{"data":{"id":"us-ok/okla.-stat.-tit.-73-73-188b","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 73, § 73-188B","heading":"Oklahoma Capital Assets Maintenance and Protection Fund","body":"(OCAMP Fund).\n\nA. There is hereby created in the State Treasury a revolving\n\nfund for the Oklahoma Capitol Improvement Authority to be designated\n\nthe “Oklahoma Capital Assets Maintenance and Protection Fund” (OCAMP\n\nFund). The fund shall be a continuing fund, not subject to fiscal\n\nyear limitations, and shall consist of all monies received by the\n\nOklahoma Capitol Improvement Authority eligible under law and\n\ndirected for deposit to the fund. All monies accruing to the credit\n\nof the fund are hereby appropriated and, except for the transfer\n\nrequired pursuant to Enrolled Senate Bill No. 1125 of the 2nd\n\nSession of the 59th Oklahoma Legislature, may be allocated,\n\nbudgeted, and expended by the Oklahoma Capitol Improvement Authority\n\nas directed by the Long-Range Capital Planning Commission. Such\n\nallocations, budgeting, and expenditures shall strictly adhere to\n\nthe specific terms, limitations, purposes, and requirements\n\ndescribed in the directive adopted by the Commission. Expenditures\n\nfrom the fund shall be made upon warrants issued by the State\n\nTreasurer against claims filed as prescribed by law with the\n\nDirector of the Office of Management and Enterprise Services for\n\napproval and payment.\n\nB. The Oklahoma Capitol Improvement Authority shall be\n\nauthorized to enter into memoranda of understanding with agencies,\n\ndepartments, and subdivisions of the state as provided by law and as\n\ndeemed necessary by the Authority to administer expenditures from\n\nand allocations and deposits to and from the Oklahoma Capital Assets\n\nMaintenance and Protection Fund, provided that such memoranda of\n\nunderstanding do not conflict with or impede the administration of\n\ncapital projects specifically authorized by law or directed by the\n\nCommission. Such memoranda of understanding shall not constitute a\n\nlegal obligation of this state.\n\nC. Limited to the extent required for projects specifically\n\nauthorized under the provisions of the Oklahoma Capital Assets\n\nMaintenance and Protection Act, the Oklahoma Capitol Improvement\n\nAuthority shall be authorized to:\n\n1. Acquire real property together with improvements located\n\nthereon and personal property;\n\n2. Provide for the construction of improvements to real\n\nproperty and to provide funding for repairs, refurbishments,\n\ndeferred maintenance, and improvements to real and personal\n\nproperty;\n\n3. Hold title to property and improvements as necessary to\n\ncomply with legal directives and authorizations; and\n\n4. Lease, transfer, and otherwise legally dispose of property\n\nand improvements as necessary to comply with legal directives and\n\nauthorizations.\n\nD. No later than January 15 annually, the Oklahoma Capitol\n\nImprovement Authority shall submit electronically to the Governor,\n\nthe President Pro Tempore of the Senate, the Speaker of the House of\n\nRepresentatives, the Chair of the Appropriations Committee of the\n\nSenate, and the Chair of the Appropriations and Budget Committee of\n\nthe House of Representatives a report detailing impacts to the\n\nbalance of the Oklahoma Capital Assets Maintenance and Protection\n\nFund occurring in the prior calendar year, including, but not\n\nlimited to, all distributions, expenditures, collections, and\n\ndeposits of the Oklahoma Capital Assets Maintenance and Protection\n\nFund.","path":["OK Code","Title 73"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os73.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"d687600c014bfd747c271555e193192ec1cb6bd4a1c20934bb754bcf96977a88","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-73-73-188a","next":"us-ok/okla.-stat.-tit.-73-73-19"},"notice":"GroundRules: Original legal text. Not legal advice."}