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(1ST EXTRAORDINARY SESSION)
ENGROSSED HOUSE
BILL NO. 1032 By: Wallace and Martinez of the
House
and
Thompson (Roger) and Hall
of the Senate
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 providi ng 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 duplicati on in numbering, reads as follows:
A. In addition to any other authorization provi ded by law, the
Oklahoma Capitol Impro vement Authority is authorized to utilize
available funds from the Legacy Capital Financing Fund created by
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
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Education and Training to facilitate the construction of new or
expanding training facilities .
B. LCF Recapitalization Payments shall be made related to th e
distribution of proceeds provided in subsection A of this act, in
accordance with the provisions of the Legacy Capital Financi ng Act.
C. The Authority may distribute funds authorized pursuant to
subsection A in one or more tranches.
D. The Authority may enter memoranda of understanding wit h
agencies, departments, and subdivisions of the stat e as needed, to
facilitate the provis ions 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 .
Passed the House of Representatives the 24th day of May, 2023.
Presiding Officer of the House
of Representatives
Passed the Senate the ___ day of __________, 2023.
Presiding Officer of the Senate