Okla. Stat. tit. 73, § 73-187A-13: Utilization of LCF funds for the University Hospitals

Authority.

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

Two Hundred Million Dollars ($200,000,000.00) for the benefit of

University Hospitals Authority to construct, refurbish, or expand

hospital facilities associated with the specialization of diagnosing

and treatment of heart conditions in children, commonly referred to

as a "pediatric heart hospital".

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.