Okla. Stat. tit. 73, § 73-168.2

This is the official text of Okla. Stat. tit. 73, § 73-168.2, part of Oklahoma’s Stat. tit. 73, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 73,." Browse the sections below, each linked to its official government source.

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Rehabilitation facility for Department of Human

Official statutory text

Services.

A. The Oklahoma Capitol Improvement Authority is hereby

authorized to acquire land for and to erect, operate and maintain a

building or buildings for the use of the Department of Human

Services for the operation of a rehabilitation facility on a tract

of land containing approximately thirteen and two-tenths (13.2)

acres located in the Northwest (NW) Corner of Section Twenty-nine

(29) of Township Fourteen North (T14N) of Range Thirteen East (R13E)

of the Indian Meridian in Okmulgee County, Oklahoma.

B. For the purpose of paying the costs of the project

authorized in subsection A of this section, the Authority is hereby

authorized to borrow money on the credit of the income and revenues

to be derived from such project and, in anticipation of the

collection of such income and revenues, to issue negotiable bonds

not to exceed the sum of Five Million Dollars ($5,000,000.00) as may

be necessary for such purpose as determined by the Authority. The

Authority may retain such legal counsel as it deems necessary for

this purpose.

C. The interest rate on the bonds issued pursuant to this

section shall not exceed ten percent (10%) per annum.

Oklahoma Statutes - Title 73. State Capital and Capitol Building Page 53

D. Insofar as they are not in conflict with the provisions of

this section, the provisions of Sections 151 et seq. of Title 73 of

the Oklahoma Statutes shall apply to this section.

Status: in_force · Read it on the official government site

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