A. Sections 1 and 2 of this act shall be known and may be cited as the 'Legacy Capital Financing Act'. B. The purpose of the Legacy Capital Financing Act is to provide increased self-financing and liquidity options to the state in order to facilitate advanced financing for current and future capital needs of the state's agencies, departments, and subdivisions to enable, maintain, or improve the performance of the duties and missions assigned to such entities benefiting the health, safety, and welfare of the citizens of Oklahoma. Such advanced financing provides a benefit to the state by reducing or eliminating related financing and interest costs associated with private financing, as well as accelerating the timeline of project completions.Added by Laws 2023, 1st Ex. Sess., c. 1, § 1, emerg. eff. June 2, 2023.
Oklahoma Legal Code