A. The Oklahoma Capitol Improvement Authority may provide for the funding for asbestos abatement, repairs, refurbishments, renovation, rewiring, and such other costs as deemed necessary by the Authority to properties and facilities located in the Oklahoma State Capitol Complex, including the State Capitol Building, the Will Rogers Memorial Office Building, the Sequoyah Memorial Office Building and the Historical Society Building, and may hold title to or a leasehold interest in the facilities until such time as the indebtedness created pursuant to this section shall be retired or defeased. Upon the retirement of the indebtedness created pursuant to this section, the title to the facilities and improvements thereon shall be transferred from the Oklahoma Capitol Improvement Authority to the Office of Management and Enterprise Services.
B. For the purpose of paying the costs of the projects authorized in subsection A of this section, the Authority is hereby authorized to borrow monies on the credit of the income and revenues to be derived from such projects and, in anticipation of the collection of such income and revenues, to issue negotiable or competitive bonds not to exceed the sum of Sixteen Million Dollars ($16,000,000.00) as may be determined by the Authority. It is the intent of the Legislature to appropriate to the Office and respective agencies of the state sufficient monies to make rental payments to the Authority for purposes of retiring the debt created pursuant to this section.
C. The Authority may issue the bonds in one or more series and in conjunction with other issues of the Authority.
D. Insofar as they are not in conflict with the provisions of this section, the provisions of Section 151 et seq. of this title shall apply to this section.
E. All interest earned on any reserve funds created by such bonds held by the State Treasurer, as collected, shall be paid into the General Revenue Fund.
Added by Laws 1995, c. 334, § 3, emerg. eff. June 8, 1995. Amended by Laws 2012, c. 304, § 683.
Structure Oklahoma Statutes
Title 73. State Capital and Capitol Building
§73-1. Seat of government and capitol established.
§73-15.1. Management and control of space by Legislature.
§73-15.3. Assignment of parking for certain officials - Location - Reserved parking spaces.
§73-15.4. Friends of the Capitol – Not-for-profit corporation.
§73-19. Oklahoma State Capitol Building Repair and Restoration Fund.
§73-22. Mechanical engineer - Approval of defacement.
§73-23. Violation a misdemeanor - Punishment.
§73-24. Flags at south plaza entrance.
§73-25. Oklahoma Historical Society – Maintenance and display of flags, standards, or banners.
§73-26. Flags, standards, or banners of federally recognized Native American tribal governments.
§73-62.2. Agreement with Post Office Department - Additional space.
§73-63. Battle flags and colors - Display.
§73-71. Custody of property belonging to houses of Legislature.
§73-73. Records and journals - Public inspection - Confidentiality.
§73-83. Capitol-Medical Center Improvement and Zoning District - Creation and boundaries.
§73-83.1. Capitol-Medical Center Improvement and Zoning Commission.
§73-83.3. Official master comprehensive plan - Agreements with City of Oklahoma City.
§73-83.4. Rules and regulations.
§73-83.5. Regulations authorized - Districts and subdistricts - Parking.
§73-83.6. Existing uses, buildings and structures.
§73-83.7. Notice and hearing before adoption of regulations.
§73-83.8. Permit for improvement or change of use.
§73-83.11. Corporate status and powers of Commission.
§73-83.12. Citizens' Advisory Committee.
§73-83.13. Complaint - Notice - Hearing - Orders - Service of order, etc.
§73-96. Regulation and enforcement.
§73-98.7. Financial report - Termination of commission, transfer of powers.
§73-99.13. Program administration – Grant applications – Award considerations – Rules.
§73-99.14. Project work standards – Eligible expenses – Oversight.
§73-99.15. Oklahoma Historic Capitols Preservation Act Revolving Fund.
§73-152. Authority created - Membership - Officers - Quorum - Bond.
§73-153. Acquisition of land and erection of buildings - Negotiable bonds.
§73-153-A. Buildings for Department of Public Safety - Location - Financing.
§73-153-C. Transfer of property to Department of Public Safety.
§73-155. Sale of bonds to public - Bids - Deposit.
§73-156.1. Refinancing and restructuring of outstanding obligations.
§73-157. Bonds as legal investment for bank, trust or insurance companies.
§73-158.1. Article X, § 29 certificate required for bonds – Prima facie evidence.
§73-159. Delivery of bonds upon payment - Deposit and investment of proceeds.
§73-159.1. Payment of funds in advance of bond issuance - Deposit and use of funds.
§73-160. Approval of bonds by Supreme Court.
§73-162. Transaction of business for profit by members or employees prohibited - Penalty.
§73-163. State departments and agencies to pay rents.
§73-163.1. Private persons authorized to lease space.
§73-163.3. Predesign services and consultation required for facilities financed by Authority.
§73-165. Funds for payment of rent.
§73-166. Execution of bonds and contracts - Audit of claims.
§73-167. Prohibition on sale or other disposal of bonds without legislative approval.
§73-168. Acquisition of land and erection of buildings for specified state agencies.
§73-168.1. Payment for lands acquired by other state agencies - Conveyance of title.
§73-168.2. Rehabilitation facility for Department of Human Services.
§73-168.6. Construction and improvement of state highway system - Issuance of obligations.
§73-168.7. Acquisition of property for Bureau of Investigation.
§73-168.9. Purchase of real property for public hunting, fishing and trapping areas.
§73-168.10a. Defeasance of obligations – Escrow account.
§73-168.10b. Obligation Defeasance Revolving Fund.
§73-169. Payment of bonds - Rights of holders - Commingling prohibited.
§73-170. Provisions governing.
§73-171. Attorney General - Duty.
§73-172. Interest rate on bonds.
§73-176. Permanent legislative liaison committee.
§73-177. Renovation of certain facilities.
§73-177.1. Buildings for the Oklahoma Department of Corrections.
§73-178. Repairs, refurbishments and improvements - Authority to issue bonds.
§73-179. 1995 Tourism Bond Revolving Fund.
§73-180. Funding for asbestos abatement and repairs - Bonds.
§73-181. Construction of office building in Carter County.
§73-182. Food Processing Center at Oklahoma State University.
§73-183. Construction and operation of correctional facilities.
§73-184. Equipment leasing and finance program.
§73-201. Will Rogers Memorial Office Building.
§73-202. Sequoyah Memorial Office Building.
§73-203. Provision for proper recognition.
§73-204. Wiley Post Historical Building.
§73-205. Jim Thorpe Office Building.
§73-206. Identification of buildings.
§73-207. Oliver Hodge Memorial Education Building.
§73-208. Robert R. Lester Law Enforcement Training Center.
§73-210. Allen Wright Memorial Library Building.
§73-212. M.C. Connors Building.
§73-215. Denver N. Davison Building - Designation.
§73-216. Denver N. Davison Building - Marker.
§73-217. Vezey Veterans Complex.
§73-301. Acquisition, construction, repair and improvement of real property - Appropriations.
§73-301.1. Sale of real property associated with the Lincoln Boulevard Renaissance Project.
§73-302. Completion of History Center for Oklahoma Historical Society - Issuance of obligations.
§73-302.1. Completion of Oklahoma Museum of Popular Culture - Issuance of obligations.
§73-304. Completion of Native American Cultural Center Museum - Issuance of obligations.
§73-306. Financing for construction of capital dome.
§73-308. Financing for construction of Oklahoma Animal Disease Diagnostic Laboratory.
§73-311. Issuance of revenue bonds.
§73-315. Substance abuse treatment center – Construction costs and fees.
§73-321. Improvements to Samuel Layton Building - Funding.
§73-332. Renovation of the Wiley Post Historical Building - Funding.
§73-335. Repair and restoration of flood-damaged areas - Acquistion of property - Funding.
§73-341. State highway and bridge assets – Financing of construction, maintenance and improvements.
§73-343. Financing authority for construction, repair and rehabilitation of flood-control dams.
§73-343.1. Financing authority for construction, repair and rehabilitation of high-hazard dams.
§73-346. Financing Authority for State Capitol Building Projects – Authority to issue obligations.
§73-347. Financing authority for construction of State Health Laboratory.
§73-348. Financing authority for construction of veterans facilities.
§73-349. Financing authority for Oklahoma Department of Corrections construction fund.
§73-350.1. Financing authority for state highway and bridge assets – Fiscal years 2021 through 2028.
§73-360. Financing authority for construction, repair and rehabilitation of state parks.
§73-371. Financing authority for construction, repair and rehabilitation of Greer Center Facility.