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OK HB2773
Bill
Status
5/29/2025
Primary Sponsor
Trey Caldwell
Click for details
AI Summary
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Authorizes the Oklahoma Capitol Improvement Authority to allocate $250,000,000 from the Legacy Capital Financing Fund to the Oklahoma State University Veterinary Medicine Authority (OSUVMA)
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Funds must be used to construct, refurbish, or expand animal teaching hospitals and related facilities at OSU
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Twenty-year recapitalization payments to replenish the fund will not begin until the state fiscal year starting July 1, 2026
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Authority may distribute the $250 million in one or more tranches rather than a single disbursement
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Memoranda of understanding with state agencies are permitted to implement the act, but cannot create legal obligations for the state or interfere with Legacy Capital Financing Act administration
Legislative Description
Capitol Improvement Authority; allocation of funds from Legacy Capital Financing Funds; utilization of certain amount for the Oklahoma State University Veterinary Medicine Authority.
Last Action
Becomes law without Governor's signature 05/29/2025
5/29/2025