Okla. Stat. tit. 73, § 73-187A-9
This is the official text of Okla. Stat. tit. 73, § 73-187A-9, 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 Oklahoma State University
Official statutory text
— Life sciences 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
Oklahoma Statutes - Title 73. State Capital and Capitol Building Page 88
Section 187B of Title 73 of the Oklahoma Statutes, in the amount of
Eighty Million Dollars ($80,000,000.00) for the benefit of Oklahoma
State University to construct, refurbish, or expand facilities
utilized to provide education in the fields of life sciences.
B. LCF Recapitalization Payments shall be made by Oklahoma
State University 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
Oklahoma Statutes - Title 73. State Capital and Capitol Building Page 88
Section 187B of Title 73 of the Oklahoma Statutes, in the amount of
Eighty Million Dollars ($80,000,000.00) for the benefit of Oklahoma
State University to construct, refurbish, or expand facilities
utilized to provide education in the fields of life sciences.
B. LCF Recapitalization Payments shall be made by Oklahoma
State University 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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