HB2896 HFLR Page 1
BOLD FACE denotes Committee Amendments. 1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
HOUSE OF REPRESENTATIVES - FLOOR VERSION
STATE OF OKLAHOMA
2nd Session of the 59th Legislature (2024)
COMMITTEE SUBSTITUTE
FOR
HOUSE BILL NO. 2896 By: Wallace and Caldwell (Tre y)
of the House
and
Hall and Rosino of the
Senate
COMMITTEE SUBSTITUTE
An Act relating to the Oklahoma Capitol Improvement
Authority; providing for allocation of funds f rom the
Legacy Capital Financing Fund; authorizing
utilization of certain amount for the purpose of
benefitting the Department of Public Safety;
requiring certain recapitalization payments;
authorizing certain distributions; authorizing and
limiting utilization of me moranda of understanding;
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 187A-12 of Title 73, unless
there is created a duplication in numbering, reads a s follows:
A. In addition to any other authorization provided by law, the
Oklahoma Capitol Improvement Authority is authorized to utilize
available funds from the Legacy Capital Financing Fund created by
HB2896 HFLR Page 2
BOLD FACE denotes Committee Amendments. 1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
Section 187B of Title 73 of the Oklahoma Statutes , in the amount of
Seventy-four Million Dollars ($74,000,000.00) for the benefit of
Department of Public Safety to further the construction of a
centralized training center and related facilities .
B. LCF Recapitalization Payments shall be made related to t he
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 memoranda of understanding with
agencies, departments, and subdivisions of the state as needed, to
facilitate the provisions of this act, provided that such memoranda
of understanding do not constitute a legal obligation of the State
of Oklahoma or impede the administration of the provisions of the
Legacy Capital Financing Act.
SECTION 2. This act shall become effective July 1, 2024.
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 whereo f this act shall take effect and
be in full force from and after its passage and approval.
COMMITTEE REPORT BY: COMMITTEE ON JOINT COMMITTEE ON APPROPRIATIONS
AND BUDGET, dated 05/27/2024 - DO PASS, As Amended.