Okla. Stat. tit. 73, § 73-301

property - Appropriations.

A. The Oklahoma Capitol Improvement Authority is authorized to

acquire real property, together with improvements located thereon,

and personal property, to construct buildings and other improvements

to real property and to provide funding for repairs, refurbishments

and improvements to real and personal property and for funding for

the following capital projects in the following amounts:

1. Capital projects at institutions of higher education which

are part of The Oklahoma State System of Higher Education in a total

amount not to exceed Forty-five Million Dollars ($45,000,000.00)

with debt retirement payments to be made by the Oklahoma State

Regents for Higher Education;

2. Construction of a History Center for the Oklahoma Historical

Society in a total amount not to exceed Thirty-two Million Dollars

($32,000,000.00) with debt retirement payments to be made by the

Oklahoma Historical Society. Of such total amount, the sum of Four

Million One Hundred Thousand Dollars ($4,100,000.00) shall be

transferred to the Capital Improvement Revolving Fund as

reimbursement for improvements and renovations to the property made

in preparation for the construction of the History Center;

3. Renovation of the Wiley Post Historical Building for

occupancy by appellate courts in a total amount not to exceed Ten

Million Dollars ($10,000,000.00) with debt retirement payments to be

made by the Oklahoma Supreme Court;

Oklahoma Statutes - Title 73. State Capital and Capitol Building Page 99

4. Land acquisition, demolition, landscaping, environmental

remediation and other costs associated with the Lincoln Boulevard

Renaissance Project in a total amount not to exceed Thirteen Million

Eight Hundred Thousand Dollars ($13,800,000.00) with debt retirement

payments to be made by the Office of Management and Enterprise

Services;

5. Construction of a new building for the J.D. McCarty Center

for Children with Developmental Disabilities in a total amount not

to exceed Ten Million Three Hundred Thousand Dollars

($10,300,000.00) with debt retirement payments to be made by the

J.D. McCarty Center for Children with Developmental Disabilities;

6. Funding for capital costs of a Technology Incubator Program

for the University Hospitals Authority in a total amount not to

exceed Two Million Dollars ($2,000,000.00) with debt retirement

payments to be made by the University Hospitals Authority;

7. Funding for capital costs for the Native American Cultural

and Educational Authority of Oklahoma in a total amount not to

exceed Five Million Dollars ($5,000,000.00) with debt retirement

payments to be made by the Native American Cultural and Educational

Authority of Oklahoma;

8. Funding for capital costs for systemwide equipment for the

Oklahoma Department of Career and Technology Education in a total

amount not to exceed Five Million Dollars ($5,000,000.00) with debt

retirement payments to be made by the Oklahoma Department of Career

and Technology Education;

9. Capital projects for the Oklahoma School for the Deaf in a

total amount not to exceed Six Million Seven Hundred Fifty Thousand

Dollars ($6,750,000.00) with debt retirement payments to be made by

the State Department of Rehabilitation Services;

10. Capital projects for the Oklahoma School for the Blind in a

total amount not to exceed Six Million Seven Hundred Fifty Thousand

Dollars ($6,750,000.00) with debt retirement payments to be made by

the State Department of Rehabilitation Services;

11. Construction of a new State Veterans Home in Lawton,

Oklahoma, in a total amount not to exceed Twelve Million Dollars

($12,000,000.00) with debt retirement payments to be made by the

Oklahoma Department of Veterans Affairs;

12. Capital costs for financial management information systems

in a total amount not to exceed One Million Dollars ($1,000,000.00)

with debt retirement payments to be made by the Office of Management
eterans Home in Lawton,

Oklahoma, in a total amount not to exceed Twelve Million Dollars

($12,000,000.00) with debt retirement payments to be made by the

Oklahoma Department of Veterans Affairs;

12. Capital costs for financial management information systems

in a total amount not to exceed One Million Dollars ($1,000,000.00)

with debt retirement payments to be made by the Office of Management

and Enterprise Services;

13. Funding for the purchase of computer hardware and software

for the Central Purchasing Division of the Office of Management and

Enterprise Services in a total amount not to exceed Two Million

Dollars ($2,000,000.00) with debt retirement payments to be made by

the Office of Management and Enterprise Services;

Oklahoma Statutes - Title 73. State Capital and Capitol Building Page 100

14. Funding for implementation of the Boll Weevil Eradication

Act in a total amount not to exceed Three Million Dollars

($3,000,000.00) with debt retirement payments to be made by the

State Department of Agriculture;

15. Funding for construction and other capital costs at Quartz

Mountain Lodge and Arts and Conference Center in a total amount not

to exceed Three Million Five Hundred Thousand Dollars

($3,500,000.00) with debt retirement payments to be made by the

Oklahoma Tourism and Recreation Department. Of such total amount

appropriated pursuant to this section, the sum of Three Million Five

Hundred Thousand Dollars ($3,500,000.00) shall be transferred to the

Capital Improvement Revolving Fund as reimbursement for the

construction and other capital costs at the Quartz Mountain Lodge

and Arts and Conference Center; and

16. The following capital projects to be funded by the

obligations authorized herein in the amounts to be allocated and

expended by the following entities and in the following amounts:

a. the Oklahoma Aeronautics Commission $2,990,000.00

b. the State Department of Agriculture $5,044,194.00

c. the Oklahoma State Bureau of

Investigation $300,000.00

d. the Oklahoma Capitol Complex and

Centennial Commission $5,470,101.00

e. the Office of Management and

Enterprise Services $975,000.00

f. the Oklahoma Department of Commerce $1,250,000.00

g. the Oklahoma Conservation

Commission $100,000.00

h. the Department of Corrections $260,101.00

i. the State Department of Education $700,000.00

j. the Oklahoma Educational Television

Authority $250,000.00

k. the Grand River Dam Authority $220,000.00

l. the State Department of Health $735,000.00

m. the Oklahoma State Regents for

Higher Education $30,617,909.00

n. the Oklahoma Historical Society $10,456,303.00

o. the Oklahoma House of

Representatives $46,434.00

p. the Department of Human Services $2,010,101.00

q. the J.D. McCarty Center for

Children with Developmental

Disabilities $485,101.00

r. the Office of Juvenile Affairs $1,227,601.00

s. the Department of Mental Health and

Substance Abuse Services $2,075,000.00

Oklahoma Statutes - Title 73. State Capital and Capitol Building Page 101

t. the Military Department of the

State of Oklahoma $5,700,101.00

u. the Department of Public Safety $1,194,000.00

v. the Oklahoma Tourism and Recreation

Department $10,565,005.00

w. the Department of Transportation $5,241,412.00

x. the Oklahoma Department of Veterans

Affairs $1,450,000.00

y. the Oklahoma Department of Career

and Technology Education $13,845,303.00

z. the Oklahoma Water Resources Board $1,850,000.00

aa. the Department of Wildlife

Conservation $608,000.00

bb. the Office of Management and

Enterprise Services $51,833,333.00

GRAND TOTAL $157,499,999.00

The funds allocated in subparagraph bb of this paragraph shall be

spent for capital projects which are important to the furtherance of

state functions, as directed by the Governor.

B. The Authority may hold title to the real and personal

property and improvements until such time as any obligations issued
Office of Management and

Enterprise Services $51,833,333.00

GRAND TOTAL $157,499,999.00

The funds allocated in subparagraph bb of this paragraph shall be

spent for capital projects which are important to the furtherance of

state functions, as directed by the Governor.

B. The Authority may hold title to the real and personal

property and improvements until such time as any obligations issued

for this purpose are retired or defeated and may lease the real

property and improvements to the agencies indicated herein. Upon

final redemption or defeasance of the obligations created pursuant

to this section, title to the real and personal property and

improvements shall be transferred from the Oklahoma Capitol

Improvement Authority, to the agencies indicated herein.

C. For the purpose of paying the costs for acquisition and

construction of the real property and improvements and personal

property and making the repairs, refurbishments, and improvements to

real and personal property, and providing funding for the projects

authorized in subsection A of this section, and for the purpose

authorized in subsection D of 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 such real and personal property

and improvements and, in anticipation of the collection of such

income and revenues, to issue negotiable obligations in a total

amount not to exceed Three Hundred Twenty-five Million Dollars

($325,000,000.00) whether issued in one or more series. The Office

of Management and Enterprise Services is authorized and directed to

expend funds from the Capital Improvement Revolving Fund in amounts

sufficient to make required payments pursuant to such obligations

during the fiscal year ending June 30, 1999. For subsequent fiscal

years, it is the intent of the Legislature to appropriate to the

indicated state agencies sufficient monies to make rental payments

for the purposes of retiring the obligations created pursuant to

this section. Provided, the Authority shall not issue any

Oklahoma Statutes - Title 73. State Capital and Capitol Building Page 102

obligations pursuant to this section for the purpose of providing

funding for the projects authorized in paragraph 16 of subsection A

of this section prior to January 1, 2001. For the fiscal year

ending June 30, 2002, and thereafter, it is the intent of the

Legislature to appropriate to the agencies administering the

projects sufficient monies to make rental payments for the purpose

of retiring the obligations created pursuant to this section.

D. To the extent funds are available from the proceeds of the

borrowing authorized by subsection C of this section, the Oklahoma

Capitol Improvement Authority shall provide for the payment of

professional fees and associated costs related to the projects

authorized in subsection A of this section.

E. The Authority may issue obligations in one or more series

and in conjunction with other issues of the Authority. The

Authority is authorized to hire bond counsel, financial consultants,

and such other professionals as it may deem necessary to provide for

the efficient sale of the obligations and may utilize a portion of

the proceeds of any borrowing to create such reserves as may be

deemed necessary and to pay costs associated with the issuance and

administration of such obligations.

F. The obligations authorized under this section may be sold at

either competitive or negotiated sale, as determined by the

Authority, and in such form and at such prices as may be authorized

by the Authority. The Authority may enter into agreements with such

credit enhancers and liquidity providers as may be determined

necessary to efficiently market the obligations. The obligations

may mature and have such provisions for redemption as shall be

determined by the Authority, but in no event shall the final
by the

Authority, and in such form and at such prices as may be authorized

by the Authority. The Authority may enter into agreements with such

credit enhancers and liquidity providers as may be determined

necessary to efficiently market the obligations. The obligations

may mature and have such provisions for redemption as shall be

determined by the Authority, but in no event shall the final

maturity of such obligations occur later than thirty (30) years from

the first principal maturity date.

G. Any interest earnings on funds or accounts created for the

purposes of this section may be utilized as partial payment of the

annual debt service or for the purposes directed by the Authority.

H. The obligations issued under this section, the transfer

thereof and the interest earned on such obligations including any

profit derived from the sale thereof, shall not be subject to

taxation of any kind by this state, or by any county, municipality

or political subdivision therein.

I. The Authority may direct the investment of all monies in any

funds or accounts created in connection with the offering of the

obligations authorized under this section. Such investments shall

be made in a manner consistent with the investment guidelines of the

State Treasurer. The Authority may place additional restrictions on

the investment of such monies if necessary to enhance the

marketability of the obligations.

Oklahoma Statutes - Title 73. State Capital and Capitol Building Page 103

J. 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.

K. To the extent that the provisions of paragraph 3 of

subsection K of Section 85.4 of Title 74 of the Oklahoma Statutes

would otherwise be applicable, such provisions shall be inapplicable

to assets acquired, for ownership or for use, through the proceeds

from the obligations authorized by paragraph 16 of subsection A of

this section.

L. The Legislature finds that several functions of state

government are properly performed through the delivery of state

services by use of political subdivisions. In order to facilitate

the delivery of essential state services and in furtherance of state

governmental functions by the construction, acquisition or

improvement of assets which may be located within the corporate

limits of a municipality of this state or which may be located in

unincorporated areas of the state and subject to the jurisdiction of

a board of county commissioners, but which nonetheless serve an

important function of state government, this state finds that the

use of the proceeds from the issuance of obligations pursuant to

this section effectuates the performance of essential state

governmental functions including, but not limited to:

1. Fire protection services;

2. Roads, bridges and highways located either partially within

or completely within the corporate limits of a municipality or in an

unincorporated area of the state;

3. Historic preservation;

4. Recreational facilities;

5. Air transportation infrastructure;

6. Facilities for the housing and care of the elderly;

7. Juvenile delinquency prevention and treatment facilities;

8. Agricultural and horticultural event facilities;

9. Health care facilities including, but not limited to,

facilities the primary purpose of which is the treatment or

prevention of communicable diseases or illness;

10. Promotion of tourism;

11. Promotion of economic development and business site

selection; and

12. Public safety.

M. Notwithstanding any other provision of law to the contrary,

each and every agency, board, commission, department or other entity

of state government as identified in paragraph 16 of subsection A of

this section shall have the authority to acquire or to transfer such

property, whether real or personal, tangible or intangible, as may
ment and business site

selection; and

12. Public safety.

M. Notwithstanding any other provision of law to the contrary,

each and every agency, board, commission, department or other entity

of state government as identified in paragraph 16 of subsection A of

this section shall have the authority to acquire or to transfer such

property, whether real or personal, tangible or intangible, as may

be required to fully fund the projects and to acquire or improve the

assets for which the proceeds from the obligations authorized by

this section are available.

Oklahoma Statutes - Title 73. State Capital and Capitol Building Page 104