Okla. Stat. tit. 73, § 73-187A-7: Utilization of LCF funds for the University of Oklahoma

— Research 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

Section 187B of Title 73 of the Oklahoma Statutes, in the amount of

Eighty Million Dollars ($80,000,000.00) for the benefit of the

University of Oklahoma to construct, refurbish, or expand teaching

and research laboratories and facilities for chemistry, biosciences,

science, technology, engineering, and mathematics degrees.

B. LCF Recapitalization Payments shall be made by the

University of Oklahoma 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.