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
($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
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.
§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.
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
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
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
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
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.