Oklahoma § 63-3226 - Leases from University Hospitals Authority to University

§ 63-3226. Leases from University Hospitals Authority to University

Hospitals Trust.

A. Contingent upon the creation of the University Hospitals

Trust as provided in Section 3224 of this title, the University

Hospitals Authority is hereby authorized to lease, for a term of not

more than fifty (50) years, renewable at the option of the

Authority, all real property known as the University Hospitals and

any other sites under the control of the Authority to the University

Hospitals Trust. Any lease agreement made pursuant to this section

shall be contingent upon:

1. Prior review by the Attorney General of any contractual

agreement between the University Hospitals Trust and any entity

authorized to transact business in the State of Oklahoma regarding

the lease and operations of the University Hospitals. The Attorney

General shall disapprove the agreement if it is determined that

provisions of the agreement are not consistent with state law; and

2. The execution of an operating and lease agreement between

the University Hospitals Trust and any entity authorized to transact

business in the State of Oklahoma.

B. Concurrent with the execution of a lease of real property

from the University Hospitals Authority to the University Hospitals

Trust as provided in subsection A of this section, the Authority is

authorized to transfer title to and possession of all tangible and

intangible personal property under its control to the Trust. In any

contractual agreement regarding the lease and operations of the

University Hospitals between the University Hospitals Trust and any

entity authorized to transact business in the State of Oklahoma, the

Trust is authorized to sell or otherwise convey to such entity all

tangible and intangible personal property the Trust may receive from

the University Hospitals Authority. Any contract or other agreement

which purports to exercise the powers authorized by this subsection

is subject to review by the Contingency Review Board, as specified

in Section 3225 of this title.

C. If a contracting entity fails to take possession of the

leased premises or abandons or surrenders possession of the leased

premises, other than to a state agency, at any time during the term

Oklahoma Statutes - Title 63. Public Health and Safety

of the lease between the University Hospitals Trust and the

contracting entity, the interest in the real property leased to the

University Hospitals Trust by the University Hospitals Authority

shall revert to and be the sole and exclusive property of the

University Hospitals Authority.

D. Contingent upon the execution of an agreement between the

University Hospitals Trust and any entity authorized to transact

business in the State of Oklahoma, as specified in subsection A of

this section, the University Hospitals Authority is authorized to

enter into an agreement for such entity to provide indigent care

services and perform other related duties imposed upon the

University Hospitals Authority by law. Such an agreement between

the University Hospitals Authority and such entity is exempt from

the requirements of the Oklahoma Central Purchasing Act and any

rules adopted by the University Hospitals Authority pursuant to the

Administrative Procedures Act.

Added by Laws 1995, c. 263, § 5. Amended by Laws 1996, c. 321, § 7,

emerg. eff. June 12, 1996; Laws 2000, 1st Ex.Sess., c. 8, § 12, eff.

July 1, 2000.