Oklahoma § 73-188B - Oklahoma Capital Assets Maintenance and Protection Fund

§ 73-188B. Oklahoma Capital Assets Maintenance and Protection Fund

(OCAMP Fund).

A. There is hereby created in the State Treasury a revolving

fund for the Oklahoma Capitol Improvement Authority to be designated

the “Oklahoma Capital Assets Maintenance and Protection Fund” (OCAMP

Fund). The fund shall be a continuing fund, not subject to fiscal

year limitations, and shall consist of all monies received by the

Oklahoma Capitol Improvement Authority eligible under law and

directed for deposit to the fund. All monies accruing to the credit

of the fund are hereby appropriated and, except for the transfer

required pursuant to Enrolled Senate Bill No. 1125 of the 2nd

Session of the 59th Oklahoma Legislature, may be allocated,

budgeted, and expended by the Oklahoma Capitol Improvement Authority

as directed by the Long-Range Capital Planning Commission. Such

allocations, budgeting, and expenditures shall strictly adhere to

the specific terms, limitations, purposes, and requirements

described in the directive adopted by the Commission. Expenditures

Oklahoma Statutes - Title 73. State Capital and Capitol Building

from the fund shall be made upon warrants issued by the State

Treasurer against claims filed as prescribed by law with the

Director of the Office of Management and Enterprise Services for

approval and payment.

B. The Oklahoma Capitol Improvement Authority shall be

authorized to enter into memoranda of understanding with agencies,

departments, and subdivisions of the state as provided by law and as

deemed necessary by the Authority to administer expenditures from

and allocations and deposits to and from the Oklahoma Capital Assets

Maintenance and Protection Fund, provided that such memoranda of

understanding do not conflict with or impede the administration of

capital projects specifically authorized by law or directed by the

Commission. Such memoranda of understanding shall not constitute a

legal obligation of this state.

C. Limited to the extent required for projects specifically

authorized under the provisions of the Oklahoma Capital Assets

Maintenance and Protection Act, the Oklahoma Capitol Improvement

Authority shall be authorized to:

1. Acquire real property together with improvements located

thereon and personal property;

2. Provide for the construction of improvements to real

property and to provide funding for repairs, refurbishments,

deferred maintenance, and improvements to real and personal

property;

3. Hold title to property and improvements as necessary to

comply with legal directives and authorizations; and

4. Lease, transfer, and otherwise legally dispose of property

and improvements as necessary to comply with legal directives and

authorizations.

D. No later than January 15 annually, the Oklahoma Capitol

Improvement Authority shall submit electronically to the Governor,

the President Pro Tempore of the Senate, the Speaker of the House of

Representatives, the Chair of the Appropriations Committee of the

Senate, and the Chair of the Appropriations and Budget Committee of

the House of Representatives a report detailing impacts to the

balance of the Oklahoma Capital Assets Maintenance and Protection

Fund occurring in the prior calendar year, including, but not

limited to, all distributions, expenditures, collections, and

deposits of the Oklahoma Capital Assets Maintenance and Protection

Fund.

Added by Laws 2024, c. 441, § 2, eff. July 1, 2024. Amended by Laws

2025, c. 439, § 3, eff. July 1, 2025.