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STATE OF OKLAHOMA
1st Extraordinary Session of the 59th Legislature (2023)
COMMITTEE SUBSTITUTE
FOR
HOUSE BILL NO. 1032 By: Wallace and Martinez of the
House
and
Thompson (Roger) and Hall
of the Senate
COMMITTEE SUBSTITUTE
An Act relating to the Legacy Capital Financing Fund ;
authorizing utilization of portion o f certain amount
for certain purpose benefiting the Council on Law
Enforcement Education and Training; requiring certain
recapitalization payments; authorizing certain
distributions; authorizing and limiting utilization
of memoranda of understanding; and providing for
codification.
BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLA HOMA:
SECTION 1. NEW LAW A new section of law to be codified
in the Oklahoma Statutes as Section 187A-1 of Title 73, unless there
is created a duplication in numbering, reads as follows:
A. In addition to any other authorization provi ded by law, the
Oklahoma Capitol Impro vement Authority is autho rized to utilize
available funds from the Legacy Capital Financing Fund created by
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Enrolled House Bill No. 1002 of the 1st Extraordinary Session of the
59th Oklahoma Legislature, in the amount of Three Million Nine
Hundred Eighty-three Thousand Six Hundred Twenty Dollars
($3,983,620.00) for the benefit of the Council on Law Enforcement
Education and Training to facilitate the construction of new or
expanding training facilities .
B. LCF Recapitalization Payments shall be made related to the
distribution of proceeds provided in subsection A of this act, in
accordance with the provisions of the Legacy Capital Financing Act .
C. The Authority may distribute funds authorized pursuant to
subsection A in one or more tranches.
D. The Authority may enter memorand a of understanding wit h
agencies, departments, and subdivisions of the stat e as needed, to
facilitate the provisions of this act, provided that such memoranda
of understanding do not con stitute a legal obligation of the State
of Oklahoma or impede the administration of the prov isions of the
Legacy Capital Financing Act .
59-1EX-50122 JM 05/23/23