Oklahoma § 73-187A - Short title — Legacy Capital Financing Act — Purpose

§ 73-187A. Short title — Legacy Capital Financing Act — Purpose

A. Sections 1 and 2 of this act shall be known and may be cited

as the "Legacy Capital Financing Act".

B. The purpose of the Legacy Capital Financing Act is to

provide increased self-financing and liquidity options to the state

in order to facilitate advanced financing for current and future

capital needs of the state's agencies, departments, and subdivisions

to enable, maintain, or improve the performance of the duties and

missions assigned to such entities benefiting the health, safety,

and welfare of the citizens of Oklahoma. Such advanced financing

provides a benefit to the state by reducing or eliminating related

financing and interest costs associated with private financing, as

well as accelerating the timeline of project completions.

Added by Laws 2023, 1st Ex. Sess., c. 1, § 1, emerg. eff. June 2,

2023.

§73-187A-1. Utilization of LCF funds for the Council on Law

Enforcement Education and Training.

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

Enrolled House Bill No. 1002 of the 1st Extraordinary Session of the

59th Oklahoma Legislature, in the amount of Three Million Nine

Hundred Eighty-three Thousand Six Hundred Twenty Dollars

Oklahoma Statutes - Title 73. State Capital and Capitol Building

($3,983,620.00) for the benefit of the Council on Law Enforcement

Education and Training to facilitate the construction of new or

expanding training facilities.

B. LCF Recapitalization Payments shall be made 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.

Added by Laws 2023, 1st Ex. Sess., c. 23, § 1.

§73-187A-2. Utilization of LCF funds for the Oklahoma State

University Veterinary Medicine Authority.

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

Enrolled House Bill No. 1002 of the 1st Extraordinary Session of the

59th Oklahoma Legislature, in the amount of Seventy-nine Million

Dollars ($79,000,000.00) for the benefit of the Oklahoma State

University Veterinary Medicine Authority (OSUVMA) created pursuant

to Enrolled House Bill No. 2863 of the 1st Session of the 59th

Oklahoma Legislature to construct, refurbish, or expand animal

teaching hospitals and related facilities.

B. LCF Recapitalization Payments shall be made 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.

Added by Laws 2023, 1st Ex. Sess., c. 9, § 1.

§73-187A-2.1. Utilization of LCF funds for the Oklahoma State

University Veterinary Medicine Authority.

A. In addition to any other authorization provided by law, the

Oklahoma Capitol Improvement Authority is authorized to utilize

Oklahoma Statutes - Title 73. State Capital and Capitol Building

available funds from the Legacy Capital Financing Fund created by

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

Two Hundred Fifty Million Dollars ($250,000,000.00) for the benefit

of Oklahoma State University Veterinary Medicine Authority (OSUVMA)

to construct, refurbish, or expand animal teaching hospitals and

related facilities.

B. LCF Recapitalization Payments shall be made related to the

distribution of proceeds provided in subsection A of this section,

in accordance with the provisions of the Legacy Capital Financing

Act, provided that the twenty-year recapitalization period and

associated recapitalization payments shall not begin until the state

fiscal year beginning July 1, 2026.

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.

Added by Laws 2025, c. 461, § 1.

§73-187A-3. Utilization of LCF funds for existing Oklahoma

Historical Society 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

Enrolled House Bill No. 1002 of the 1st Extraordinary Session of the

59th Oklahoma Legislature, in the amount of Forty-six Million

Dollars ($46,000,000.00) for the benefit of Oklahoma Historical

Society to facilitate the construction, repair and rehabilitation,

and improvements to real and personal property related to existing

Oklahoma Historical Society facilities.

B. LCF Recapitalization Payments shall be made 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.

Added by Laws 2023, 1st Ex. Sess., c. 6, § 1, eff. Aug. 1, 2023.

Oklahoma Statutes - Title 73. State Capital and Capitol Building

§73-187A-4. Utilization of LCF funds for the Department of Public

Safety.

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

Enrolled House Bill No. 1002 of the 1st Extraordinary Session of the

59th Oklahoma Legislature, in the amount of:

1. Twenty Million Dollars ($20,000,000.00) for the benefit of

the Department of Public Safety to create an Oklahoma Wireless

Information Network (OKWIN);

2. Fifty-nine Million Five Hundred Sixty-four Thousand Four

Hundred Nineteen Dollars ($59,564,419.00) for the benefit of the

Department of Public Safety for the construction of a centralized

training center and related facilities; and

3. Eight Million Dollars ($8,000,000.00) for the benefit of the

Department of Public Safety for facility upgrades, repair,

expansion, and replacement of Oklahoma Highway Patrol facilities.

B. LCF Recapitalization Payments shall be made 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.

Added by Laws 2023, 1st Ex. Sess., c. 8, § 1.

§73-187A-5. Utilization of LCF funds for Office of Management and

Enterprise Services 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 this title, in the amounts of:

1. Seventy Million Dollars ($70,000,000.00) for the benefit of

the Office of Management and Enterprise Services to repair,

refurbish, and improve the real and personal property of the Jim

Thorpe Office Building; and

2. Forty-five Million Three Hundred Twenty-two Thousand Three

Hundred Dollars ($45,322,300.00) for the benefit of the Office of

Management and Enterprise Services to accept transfer of the Kelley

Building and Kelley Annex owned by the Department of Human Services

and renovate the facilities for lease to a public operator as a day

care facility.

Oklahoma Statutes - Title 73. State Capital and Capitol Building

B. LCF Recapitalization Payments shall be made 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.

Added by Laws 2023, 1st Ex. Sess., c. 7, § 1, eff. Aug. 1, 2023,

Amended by Laws 2025, c. 464, § 1.

§73-187A-6. Utilization of LCF funds for the Oklahoma Department of

Libraries.

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

Enrolled House Bill No. 1002 of the 1st Extraordinary Session of the

59th Oklahoma Legislature, in the amount of Seventeen Million Six

Hundred Five Thousand Dollars ($17,605,000.00) to be distributed to

the Office of Management and Enterprise Services for the benefit of

the Oklahoma Department of Libraries, to construct, refurbish, or

expand the facilities utilized by the Department of Libraries.

B. LCF Recapitalization Payments shall be made 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.

Added by Laws 2023, 1st Ex. Sess., c. 10, § 1.

§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

Oklahoma Statutes - Title 73. State Capital and Capitol Building

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.

Added by Laws 2024, c. 387, § 1, eff. July 1, 2024.

§73-187A-8. Utilization of LCF funds for the University of Oklahoma

— Engineering 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 or expand facilities utilized in

the instruction of engineering curriculum to increase capacity for

research, experiential learning, and engineering collaboration

spaces.

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.

Added by Laws 2024, c. 388, § 1, eff. July 1, 2024.

§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

Oklahoma Statutes - Title 73. State Capital and Capitol Building

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.

Added by Laws 2024, c. 389, § 1, eff. July 1, 2024.

§73-187A-10. Utilization of LCF funds for Oklahoma State University

Medical Authority 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

Thirty Million Dollars ($30,000,000.00) for the benefit of Oklahoma

State University Medical Authority to construct, refurbish, or

expand Oklahoma State University Medical Authority facilities.

B. LCF Recapitalization Payments shall be made 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.

Added by Laws 2024, c. 390, § 1, eff. July 1, 2024.

§73-187A-11. Utilization of LCF funds for Oklahoma State Bureau of

Investigation headquarters and 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

Oklahoma Statutes - Title 73. State Capital and Capitol Building

Twenty-seven Million Five Hundred Thousand Dollars ($27,500,000.00)

for the benefit of the Oklahoma State Bureau of Investigation to

construct, refurbish, or expand the Oklahoma State Bureau of

Investigation headquarters and related facilities.

B. LCF Recapitalization Payments shall be made 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.

Added by Laws 2024, c. 391, § 1, eff. July 1, 2024.

§73-187A-12. Utilization of LCF funds for Department of Public

Safety training center and 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

Seventy-four Million Dollars ($74,000,000.00) for the benefit of

Department of Public Safety to further the construction of a

centralized training center and related facilities.

B. LCF Recapitalization Payments shall be made related to the

distribution of proceeds provided in subsection A of this act, in

accordance with the provisions of the Legacy Capital Financing Act.

C. The Authority may distribute funds authorized pursuant to

subsection A 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.

Added by Laws 2024, c. 392, § 1, eff. July 1, 2024.

§73-187A-13. Utilization of LCF funds for the University Hospitals

Authority.

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

Two Hundred Million Dollars ($200,000,000.00) for the benefit of

Oklahoma Statutes - Title 73. State Capital and Capitol Building

University Hospitals Authority to construct, refurbish, or expand

hospital facilities associated with the specialization of diagnosing

and treatment of heart conditions in children, commonly referred to

as a "pediatric heart hospital".

B. LCF Recapitalization Payments shall be made related to the

distribution of proceeds provided in subsection A of this section,

in accordance with the provisions of the Legacy Capital Financing

Act, provided that the twenty-year recapitalization period and

associated recapitalization payments shall not begin until the state

fiscal year beginning July 1, 2026.

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.

Added by Laws 2025, c. 462, § 1.

§73-187A-14. Utilization of LCF funds for the Military Department

of the State of Oklahoma.

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

Forty-one Million Six Hundred Thousand Dollars ($41,600,000.00) for

the benefit of the Military Department of the State of Oklahoma to

construct, refurbish, or expand military related facilities in

Oklahoma.

B. LCF Recapitalization Payments shall be made related to the

distribution of proceeds provided in subsection A of this section,

in accordance with the provisions of the Legacy Capital Financing

Act, provided that the twenty-year recapitalization period and

associated recapitalization payments shall not begin until the state

fiscal year beginning July 1, 2026.

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.

Added by Laws 2025, c. 463, § 1.

NOTE: Editorially renumbered from § 187A-13 of this title to avoid

duplication in numbering.

Oklahoma Statutes - Title 73. State Capital and Capitol Building