Okla. Stat. tit. 62, § 62-57.303
This is the official text of Okla. Stat. tit. 62, § 62-57.303, part of Oklahoma’s Stat. tit. 62, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 62,." Browse the sections below, each linked to its official government source.
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Amount and purpose of indebtedness - Unused funds -
Official statutory text
Issuance of bonds - Revenue sources for payment of bonds.
A. The Commission acting for and on behalf of the State of
Oklahoma shall be the agency by and through which the State of
Oklahoma shall incur indebtedness in the sum of Three Hundred Fifty
Million Dollars ($350,000,000.00) as principal for the purpose of
restoring and modernizing the state's infrastructure, for
constructing new buildings and other capital improvements, and for
equipping, remodeling, modernizing and repairing any and all
existing buildings and capital improvements, and purchase of land,
equipment and furnishings necessary for such new construction or
Oklahoma Statutes - Title 62. Public Finance Page 279
remodeling, including any costs associated with the issuance of the
indebtedness, as follows:
1. Oklahoma State Regents for Higher Education
for expenditure as follows:
a. University of Oklahoma - Norman Campus $22,731,000.00
b. University of Oklahoma - Health
Sciences Center $22,400,000.00
c. Oklahoma State University – Stillwater
Campus $22,328,000.00
d. Oklahoma State University –
Agriculture Experiment Station $4,000,000.00
e. Oklahoma State University – Veterinary
Medicine $5,075,000.00
f. Oklahoma State University – Technical
Branch - Okmulgee $4,118,000.00
g. Oklahoma State University – Technical
Branch - Oklahoma City $3,868,000.00
h. Oklahoma State University - College of
Osteopathic Medicine $3,750,400.00
i. University of Central Oklahoma $7,765,106.00
j. East Central University $5,869,000.00
k. Northeastern State University $8,813,400.00
l. Northwestern Oklahoma State University $2,860,000.00
m. Southeastern Oklahoma State University $5,586,900.00
n. Southwestern Oklahoma State University
- Weatherford Campus $6,297,500.00
o. Southwestern Oklahoma State University
- Sayre Campus $300,000.00
p. Cameron University $10,200,000.00
q. Langston University $2,842,500.00
r. Oklahoma Panhandle State University $2,016,500.00
s. University of Science and Arts of
Oklahoma $3,104,376.00
t. University Center at Tulsa $15,000,000.00
u. Carl Albert State College $3,021,000.00
v. Connors State College $2,055,100.00
w. Eastern Oklahoma State College $2,007,600.00
x. Murray State College $2,045,000.00
y. Northeastern Oklahoma Agricultural and
Mechanical College $2,410,400.00
z. Northern Oklahoma College $1,206,500.00
aa. Oklahoma City Community College $6,152,100.00
bb. Redlands Community College $2,003,900.00
cc. Rogers State College $5,035,100.00
dd. Rose State College $6,158,600.00
ee. Seminole Junior College $2,125,924.00
ff. Tulsa Junior College $22,333,800.00
Oklahoma Statutes - Title 62. Public Finance Page 280
gg. Western Oklahoma State College $2,500,000.00
hh. Enid Higher Education Program $619,123.00
ii. Enid Higher Education Program – this
allocation is contingent upon a
$2,200,000.00 match by the local
community $1,980,877.00
jj. University Center of Southern Oklahoma $619,123.00
kk. Muskogee Higher Education Program $619,123.00
ll. Idabel Higher Education Program $619,123.00
mm. Tulsa Medical Center debt retirement $6,600,000.00
nn. Food Processing Research Center –
Stillwater $14,000,000.00
oo. Natural History Museum - Norman $15,000,000.00
2. Oklahoma Department of Career and
Technology Education for expenditure as
follows:
a. Instructional equipment for technology
center schools, including inmate
training facilities $2,300,000.00
b. Mid-Del Technology Center $200,000.00
c. Okmulgee County Technology Center $3,200,000.00
d. Southwest Technology Center $1,500,000.00
e. Wes Watkins Technology Center $1,000,000.00
f. Western Oklahoma Technology Center $2,000,000.00
3. Oklahoma Water Resources Board $5,700,000.00
4. Oklahoma Tourism and Recreation Department
for the following purposes: roads, park
improvements, sewage treatment, facility
rehab, equipment, trails, park visitor
centers, welcome centers, Will Rogers
Museum and other museums, Oklahoma Jazz
e. Wes Watkins Technology Center $1,000,000.00
f. Western Oklahoma Technology Center $2,000,000.00
3. Oklahoma Water Resources Board $5,700,000.00
4. Oklahoma Tourism and Recreation Department
for the following purposes: roads, park
improvements, sewage treatment, facility
rehab, equipment, trails, park visitor
centers, welcome centers, Will Rogers
Museum and other museums, Oklahoma Jazz
Hall of Fame and Quartz Mountain Arts and
Conference Center $18,000,000.00
5. Oklahoma Historical Society $1,700,000.00
6. Department of Human Services $5,300,000.00
7. Department of Corrections for the
following purposes: drug offender work
camps and meat processing facility at
Jackie Brannon $6,500,000.00
8. State Department of Health $7,500,000.00
9. State Department of Agriculture for
purposes of dry fire hydrants and rural
fire equipment $1,000,000.00
10. Office of Management and Enterprise
Services $4,300,000.00
11. Oklahoma Military Department $800,000.00
Oklahoma Statutes - Title 62. Public Finance Page 281
12. Oklahoma School of Science and
Mathematics. Said amount shall not be
used for purposes of subsection D of
Section 168.3 of Title 73 of the Oklahoma
Statutes $4,500,000.00
13. Office of Management and Enterprise
Services for expenditure for
telecommunications as recommended by the
State Data Processing and
Telecommunications Advisory Committee $14,000,000.00
14. Oklahoma Department of Libraries for
expenditure for matching grant program for
handicapped access $500,000.00
15. Oklahoma Department of Veterans Affairs
for the following purposes: New facility
at Norman, computer programming-mapper
system, and improvements at the facilities
at Ardmore, Sulphur, Talihina, Clinton,
Claremore and Okmulgee $16,432,500.00
16. Department of Mental Health and Substance
Abuse Services $6,400,000.00
If the full amount of funding for any project specified in this
subsection is not necessary for provision of such project, any
remaining available funds shall be allocated by the Commission to
the full funding of other projects listed in this subsection or to
the Oklahoma Building Bonds of 1992 Fund for appropriation by the
Legislature for other capital projects.
B. The Commission, acting for and on behalf of the State of
Oklahoma, shall issue, sell and deliver as hereinafter provided
"Oklahoma Building Bonds of 1992" in a total principal amount of
Three Hundred Fifty Million Dollars ($350,000,000.00). It is hereby
expressly provided and pledged for the benefit of the purchasers,
owners and holders of said bonds that the tax on each package of
cigarettes levied by Section 302 of Title 68 of the Oklahoma
Statutes, constituting the remainder of revenue available from the
revenues lawfully levied and collected by the State of Oklahoma on
the sale of cigarettes not already committed to other obligations of
the State of Oklahoma, and the tax levy on cigarettes pursuant to
Sections 302-2 and 302-4 of Title 68 of the Oklahoma Statutes, or so
much as may be necessary, shall be devoted irrevocably to the
payment and discharge of the interest on, and the principal of, the
bonds issued hereunder as the same become due, and to create an
adequate reserve to assure such payments when due; and said revenues
shall be, and hereby are, irrevocably pledged for such purposes.
A. The Commission acting for and on behalf of the State of
Oklahoma shall be the agency by and through which the State of
Oklahoma shall incur indebtedness in the sum of Three Hundred Fifty
Million Dollars ($350,000,000.00) as principal for the purpose of
restoring and modernizing the state's infrastructure, for
constructing new buildings and other capital improvements, and for
equipping, remodeling, modernizing and repairing any and all
existing buildings and capital improvements, and purchase of land,
equipment and furnishings necessary for such new construction or
Oklahoma Statutes - Title 62. Public Finance Page 279
remodeling, including any costs associated with the issuance of the
indebtedness, as follows:
1. Oklahoma State Regents for Higher Education
for expenditure as follows:
a. University of Oklahoma - Norman Campus $22,731,000.00
b. University of Oklahoma - Health
Sciences Center $22,400,000.00
c. Oklahoma State University – Stillwater
Campus $22,328,000.00
d. Oklahoma State University –
Agriculture Experiment Station $4,000,000.00
e. Oklahoma State University – Veterinary
Medicine $5,075,000.00
f. Oklahoma State University – Technical
Branch - Okmulgee $4,118,000.00
g. Oklahoma State University – Technical
Branch - Oklahoma City $3,868,000.00
h. Oklahoma State University - College of
Osteopathic Medicine $3,750,400.00
i. University of Central Oklahoma $7,765,106.00
j. East Central University $5,869,000.00
k. Northeastern State University $8,813,400.00
l. Northwestern Oklahoma State University $2,860,000.00
m. Southeastern Oklahoma State University $5,586,900.00
n. Southwestern Oklahoma State University
- Weatherford Campus $6,297,500.00
o. Southwestern Oklahoma State University
- Sayre Campus $300,000.00
p. Cameron University $10,200,000.00
q. Langston University $2,842,500.00
r. Oklahoma Panhandle State University $2,016,500.00
s. University of Science and Arts of
Oklahoma $3,104,376.00
t. University Center at Tulsa $15,000,000.00
u. Carl Albert State College $3,021,000.00
v. Connors State College $2,055,100.00
w. Eastern Oklahoma State College $2,007,600.00
x. Murray State College $2,045,000.00
y. Northeastern Oklahoma Agricultural and
Mechanical College $2,410,400.00
z. Northern Oklahoma College $1,206,500.00
aa. Oklahoma City Community College $6,152,100.00
bb. Redlands Community College $2,003,900.00
cc. Rogers State College $5,035,100.00
dd. Rose State College $6,158,600.00
ee. Seminole Junior College $2,125,924.00
ff. Tulsa Junior College $22,333,800.00
Oklahoma Statutes - Title 62. Public Finance Page 280
gg. Western Oklahoma State College $2,500,000.00
hh. Enid Higher Education Program $619,123.00
ii. Enid Higher Education Program – this
allocation is contingent upon a
$2,200,000.00 match by the local
community $1,980,877.00
jj. University Center of Southern Oklahoma $619,123.00
kk. Muskogee Higher Education Program $619,123.00
ll. Idabel Higher Education Program $619,123.00
mm. Tulsa Medical Center debt retirement $6,600,000.00
nn. Food Processing Research Center –
Stillwater $14,000,000.00
oo. Natural History Museum - Norman $15,000,000.00
2. Oklahoma Department of Career and
Technology Education for expenditure as
follows:
a. Instructional equipment for technology
center schools, including inmate
training facilities $2,300,000.00
b. Mid-Del Technology Center $200,000.00
c. Okmulgee County Technology Center $3,200,000.00
d. Southwest Technology Center $1,500,000.00
e. Wes Watkins Technology Center $1,000,000.00
f. Western Oklahoma Technology Center $2,000,000.00
3. Oklahoma Water Resources Board $5,700,000.00
4. Oklahoma Tourism and Recreation Department
for the following purposes: roads, park
improvements, sewage treatment, facility
rehab, equipment, trails, park visitor
centers, welcome centers, Will Rogers
Museum and other museums, Oklahoma Jazz
e. Wes Watkins Technology Center $1,000,000.00
f. Western Oklahoma Technology Center $2,000,000.00
3. Oklahoma Water Resources Board $5,700,000.00
4. Oklahoma Tourism and Recreation Department
for the following purposes: roads, park
improvements, sewage treatment, facility
rehab, equipment, trails, park visitor
centers, welcome centers, Will Rogers
Museum and other museums, Oklahoma Jazz
Hall of Fame and Quartz Mountain Arts and
Conference Center $18,000,000.00
5. Oklahoma Historical Society $1,700,000.00
6. Department of Human Services $5,300,000.00
7. Department of Corrections for the
following purposes: drug offender work
camps and meat processing facility at
Jackie Brannon $6,500,000.00
8. State Department of Health $7,500,000.00
9. State Department of Agriculture for
purposes of dry fire hydrants and rural
fire equipment $1,000,000.00
10. Office of Management and Enterprise
Services $4,300,000.00
11. Oklahoma Military Department $800,000.00
Oklahoma Statutes - Title 62. Public Finance Page 281
12. Oklahoma School of Science and
Mathematics. Said amount shall not be
used for purposes of subsection D of
Section 168.3 of Title 73 of the Oklahoma
Statutes $4,500,000.00
13. Office of Management and Enterprise
Services for expenditure for
telecommunications as recommended by the
State Data Processing and
Telecommunications Advisory Committee $14,000,000.00
14. Oklahoma Department of Libraries for
expenditure for matching grant program for
handicapped access $500,000.00
15. Oklahoma Department of Veterans Affairs
for the following purposes: New facility
at Norman, computer programming-mapper
system, and improvements at the facilities
at Ardmore, Sulphur, Talihina, Clinton,
Claremore and Okmulgee $16,432,500.00
16. Department of Mental Health and Substance
Abuse Services $6,400,000.00
If the full amount of funding for any project specified in this
subsection is not necessary for provision of such project, any
remaining available funds shall be allocated by the Commission to
the full funding of other projects listed in this subsection or to
the Oklahoma Building Bonds of 1992 Fund for appropriation by the
Legislature for other capital projects.
B. The Commission, acting for and on behalf of the State of
Oklahoma, shall issue, sell and deliver as hereinafter provided
"Oklahoma Building Bonds of 1992" in a total principal amount of
Three Hundred Fifty Million Dollars ($350,000,000.00). It is hereby
expressly provided and pledged for the benefit of the purchasers,
owners and holders of said bonds that the tax on each package of
cigarettes levied by Section 302 of Title 68 of the Oklahoma
Statutes, constituting the remainder of revenue available from the
revenues lawfully levied and collected by the State of Oklahoma on
the sale of cigarettes not already committed to other obligations of
the State of Oklahoma, and the tax levy on cigarettes pursuant to
Sections 302-2 and 302-4 of Title 68 of the Oklahoma Statutes, or so
much as may be necessary, shall be devoted irrevocably to the
payment and discharge of the interest on, and the principal of, the
bonds issued hereunder as the same become due, and to create an
adequate reserve to assure such payments when due; and said revenues
shall be, and hereby are, irrevocably pledged for such purposes.
Status: in_force · Read it on the official government site
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