OK SCR43

Oklahoma Legislature authorizes the Board of Regents of the University of Oklahoma to issue revenue bonds up to $3,500,000 for Rogers State University capital projects.

Bond funds may be used for acquiring, constructing, renovating, expanding, and equipping student facilities, revenue-producing facilities, and other campus improvements including a classroom building.

Revenue bonds are not general obligations of the State of Oklahoma, Rogers State University, or the Board of Regents; the state legislature is not obligated to appropriate funds for repayment.

Bonds are payable solely from revenue-producing buildings and facilities, other income and revenues, contributions, indirect cost recoveries, and other legally available funds.

Copies of the resolution must be distributed to the Board of Regents of the University of Oklahoma and the Oklahoma State Regents for Higher Education.