Okla. Stat. tit. 73, § 73-187A-8
This is the official text of Okla. Stat. tit. 73, § 73-187A-8, 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 University of Oklahoma
Official statutory text
— Engineering facilities.
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
Eighty Million Dollars ($80,000,000.00) for the benefit of the
University of Oklahoma to construct or expand facilities utilized in
the instruction of engineering curriculum to increase capacity for
research, experiential learning, and engineering collaboration
spaces.
B. LCF Recapitalization Payments shall be made by the
University of Oklahoma related to the distribution of proceeds
provided in subsection A of this section, in accordance with the
provisions of the Legacy Capital Financing Act.
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
Eighty Million Dollars ($80,000,000.00) for the benefit of the
University of Oklahoma to construct or expand facilities utilized in
the instruction of engineering curriculum to increase capacity for
research, experiential learning, and engineering collaboration
spaces.
B. LCF Recapitalization Payments shall be made by the
University of Oklahoma related to the distribution of proceeds
provided in subsection A of this section, in accordance with the
provisions of the Legacy Capital Financing Act.
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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