Okla. Stat. tit. 73, § 73-301.1: Sale of real property associated with the Lincoln

Boulevard Renaissance Project.

The Oklahoma Capitol Improvement Authority is hereby authorized

to sell parcels of real property associated with the Lincoln

Boulevard Renaissance Project in Oklahoma City, whether acquired

from the proceeds of bonds issued pursuant to the provisions of

paragraph 4 of subsection A of Section 301 of this title or from

other sources; provided:

1. The Director of the Office of Management and Enterprise

Services, with advice from the Construction and Properties Division

of the Office, determines the parcel or parcels of land to be not

useful for construction of a state office building because of lot

size, location or other applicable factors;

2. The sale of the parcel or parcels is approved by the

Oklahoma Capitol Improvement Authority;

3. Restrictions are placed on the use of any such parcel sold

to assure it will not conflict with or be detrimental to the

development of the remainder of the Lincoln Boulevard Renaissance

Project;

4. The parcel or parcels are sold in compliance with procedures

for sale of state land set forth in Sections 327 and 327.1 of Title

61 of the Oklahoma Statutes, or the parcels may be transferred for

the purpose of further development to the Commissioners of the Land

Office for no less than the appraised value and no less than the

amount required to fully satisfy the proportionate amount of

outstanding bonds on the parcels to be transferred; and

5. In the opinion of the State Bond Advisor, the sale of such

land will not adversely affect the tax-exempt status of the Oklahoma

Capitol Improvement Authority State Facilities Revenue Bonds, Series

1999A or any other bond issue, the proceeds of which were used to

purchase or acquire such land.