HB 2775
Capitol Improvement Authority; allocation of funds from the Legacy Capital Financing Fund; utilization for purpose of benefitting the Military Department; requiring certain recapitalization payments.
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill allows the Oklahoma Capitol Improvement Authority to use up to $41.6 million from the Legacy Capital Financing Fund to benefit the Oklahoma Military Department. Specifically, the funds can be used for constructing, refurbishing, or expanding military-related facilities within the state. The bill also establishes a timeline for recapitalization payments and allows the Authority to enter memoranda of understanding to support these projects.
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