Okla. Stat. tit. 73, § 73-187A-9: Utilization of LCF funds for Oklahoma State University

— Life sciences 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 Oklahoma

State University to construct, refurbish, or expand facilities

utilized to provide education in the fields of life sciences.

B. LCF Recapitalization Payments shall be made by Oklahoma

State University 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.