OK SCR42

Authorizes the Board of Regents of the University of Oklahoma, acting on behalf of Rogers State University, to issue revenue bonds up to $16,000,000 for campus capital projects.

Bonds may be used for acquiring, constructing, renovating, and equipping student facilities, revenue-producing facilities, student housing, and related improvements at Rogers State University.

Revenue bonds are not a general obligation of the State of Oklahoma, Rogers State University, or the Board of Regents; the state legislature has no obligation to appropriate funds for repayment.

Bonds are payable solely from existing or new revenue-producing buildings, facilities, or other income and revenues authorized by law; neither state faith and credit nor taxing power secures the bonds.

Requires distribution of resolution copies to the Board of Regents of the University of Oklahoma and the Oklahoma State Regents for Higher Education.