ENGROSSED SENATE
BILL NO. 1584 	By:	Johnson (Mike) and Myers of the Senate

	and

	Miller of the House

[ Oklahoma Capitol Improvement Authority - 		emergency ]

BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
SECTION 1.     AMENDATORY     73 O.S. 2001, Section 163, is amended to read as follows:
Section 163.  In order to prevent any defaults or threatened defaults in the payment of said bonds, the Oklahoma Capitol Improvement Authority is hereby authorized and empowered, in cooperation with the Office of Public Affairs Department of Central Services, to require state departments and agencies to be housed in a building and to pay rent for the use and occupancy of said the building.  Rents paid by state departments and agencies and all other revenues received by the Authority shall be placed in the Oklahoma Capitol Improvement Authority Fund for the purpose of maintenance of said the buildings and retiring said the bonds.  When all bonds issued for the construction of any building constructed pursuant to Sections 151 through 214 of this title have been paid in full, the building shall become the property of the State of Oklahoma and shall thereafter be under the full and exclusive supervision of the Office of Public Affairs Department of Central Services.
SECTION 2.  It being immediately necessary for the preservation of the public peace, health and safety, an emergency is hereby declared to exist, by reason whereof this act shall take effect and be in full force from and after its passage and approval.
Passed the Senate the 9th day of March, 2010.

	
Presiding Officer 	of the Senate

Passed the House of Representatives the ____ day of __________, 2010.

	
Presiding Officer	of the House
	of Representatives