Okla. Stat. tit. 63, § 63-3292: Leases from Oklahoma State University Medical Authority

to Oklahoma State University Medical Trust - Transfers of title -

Other agreements.

A. Contingent upon the creation of the Oklahoma State

University Medical Trust as provided in Section 20 of this act, the

Oklahoma State University Medical Authority is hereby authorized to

lease, for a term of not more than fifty (50) years, renewable at

the option of the Authority, all real property owned by the

Authority and any other sites under the control of the Authority to

the Oklahoma State University Medical Trust. Any lease agreement

made pursuant to this section shall be contingent upon:

1. Prior review by the Attorney General of any contractual

agreement between the Oklahoma State University Medical Trust and

any entity authorized to transact business in the State of Oklahoma

regarding the lease and operations. The Attorney General shall

disapprove the agreement if it is determined that provisions of the

agreement are not consistent with state law; and

2. The execution of an operating and lease agreement between

the Oklahoma State University Medical Trust and any entity

authorized to transact business in the State of Oklahoma.

B. Concurrent with the execution of a lease of real property

from the Oklahoma State University Medical Authority to the Oklahoma

State University Medical Trust as provided in subsection A of this

section, the Authority is authorized to transfer title to and

possession of all tangible and intangible personal property under

its control to the Trust. In any contractual agreement regarding

the lease and operations of a hospital or hospitals between the

Oklahoma State University Medical Trust and any entity authorized to

transact business in the State of Oklahoma, the Trust is authorized

to sell or otherwise convey to such entity all tangible and

intangible personal property the Trust may receive from the Oklahoma

State University Medical Authority. Any contract or other agreement

which purports to exercise the powers authorized by this subsection

is subject to review by the Contingency Review Board, as specified

in Section 21 of this act.

C. If a contracting entity fails to take possession of the

leased premises, or abandons or surrenders possession of the leased

premises other than to a state agency, at any time during the term

of the lease between the Oklahoma State University Medical Trust and

the contracting entity, the interest in the real property leased to

the Oklahoma State University Medical Trust by the Oklahoma State

University Medical Authority shall revert to and be the sole and

exclusive property of the Oklahoma State University Medical

Authority.

D. Contingent upon the execution of an agreement between the

Oklahoma State University Medical Trust and any entity authorized to

transact business in the State of Oklahoma, as specified in

subsection A of this section, the Oklahoma State University Medical

Authority is authorized to enter into an agreement for such entity

to provide patient care services and perform other related duties

imposed upon the Oklahoma State University Medical Authority by law.

Such an agreement between the Oklahoma State University Medical

Authority and such entity is exempt from the requirements of the

Oklahoma Central Purchasing Act and any rules adopted by the

Oklahoma State University Medical Authority pursuant to the

Administrative Procedures Act. The governing committee created by

the agreement and the Oklahoma State University Medical Trust shall

be subject to the Open Meeting Act and the Open Records Act to the

same extent and with the same exceptions as provided to for the

Oklahoma State University Medical Authority in Section 5 of this act

and shall be exempt from the Oklahoma Central Purchasing Act.