Okla. Stat. tit. 73, § 73-181
This is the official text of Okla. Stat. tit. 73, § 73-181, 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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Construction of office building in Carter County
Official statutory text
A. The Department of Human Services shall conduct a study to
determine the feasibility of constructing an office building in
Carter County to house state agencies located in that county.
B. In the event the Office of Management and Enterprise
Services determines that it is feasible to construct such office
building, the following actions are hereby authorized:
1. The Oklahoma Capitol Improvement Authority shall provide the
funding for the construction of an office building in Carter County
to house state agencies located in that county, 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 and shall lease such facilities to the Office of Management
and Enterprise Services, with the Department of Human Services as
the lead tenant. Upon the retirement of the indebtedness created
pursuant to this section, the title to the land and improvements
thereon shall be transferred from the Oklahoma Capitol Improvement
Authority to the Office of Management and Enterprise Services;
2. For the purpose of paying the costs of construction
authorized by this section, the Authority is hereby authorized to
borrow monies on the credit of the income and revenues to be derived
from the leasing of the building and, in anticipation of collection
of such income and revenues, to issue negotiable or competitive
bonds not to exceed the sum of Four Million Dollars ($4,000,000.00).
The maximum term for such bonds shall be twenty (20) years. It is
the intent of the Legislature to appropriate to the respective
agencies of the state who are tenants of the office building
Oklahoma Statutes - Title 73. State Capital and Capitol Building Page 75
sufficient monies to make rental payments to the Authority for
purposes of retiring the debt created pursuant to this section.
determine the feasibility of constructing an office building in
Carter County to house state agencies located in that county.
B. In the event the Office of Management and Enterprise
Services determines that it is feasible to construct such office
building, the following actions are hereby authorized:
1. The Oklahoma Capitol Improvement Authority shall provide the
funding for the construction of an office building in Carter County
to house state agencies located in that county, 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 and shall lease such facilities to the Office of Management
and Enterprise Services, with the Department of Human Services as
the lead tenant. Upon the retirement of the indebtedness created
pursuant to this section, the title to the land and improvements
thereon shall be transferred from the Oklahoma Capitol Improvement
Authority to the Office of Management and Enterprise Services;
2. For the purpose of paying the costs of construction
authorized by this section, the Authority is hereby authorized to
borrow monies on the credit of the income and revenues to be derived
from the leasing of the building and, in anticipation of collection
of such income and revenues, to issue negotiable or competitive
bonds not to exceed the sum of Four Million Dollars ($4,000,000.00).
The maximum term for such bonds shall be twenty (20) years. It is
the intent of the Legislature to appropriate to the respective
agencies of the state who are tenants of the office building
Oklahoma Statutes - Title 73. State Capital and Capitol Building Page 75
sufficient monies to make rental payments to the Authority for
purposes of retiring the debt created pursuant to this section.
Status: in_force · Read it on the official government site
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