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STATE OF OKLAHOMA
1st Session of the 59th Legislature (2023)
HOUSE BILL 2560 By: McBride
AS INTRODUCED
An Act relating to higher education; authori zing the
Oklahoma State Regents for Higher Edu cation to
allocate funds for certain demolitio n projects;
establishing maximum limit for amount of funds;
limiting fund allocations for certain universities ;
directing allocation of remaining funds; providing
for codification; providing an effective date; and
declaring an emergency .
BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
SECTION 1. NEW LAW A new section of law to be codified
in the Oklahoma Statutes as Section 3206.7 of Title 70, unless there
is created a duplication in numbering, reads as follows :
A. The Oklahoma State Regents for Higher Education may allocate
funds appropriated by the Legislature to institutions and entities
within The Oklahoma State System of Higher Ed ucation for the purpose
of funding demolition projects.
B. The total appropriated funds for the demolition projects
shall not exceed Thir ty Million Dollars ($30,000,000.00) , and the
amounts allocated to the University of Oklahoma and Oklahoma State
University shall not exceed Ten Mil lion Dollars ($10,000,000.00) per
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institution. The remaining funds shall be allocated to other
institutions and entities within The Oklahoma State System of Higher
Education for demolition projects.
SECTION 2. This act shall become effective July 1, 2023.
SECTION 3. It being immediately necessary for the preservation
of the public peace, health or safety, an emergency is hereby
declared to exist, by reason whereof thi s act shall take effect and
be in full force from and after its passage and approval.
59-1-5576 EK 01/09/23