Okla. Stat. tit. 73, § 73-180
This is the official text of Okla. Stat. tit. 73, § 73-180, 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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Funding for asbestos abatement and repairs - Bonds
Official statutory text
A. The Oklahoma Capitol Improvement Authority may provide for
the funding for asbestos abatement, repairs, refurbishments,
renovation, rewiring, and such other costs as deemed necessary by
the Authority to properties and facilities located in the Oklahoma
State Capitol Complex, including the State Capitol Building, the
Will Rogers Memorial Office Building, the Sequoyah Memorial Office
Building and the Historical Society Building, and may hold title to
or a leasehold interest in the facilities until such time as the
indebtedness created pursuant to this section shall be retired or
defeased. Upon the retirement of the indebtedness created pursuant
to this section, the title to the facilities and improvements
thereon shall be transferred from the Oklahoma Capitol Improvement
Authority to the Office of Management and Enterprise Services.
B. For the purpose of paying the costs of the projects
authorized in subsection A of this section, the Authority is hereby
Oklahoma Statutes - Title 73. State Capital and Capitol Building Page 74
authorized to borrow monies on the credit of the income and revenues
to be derived from such projects and, in anticipation of the
collection of such income and revenues, to issue negotiable or
competitive bonds not to exceed the sum of Sixteen Million Dollars
($16,000,000.00) as may be determined by the Authority. It is the
intent of the Legislature to appropriate to the Office and
respective agencies of the state sufficient monies to make rental
payments to the Authority for purposes of retiring the debt created
pursuant to this section.
C. The Authority may issue the bonds in one or more series and
in conjunction with other issues of the Authority.
D. Insofar as they are not in conflict with the provisions of
this section, the provisions of Section 151 et seq. of this title
shall apply to this section.
E. All interest earned on any reserve funds created by such
bonds held by the State Treasurer, as collected, shall be paid into
the General Revenue Fund.
the funding for asbestos abatement, repairs, refurbishments,
renovation, rewiring, and such other costs as deemed necessary by
the Authority to properties and facilities located in the Oklahoma
State Capitol Complex, including the State Capitol Building, the
Will Rogers Memorial Office Building, the Sequoyah Memorial Office
Building and the Historical Society Building, and may hold title to
or a leasehold interest in the facilities until such time as the
indebtedness created pursuant to this section shall be retired or
defeased. Upon the retirement of the indebtedness created pursuant
to this section, the title to the facilities and improvements
thereon shall be transferred from the Oklahoma Capitol Improvement
Authority to the Office of Management and Enterprise Services.
B. For the purpose of paying the costs of the projects
authorized in subsection A of this section, the Authority is hereby
Oklahoma Statutes - Title 73. State Capital and Capitol Building Page 74
authorized to borrow monies on the credit of the income and revenues
to be derived from such projects and, in anticipation of the
collection of such income and revenues, to issue negotiable or
competitive bonds not to exceed the sum of Sixteen Million Dollars
($16,000,000.00) as may be determined by the Authority. It is the
intent of the Legislature to appropriate to the Office and
respective agencies of the state sufficient monies to make rental
payments to the Authority for purposes of retiring the debt created
pursuant to this section.
C. The Authority may issue the bonds in one or more series and
in conjunction with other issues of the Authority.
D. Insofar as they are not in conflict with the provisions of
this section, the provisions of Section 151 et seq. of this title
shall apply to this section.
E. All interest earned on any reserve funds created by such
bonds held by the State Treasurer, as collected, shall be paid into
the General Revenue Fund.
Status: in_force · Read it on the official government site
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