Okla. Stat. tit. 73, § 73-187A-14
This is the official text of Okla. Stat. tit. 73, § 73-187A-14, 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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Utilization of LCF funds for the Military Department
Official statutory text
of the State of Oklahoma.
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
Forty-one Million Six Hundred Thousand Dollars ($41,600,000.00) for
the benefit of the Military Department of the State of Oklahoma to
construct, refurbish, or expand military related facilities in
Oklahoma.
B. LCF Recapitalization Payments shall be made related to the
distribution of proceeds provided in subsection A of this section,
in accordance with the provisions of the Legacy Capital Financing
Act, provided that the twenty-year recapitalization period and
associated recapitalization payments shall not begin until the state
fiscal year beginning July 1, 2026.
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.
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
Forty-one Million Six Hundred Thousand Dollars ($41,600,000.00) for
the benefit of the Military Department of the State of Oklahoma to
construct, refurbish, or expand military related facilities in
Oklahoma.
B. LCF Recapitalization Payments shall be made related to the
distribution of proceeds provided in subsection A of this section,
in accordance with the provisions of the Legacy Capital Financing
Act, provided that the twenty-year recapitalization period and
associated recapitalization payments shall not begin until the state
fiscal year beginning July 1, 2026.
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.
Status: in_force · Read it on the official government site
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