GroundRules
← Search the law
Oklahoma · Snapshot open-us-law v2026.08, retrieved 2026-09-14

Okla. Stat. tit. 73, § 73-187A-6: Utilization of LCF funds for the Oklahoma Department of

Read at publisher ↗
Where this section sits in the code
  1. OK Code
  2. Title 73

Libraries.

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

Enrolled House Bill No. 1002 of the 1st Extraordinary Session of the

59th Oklahoma Legislature, in the amount of Seventeen Million Six

Hundred Five Thousand Dollars ($17,605,000.00) to be distributed to

the Office of Management and Enterprise Services for the benefit of

the Oklahoma Department of Libraries, to construct, refurbish, or

expand the facilities utilized by the Department of Libraries.

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.

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.

Collected 2026-09-14T18:32:36Z. Source file · JSON

Browse this collection