oklahoma § 73-187A-9 Utilization of LCF funds for Oklahoma State University

Oklahoma Statutes

§ 73-187A-9 — Utilization of LCF funds for Oklahoma State University

Oklahoma § 73-187A-9

Title 73State Capital And Capitol Building

This text of Oklahoma § 73-187A-9 (Utilization of LCF funds for Oklahoma State University) is published on Counsel Stack Legal Research, covering Oklahoma primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Okla. Stat. tit. 73, § 73-187A-9 (2026).

Text

— Life sciences 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 Eighty Million Dollars ($80,000,000.00) for the benefit of Oklahoma State University to construct, refurbish, or expand facilities utilized to provide education in the fields of life sciences.

B.LCF Recapitalization Payments shall be made by Oklahoma State University 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

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— Life sciences 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 Eighty Million Dollars ($80,000,000.00) for the benefit of Oklahoma State University to construct, refurbish, or expand facilities utilized to provide education in the fields of life sciences. B. LCF Recapitalization Payments shall be made by Oklahoma State University 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.